Financial overview
| € million, except for % and per share measures | 2009 | 2008 | Change % |
|---|---|---|---|
| Group revenue | 5,257 | 6,345 | (17) |
| EBITDA 1 | 645 | 814 | (21) |
| Underlying operating profit 2 | 294 | 441 | (33) |
| Underlying profit before tax 3 | 182 | 284 | (36) |
| Reported profit/(loss) before tax 6 | 49 | (103) | 148 |
| Basic loss per share (€ cents) 4 | (6.5) | (41.6) | 84 |
| Underlying earnings per share (€ cents) 4 | 18.7 | 33.9 | (45) |
| Headline earnings per share (€ cents) 4 | 11.4 | 20.3 | (44) |
| Cash generated from operations | 867 | 795 | 9 |
| Net debt | 1,517 | 1,690 | 10 |
| Group ROCE 5 | 7.6% | 9.5% | (20) |
| Total dividend per share (€ cents) | 9.5 | 12.7 | (25) |
Notes:
- EBITDA is operating profit of subsidiaries and joint ventures before special items, depreciation and amortisation.
- Underlying operating profit is operating profit of subsidiaries and joint ventures before special items.
- Underlying profit before tax is reported profit before tax and before special items.
- The Group has presented underlying earnings per share to exclude the impact of special items, and headline earnings per share in accordance with circular 3/2009 ‘Headline Earnings’ as issued by the South African Institute of Chartered Accountants.
- Group return on capital employed (ROCE) is an annualised measure based on underlying operating profit plus share of associates net earnings divided by average trading capital employed before impairments and adjusted for major capital projects not yet commissioned.
- Profit/(loss) before tax is reported after special items of €133 million.
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[Page 3, Annual report and accounts 2009]
Annual report and accounts 2009 Mondi Group