EURONEXT_Registration_Document_2017
SELECTED HISTORICAL CONSOLIDATED FINANCIAL INFORMATION AND OTHER FINANCIAL INFORMATION 3
OTHER FINANCIAL INFORMATION Non-IFRS financial measure
Euronext uses the following non-IFRS measures as supplemental measures since it believes they provide meaningful supplemental information regarding its financial and operational performance. These measures should not be used instead of, or considered as alternatives to operating result or any other performance measure derived in accordance with IFRS: EBITDA; EBITDA margin. Non-IFRS measures are not prepared in accordance with IFRS and may be different from, and not comparable to, similarly titled measures reported by other companies. These measures should be read in conjunction with the Consolidated Financial Statements: EBITDA is defined as the operating profit before exceptional items and depreciation and amortization; EBITDA margin is defined as the operating profit before exceptional items and depreciation and amortisation, divided by total revenue.
Reconciliation of EBITDA and EBITDA Margin
YEAR ENDED
31 DECEMBER 2017
31 DECEMBER 2016 31 DECEMBER 2015
In thousands of euros (except for percentages)
Operating profit before exceptional items
280,850
268,806
266,771
Depreciation and amortization
16,932
15,088
17,071
Operating profit before exceptional items and depreciation and amortisation (EBITDA)
297,782
283,894
283,842
TOTAL REVENUE
532,294
496,436
518,547
EBITDA margin (a) 55% (a) EBITDA margin is a non-IFRS measure and is not audited. EBITDA margin should not be considered as an alternative to, or more meaningful than, and should be read in conjunction with, operating profit before exceptional items. 56% 57%
Adjusted EPS definition
YEAR ENDED
31 DECEMBER 2017
31 DECEMBER 2016
In €m and EPS in €/share
NET INCOME REPORTED
241.3
197.0
EPS REPORTED
3.47
2.83
Intangible assets related to acquisitions (PPA,…)
- 2.40
Exceptional items
- 14.8
- 10.0
Capital gains or losses
40.6
-
Tax related to those items
2.7
1.9
ADJUSTED FOR INTANGIBLE ASSETS RELATED TO ACQUISITIONS, CAPITAL GAINS OR LOSSES AND EXCEPTIONAL ITEMS, INCL. TAX ADJ. NET INCOME
215.2
205.2
ADJ. EPS
3.09
2.95
88
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2017 REGISTRATION DOCUMENT
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