Financial highlights

CFT S.p.A. Pro-forma consolidated financial accounts as at 31 december 2017

The Financial Highlights of the CFT group as at 31 December 2017 are reported below, the consolidated financial statements are available in the section Financial statements, reports and presentations.

Amounts in Milions of €

>200
Revenues*
∼20
EBITDA**
∼7
Consolidated net profit
∼35
Net Financial Position***

 

* income from sales and services (Item A1 of the consolidated financial statements)

** EBITDA is calculated as the algebraic sum of the items of the consolidated income statement: Result before taxes; +/- Financial Income and expenses ("C" item in the income statement); +/- Value adjustments on financial assets and liabilities ("D" item in the income statement); +/- Depreciation, amortization / writedowns / revaluations / provisions (items "B10" and "B12" in the income statement).

*** “Net Financial Position is calculated as the algebraic sum of the items of the consolidated balance sheet: - cash and cash equivalent (Item “C IV” in the balance sheet assets); + payables to bank (Item “D4” in the balance sheet liabilities); + payables to other lenders (Item “D5” in the balance sheet liabilities).

EBITDA and net financial position are not identified as accounting measures under Italian accounting principles (OIC), therefore, the quantitative determination of these data may not be unequivocal, nor can they be considered as an alternative measure to the evaluation of the trend of the operating result of the CFT Group. EBITDA and net financial position are measures used by the management of the CFT Group to monitor and evaluate its operating and financial performance. The criteria for determining EBITDA and net financial position applied by the CFT Group may not be consistent with those adopted by other companies and, therefore, their value may not be comparable with that determined by them.

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