

INCOME STATEMENT
€ MLN | 2019 | 2018 | 2017 | 2016 |
---|---|---|---|---|
Reveneus | 3,338.4 | 3,646.6 | 3,527.2 | 2,435.4 |
EBITDA | 209.9** | 205.7 | 189.8* | 160.0 |
EBITDA% | 7,1% | 5.6% | 5.4% | 6.6% |
EBIT | 188.9** | 185.5 | 168.7** | 152.6 |
Net Income | 115.1** | 110.6 | 89.8*** | 85.3 |
* Restated by retroactively applying IFRS 15 standards to the 2017 financial data.
** Restated excluding the application of the IFRS 16 standards.
*** Restated as per Note * and excluding a positive one-off impact of Euro 28.3 million (pre-tax) from derivates related to the Convertible Bond.
BALANCE SHEET
€ MLN | 2019 | 2018 | 2017 | 2016 |
---|---|---|---|---|
Net Invested Capital | (370.0) | (248.8) | (175.8) | (227.5) |
Net Cash/(Net Debt)* | 78.9 | 93.8 | 108.0 | (42.8) |
Total Shareholders' Equity | 448.9 | 342.6 | 283.8 | 184.7 |
Group Shareholders' Equity | 408.5 | 309.6 | 262.0 | 169.6 |
* Excluding Non-Recourse Project Financing (€36.3m at 31/12/18, €59.4m at 31/12/2019), including an amount to be recovered in India (€16.2m at 31/12/18, and €16.6m at 31/12/2019), excluding trade receivables equivalent to a financial credit for €38.3m in December 2019 and Financial Leasing liabilities - IFRS 16 for €150.1m in December 2019. December 2019 number pre-IFRS 16 impact.