Profitable Growth mid-term outlook Q3 2023
September 2023 YTD | Net Results
€m
YTD
2023
YTD
2022
%
23 vs. 22
Highlights YtD Sept 2023
IFRS EBITDA includes negative effect from the
incentive plans valuation as well as consultancy
and restructuring costs. Q3 2022 included the
effects of the provision for investigation
started in July 2022.
Net Financial Result YTD September was
impacted by the devaluation of the fair value of
the investment held in Destination Italia Spa,
net negative interests and negative effects
from the conversion of balances in a currency
different from EUR
In only 9 months the Group had a double digit
positive result while in 2022 the bottom line
was heavily impacted by the provision for the
investigation.
Adjusted EBITDA
37.4
32.4
+16%
Incentive Plans
(2.7)
7.6
n.a.
Consultancy, Restructuring & Other
(3.8)
(32.0)
(88%)
IFRS EBITDA
31.0
8.0
+287%
Depreciation & Amortization
(12.9)
(10.7)
+21%
IFRS EBIT
18.0
(2.7)
n.a.
Net Financial Result
(2.8)
(3.1)
(11%)
Taxes
Net Result
(5.1)
1.7
n.a.
10.1
(4.1)
n.a.
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