Investor Presentaiton
Reconciliation of adjusted earnings
€m
2023
reported
Items excluded
from adjusted
performance
2023
adjusted
2022
reported
Items excluded
from adjusted
performance
2022
adjusted
EBITA¹
378
409
372
11
384
Amortisation
(44)
44
(29)
29
Net financial expenses
(101)
(92)
(73)
7
(66)
Profit before tax
233
317
270
47
318
Income tax
(62)
(76)
(104)
24
(80)
Profit after tax
171
241
167
70
237
-
Non-controlling interest
7
7
11
11
Profit attributable to
165
235
156
70
226
shareholders
Shares outstanding²
47.1
0.0
47.1
47
47
Earnings per share
3.50
0.00
4.98
3.31
1.51
4.82
(€ per share)
1. EBITA reconciled to revenue above.
2.
3.
Total issued and outstanding share capital as at 31 December 2023 was 47,130,338. The Company held 2,347,367 ordinary shares in treasury. The weighted
average number of shares used for calculating basic earnings per share in FY 2023 is 47,078,254.
Numbers may not cast due to rounding.
Investor Presentation | March 2024
RHI MAGNESITA
• Items excluded from adjusted EPS:
- €20 million non-recurring
restructuring cost and write-down
expenses
€8 million M&A integration costs
€4 million Board response to
Rhône Capital
■ €44 million amortisation of
intangible assets
■ €9 million non-cash other net
financial expenses
48
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