Amortization, depreciation, provisions and impairment
Operating Income %
Financial charges, net and gains/losses from investments
Income before taxes
(1) EBITDA represents operating income before amortisation, depreciation, allocations, impairment and non-recurring costs. Identified in this way EBITDA is not an IFRS accounting measure and accordingly the criterion used by the Poltrona Frau Group to calculate this item is not necessarily the same as that used by other companies and is therefore not comparable.