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Adjusted EBIT and Adjusted EBITDA

The Group defines adjusted EBIT as operating profit before exceptional items and non-recurring expenses, and adjusted EBITDA as operating profit before depreciation and amortisation, exceptional items and non-recurring expenses. Adjusted EBIT and adjusted EBITDA are supplemental measures of the Group’s performance and liquidity that are not required to be presented in accordance with IFRS.

  2016
€000
2015
€000
Operating profit 40,136 41,704
Non-recurring expenses* 185 1,016
     
Adjusted EBIT 40,321 42,720
     
Depreciation and amortisation (note 11) 11,224 11,004
     
Adjusted EBITDA 51,545 53,724
Adjusted EBITDA margin 19.8% 20.5%

* Non-recurring expenses relate to profits or losses on disposal and impairment of fixed assets, not meeting the criteria for categorisation as exceptional items.