Earnings before interest, taxes and amortization of product know-how (EBITA) rose 12% to €101 million (previous year: €90 million). The EBITA margin thus improved by 0.2 percentage points to 8.5% (previous year: 8.3%).
The Group generated a profit for the period of €61 million, equivalent to a rise of 24% or €12 million on the previous year’s figure of €49 million. The profit for the period before carve-out expenses climbed 22% to €66 million (previous year €54 million).
|
Reconciliation of Result from Business Operations (EBITDA). |
€m | |
|
|
6 months |
6 months |
|
Profit for the period |
61 |
49 |
|
+ Income taxes |
27 |
28 |
|
+ Financial result |
6 |
5 |
|
+ Amortization of product know-how (exceptional item) |
7 |
8 |
|
EBITA before amortization of product know-how |
101 |
90 |
|
+ Amortization/Depreciation of property rights, licenses and property, plant and equipment |
21 |
20 |
|
+ Write-down of reworkable service parts |
1 |
2 |
|
EBITDA before amortization of product know-how |
123 |
112 |
