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Halfyear results 2009

Income statement
(in million euro) June 30, 09 June 30, 08 Change
  6M 6M  
Revenue 92.897 118.7 -21.74%
EBIT 6.65 13.092 -49.21%
Cash flow from operations (EBITDA) 1 8.735 15.4 -43.28%
Financial result -1.929 -1.494 29.12%
Profit before taxes 4.721 11.598 -59.29%
Taxes -1.323 -3.255 -59.35%
Net income continuing operations 3.398 8.343 -59.27%
(Group share in the profit) -0.033 -0.081 -59.26%
Net cash flow 2 3.397 8.262 -58.88%
       
       
Balance sheet       
(in million euro) June 30, 09 June 30, 08 Change
  6M 6M  
Equity 47.6763 46.542 13.55%
Net financial debt 18.2 28.052 -11.39%
Total assets 147.763 162.963 0.46%
       
Non-audited consolidated key figures per share      
(in euro) June 30, 09 June 30, 08  Change
  6M 6M  
Cash flow from operations (EBITDA) 1 1.09 1.87 66.48%
Profit before taxes 0.59 1.41 73.17%
Net income (Group share in the profit) 0.42 1.01 75.86%
Net cash flow 2 0.68 1.28 78.08%
Equity 5.93 5.47 13.72%
Number of shares (end of period) 8039842 8180072 -0.19%
Number of shares (average) 8039842 8248816 -1.03%
       

1 EBITDA = earnings before interest, taxes, depreciation and amortization;  This is operating profit plus depreciation and amounts written off on stocks, trade debtors and provisions for liabilities and charges
2 The net cash flow is the net income (Group share in the profit) excluding depreciation, amounts written off on stocks, trade debtors and provisions for liabilities and charges.