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The Board of Directors of ERG S.p.A. approves the Half-Yearly Financial Report as at 30 June 2017

Consolidated recurring1 EBITDA: € 258 million , €273 million in the first half of 2016

Recurring2 Group net result: € 87 million, €74 million in the first half of 2016

Genoa, 10 August 2017 – At its meeting held yesterday, the Board of Directors of ERG S.p.A. approved the Half-Yearly Financial Report as at 30 June 2017. The figures for the second quarter, which are not subject to approval by the Board of Directors or to independent audit, are to be considered pro-forma numbers and are presented here for the sake of completeness and continuity of the information provided.

Consolidated financial results recurring

2nd Quarter

Performance highlights (million Euro)

1st Half

2017

2016

 

Var. %

 

2017

2016

Var. %

107

111

-3%

EBITDA

258

273

-6%

43

46

-7%

EBIT

133

145

-8%

27

17

+59%

Group net result

87

74

+17%

 

 

30.06.17

31.12.16

Variation

Net financial debt (million Euro)

1,514

1,557

-43

Leverage3

46%

47%

 

 

1 Recurring results do not include inventory gains (losses) and non-recurring items.
2 Recurring Group net result does not include inventory gains (losses), non-recurring items or applicable theoretical taxes.
3 The ratio of total net financial debt (including project financing) to net invested capital.

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