With the exception of the session and persistent cookies required to ensure the website use safety and session cookies required for the purpose of age verification, we save cookies on your device only if you consent to it. By clicking the “Accept” button you agree to saving cookies on your device and using them for analytical purposes as well as in order to ensure the comfort of using the website.

To remember your choice regarding the acceptance or rejection of cookies we will save an additional cookie on your device for no longer than 1 year. By appropriately adjusting your browser settings you can delete the already saved cookies or block saving of new cookies. More information can be found in Stock Spirits Group Privacy Policy https://www.stockspirits.com/privacy_cookies.aspx

Skip to main content

Adjusted EBITDA

The Group defines Adjusted EBITDA as operating profit before depreciation and amortisation, exceptional items and the share of results of equity-accounted investees. The Group defines Adjusted EBITDA margin as Adjusted EBITDA as a percentage of revenue. Adjusted EBITDA, Adjusted EBITDA margin and Adjusted free cashflow conversion are supplemental measures of the Group’s performance and liquidity that are not required to be presented in accordance with IFRS.

The Directors use the Adjusted EBITDA and Adjusted free cashflow conversion as the performance measures of the business. They remove significant items that would otherwise distort comparability.

The use of these alternative performance measures is consistent with how institutional investors consider the performance of the Group. These measures are not defined in IFRS and thus may not be comparable to similarly titled measures by other companies.

  Year to 30 September 2019
€000
9 months to 30 September 2018
€000
Operating profit 42,217 28,216
Exceptional expense 11,693 -
Share of results of equity-accounted investees, net of tax 536 166
  54,446 28,382
Depreciation and amortisation (note 11) 8,771 7,466
Adjusted EBITDA 63,217 35,848
Adjusted EBITDA margin 20.2% 18.5%