Investor Relations

	31/12/2021	31/12/2020
(Value in €/k) Net revenues	1.604.255	1.294.363
EBITDA*	379.758 23,7%	294.055 22,7%
EBIT	295.368 18,4%	207.659 16,0%
Consolidated net profit	198.603 12,4%	173.271 13,4%
EPS	1,837	1,596
ROCE	15,5 %	14,0 %
ROE	15,0 %	15,1 %

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* Since EBITDA is not identified as accounting measure in the context of the Italian accounting principles nor in the context of the international accounting standards (IAS/IFRS), the quantitative determination of EBITDA may not be unequivocal. EBITDA is a parameter used by company management to monitor and assess the organisation's operating performance. The management considers EBITDA to be a significant parameter for assessment of the company's performance since it is not influenced by the effects of the different criteria used to determine taxable income, amount and characteristics of capital employed and the related amortization policies. The criterion for the determination of EBITDA applied by the company may differ from that used by other companies/groups and hence the value of this parameter may not be directly comparable with the EBITDA values disclosed by other entities.