Profile and key figures

Economic revenue corresponds to consolidated revenue plus revenue from investments, by controlled subsidiaries, in joint ventures and associates consolidated at their percentage holding: BPO (50%) and YFPO (50%) for Exterior & Lighting, EKPO (40%) for Powertrain and SHB (50%) for Modules.

Consolidated revenue does not include the Group’s share of revenue from joint ventures, consolidated using the equity method, in accordance with IFRS 10-11-12.

Operating margin includes the share of profit or loss from companies accounted for under the equity method and amortization of acquired intangible assets, before other operating income and expenses.

Capital and project investments comprise expenditure on property, plant and equipment and intangible assets, net of disposals.

Free cash flow corresponds to operating cash flow less expenditure on property, plant and equipment and intangible assets net of disposals, taxes and net interest paid, plus or minus the change in the working capital requirement.

Net financial debt includes all long-term borrowings, short-term loans, and bank overdrafts less loans, marketable debt instruments and other non-current financial assets, and cash and cash equivalents.

Shareholders’ equity includes operating grants.

EBITDA corresponds to operating income, which includes the Group’s share of income from associates and joint ventures, before depreciation, amortization, and operating provisions.