Tiscali 2014 Annual Report Download - page 23
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Annual financial report as at 31 December 2014
Date
File Name
Status
Page
-
Annual Report as at 31
December 2014
23
The effect of the above led to an Adjusted Gross Operating Result (EBITDA), before provisions for
risks, write-downs and amortisation/depreciation, totalling EUR 49.1 million (23.1% of revenues). This
balance was down with respect to 2013, amounting to EUR 67.1 million.
The Gross operating result (EBITDA), net of write-downs of receivables and other provisions came to
EUR 38.8 million in 2014 (18.3% of revenues), a decrease of 25.9% on the figure for 2013 (EUR 52.4
million, 23.5% of revenues).
The write-down of receivables and other provisions in 2014 totalled EUR 10.3 million (EUR 14.6
million in the same period of 2013).
Amortisation/depreciation came to EUR 36.4 million (EUR 39.8 million in the same period of 2013).
The operating result (EBIT) for 2014, net of provisions, write-downs and restructuring costs, was a loss
of EUR 0.3 million (0.1% of revenues), with respect to the balance in 2013, a profit of EUR 9.3 million.
The Group’s net result was a loss of EUR 16.4 million, compared with a loss in 2013 of EUR 4.8
million.