173 348
173
F.1
OPERATING SEGMENTS
(1) Sales of the operating segments and business areas are reported net of intercompany transactions and net of transactions between operating segments,
consistent with the presentation adopted in the regularly reviewed reports.
(2) This refers to the acquisition in November 2012 of Global Marine Systems Ltd (now renamed Prysmian PowerLink Services Ltd) from Global Marine
Systems Ltd.
The following tables present information by operating segment.
2014
Energy Products
Energy
Telecom Corporate
Total
Projects
Group
E&I Industrial
Other
Total
& NWC
Products
Sales
(1)
2,677
1,708
106
4,491
1,355
994
-
6,840
Adjusted EBITDA before share of net profit/(loss)
of equity-accounted companies
91
125
5
221
154
91
-
466
% of sales
3.4% 7.4%
4.9% 11.4%
9.1%
6.8%
Adjusted EBITDA (A)
108
126
5
239
154
116
-
509
% of sales
4.1% 7.4%
5.3% 11.3% 11.7%
7.4%
EBITDA (B)
90
121
(16)
195
195
116
(10)
496
% of sales
3.4% 7.1%
4.3% 14.4% 11.6%
7.2%
Amortisation and depreciation (C)
(34)
(26)
(2)
(62)
(40)
(42)
-
(144)
Adjusted operating income (A+C)
74
100
3
177
114
74
-
365
% of sales
2.8% 5.9% 2.8% 3.9% 8.4%
7.4%
5.3%
Fair value change in metal derivates (D)
7
Fair value stock options (E)
(3)
Impairment and impairment reversal of assets (F)
(18)
(25)
(1)
(44)
Operating income (B+C+D+E+F)
312
% of sales
4.5%
Finance costs
339
Finance income
(479)
Taxes
(57)
Net profit/(loss) for the year
115
% of sales
1.7%
Attributable to:
Owners of the parent
115
Non-controlling interests
-
Reconciliation of EBITDA to ADJUSTED EBITDA
EBITDA (A)
90
121
(16)
195
195
116
(10)
496
Non-recurring expenses/(income):
Company reorganisation
17
5
16
38
1
6
3
48
Antitrust
-
-
-
-
(31)
-
-
(31)
Environmental remediation and other costs
-
-
-
-
-
-
-
-
Effect of YOFC dilution
-
-
-
-
-
(8)
-
(8)
Gains on asset disposals
-
-
-
-
-
-
-
-
Acquisition price adjustment
(2)
-
-
-
-
(22)
-
-
(22)
Other net non-recurring expenses
1
-
5
6
11
2
7
26
Total non-recurring expenses/(income) (B)
18
5
21
44
(41)
-
10
13
Adjusted EBITDA (A+B)
108
126
5
239
154
116
-
509
(in millions of Euro)