Financial Highlights

  2010 2009 2008 2007
(in thousands of euros)        
Net revenues 404,5 304,1 244,6 202,3
Gross profit 284,7 213,6 160,6 129,3
Operating result (EBIT) 145,5 105,4 70,8 46,1
Net profit for the year 90,4 70,0 37,5 25,2
EBITDA* 167,1 122,6 85,6 60,0
         
Depreciation and amortization -21,6 -17,2 -14,8 -13,9
Capital expenditures -74,6 -27,5 -19,1 -15,6
Net invested capital 282,9 206,6 173,9 132,4
Net borrowings 33,1 11,2 -19,8 -12,1



* With regard to the income statement data provided above, please note that the Board of Directors defines EBITDA as the “result from operations” before amortization of intangibles and depreciation of property, plant and equipment. The Company uses EBITDA to monitor and assess the Group’s operating performance. EBITDA is not recognized as an accounting tool in the IFRSs and, consequently, should not be viewed as an alternative gauge to assess the Group’s operating performance. Because the composition of EBITDA is not governed by the reference accounting principles, the computation criterion used by the Group could be different from the criterion used by other operators and/or groups and, consequently, may not be comparable.