Profit & Loss
Key financial results € million |
2014A | 2015A | 2016A | CAGR'14-'16 |
Revenues | 4,480 | 4,785 | 4,976 | +5.4% |
EBITDA adjusted | 890 | 1,021 | 1,082 | +10.3% |
Margin | 19.9% | 21.3% | 21.7% | |
EBIT adjusted | 654 | 769 | 844 | +13.6% |
Margin | 14.6% | 16,1% | 17,0% | |
Net Income adjusted | 281 | 388 | 297 | |
Net Income | 238 | (378) | 164 |
(*) historical financials adjusted, i.e. before amortization of PPA, non-recurring items and restr. costs; restated with Steelcord among discontinued operations (2014) and net of venezuela deconsolidation impact (2014 and 2015)
Revenues trend |
Revenues drivers |
'15 vs. '14 | '16 vs. '15 | ||
Δ Volumes | 0.7% | 3.5% | ||
- o/w High Value volumes | 17.1% | 15.7% | ||
Δ Price/Mix | 4.1% | 3.4% | ||
Δ Exchange rate | 2.0% | (4.4%) | ||
Δ Perimeter** | 0.0% | 1.5% | ||
Δ Revenues | 6.8% | 4.0% |
(*) Aeolus and others carve-out
EBIT adjusted* trend |
EBIT adjusted* bridge |
(*) Before amortization of PPA, non recurring items & restructuring costs
Revenues by area |
EBIT adjusted* by area |
(*) Before amortization of PPA, non recurring items & restructuring costs
Profit & Loss
Revenues trend milioni di € |
1H ‘16 | 1H ‘17 | Δ YoY | |
Revenues | 2,427 | 2,685 | +10.6% | |
EBITDA adjusted* w/o start-up costs** | 567 | |||
Margin | 21.1% | |||
EBITDA adjusted* | 530 | 546 | +3.1% | |
Margin | 21.8% | 20.3% | ||
EBIT adjusted*** senza costi di start-up** | 443 | |||
Margin | 16.5% | |||
EBIT adjusted*** | 413 | 416 | +0.7% | |
Margin | 17.0% | 15.5% | ||
Amortization from PPA | (52) | (52) | ||
Non recurring items & restr. costs | (19) | (46) | ||
Net Income adjusted | 65 | 159 | ||
Net Income | (6) | 68 |
(*) before non recurring items & restructuring costs; (**) start-up: Aeolus Car, Velo, Cyber & digital transformation
(***) before amortization of PPA, non recurring items & restructuring costs;
Revenues trend |
revenue drivers |
'16 vs. '17 | ||
Δ Volumes | 1.3% | ||
- o/w High Value volumes | 13.2% | ||
Δ Price/Mix | 5.9% | ||
Δ Exchange rate | 2.6% | ||
Δ Perimeter* | 0.8% | ||
Δ Revenues | 10.6% |
(*) Aeolus and others carve-out
EBIT adjusted* bridge |
(*) Before amortization of PPA, non recurring items & restructuring costs; (**) start-up: Aeolus Car, Velo, Cyber & digital transformation