197
F.1
OPERATING SEGMENTS
The following tables present information by operating segment:
(1)
The sales of the operating segments and business areas are reported net of intercompany transactions, consistent with the presentation adopted in the
regularly reviewed reports.
(in millions of Euro)
2012
Energy Telecom Corporate
Group total
Utilities
Trade & Industrial Other
Total
Installers
Sales of goods and services to third parties
(1)
2,287
2,159
1,801
135
6,382
1, 466
-
7,848
Adjusted EBITDA (A)
270
77
139
1
487
160
-
647
% of sales
11.8%
3.6%
7.7% 0.6% 7.6%
10.9%
8.2%
EBITDA (B)
265
37
119
(4)
417
138
(9)
546
% of sales
11.6%
1.7%
6.6%
6.5%
9.4%
7.0%
Amortisation and depreciation (C)
(36)
(28)
(40)
(4)
(108)
(56)
(164)
Adjusted operating income (A+C)
234
49
99
(3)
379
104
483
% of sales
10.2%
2.3%
5.5%
5.9%
7.1%
6.2%
Fair value change in metal derivatives (D)
14
Fair value - stock options (E)
(17)
Impairment of assets (F)
(3)
(5)
(15)
-
(23)
(1)
(24)
Remeasurement of minority put option liability (G)
7
Operating income (B+C+D+E+F+G)
362
% of sales
4.6%
Share of income from investments in associates and dividends
from other companies
15
2
17
Finance costs
(393)
Finance income
258
Taxes
(73)
Net profit/(loss) for the year
171
Attributable to:
Owners of the parent
168
Non-controlling interests
3
Reconciliation of EBITDA to Adjusted EBITDA
EBITDA (A)
265
37
119
(4)
417
138
(9)
546
NON-RECURRING EXPENSES/(INCOME):
Company reorganisation
3
29
16
5
53
16
5
74
Antitrust
1
-
-
-
1
-
-
1
Draka integration costs
-
2
2
-
4
1
4
9
Tax inspections
-
-
-
1
1
2
-
3
Environmental remediation and other costs
-
1
2
-
3
-
-
3
Italian pensions reform
1
-
-
-
1
-
-
1
Other non-recurring expenses
2
8
-
-
10
3
-
13
Gains on disposal of assets held for sale
(2)
-
-
(1)
(3)
-
-
(3)
Total non-recurring expenses/(income) (B)
5
40
20
5
70
22
9
101
Adjusted EBITDA (A+B)
270
77
139
1
487
160
-
647
