Consolidated Financial Statements >
Directors’ Report
26
| 2012 annual report prysmian group
KEY FINANCIALS
(*)
Amounts in millions of Euro – Percentages on sales
SALES
ADJ. NET PROFIT
(4)
ADJ. OPERATING INCOME
(3)
NET FINANCIAL POSITION
ADJ. EBITDA
(2)
NET OPERATING
WORKING CAPITAL
(5)
1) Organic growth: growth net of changes in the group structure, in metal prices and exchange rates. 2012 organic growth is calculated on 2011 pro-forma sales.
2) Adjusted EBITDA is defined as EBITDA before non-recurring income/(expenses).
3) Adjusted Operating Income is defined as Operating Income before non-recurring income/(expenses) and the fair value change in derivatives and in other fair value
items.
4) Adjusted Net Profit is defined as net profit/(loss) before non-recurring income/(expenses), the effect of derivatives and of other fair value items, exchange rate
differences and the related tax effects.
5) Net Operating Working Capital means Net Working Capital excluding the effect of derivatives. The percentage is calculated as Net Working Capital/Annualised
last-quarter sales.
(*) Draka consolidated from 1 March 2011.
