Alternative
performance measures
In addition to the indicators defined in the International Financial Reporting Standards (IFRS), financial statements by TX Group also include metrics that are derived from or based on the published results. These are referred to as alternative performance measures. TX Group believes that alternative performance measures offer useful additional information to investors and other parties who read the financial reports. The Group uses them for the purposes of financial management and control. Therefore, alternative performance measures should be regarded as a supplement and not as a substitute for the information prepared in accordance with IFRS.
With regard to the requirements of the SIX Exchange Regulation directive on the use of alternative performance measures, TX Group provides an overview and definitions of the alternative performance measures used.
Operating income/(loss) before depreciation and amortisation (EBITDA)/EBITDA margin
Revenues less operating expense (cost of material and services; personnel expense; other operating expense) and the share of net result of associates/joint ventures. The EBITDA margin is equal to the share of EBITDA in revenues.
Cash flow after investing activities in property, plant and equipment and intangible assets (FCF b. M&A)
Cash flow from/(used in) operating activities less the cash flow for investments in property, plant and equipment and intangible assets, plus the cash flow from the sale of property, plant and equipment and intangible assets.
Normalised consolidated income statement (key figures in the normalised consolidated income statement are referred to as adjusted, e.g. EBIT adj.)
The normalised consolidated income statement is derived from the consolidated income statement produced in accordance with IFRS, with one-off effects included or omitted, and presented in the form of a reconciliation statement. The main normalisation effects (reconciliation items) are explained in detail. The main key figures in the normalised consolidated income statement are shown as adjusted, e.g. EBIT (adj.).
The figures shown are rounded in both text and tables. As the calculations are made with a high level of numerical accuracy, it is possible that small rounding differences may occur.