INVESTORS
KEY METRICS
| €M, except as otherwise stated | For the years ended December 31, | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
| Shipments (units) | 13,752 | 13,663 | 13,221 | 11,155 | 9,119 | 10,131 | 9,251 | 8,398 | 8,014 | 7,664 |
| Net revenues | 6,677 | 5,970 | 5,095 | 4,271 | 3,460 | 3,766 | 3,420 | 3,417 | 3,105 | 2,854 |
| Adjusted EBITDA(1) | 2,555 | 2,279 | 1,773 | 1,531 | 1,143 | 1,269 | 1,114 | 1,036 | 880 | 748 |
| Adjusted EBITDA margin (%)(1) |
38.3% | 38.2% | 34.8% | 35.9% | 33.0% | 33.7% | 32.6% | 30.3% | 28.3% | 26.2% |
| Adjusted Operating profit (EBIT)(1) | 1,888 | 1,617 | 1,227 | 1,075 | 716 | 917 | 825 | 775 | 632 | 473 |
| Adjusted Operating profit (EBIT) margin (%)(1) | 28.3% | 27.1% | 24.1% | 25.2% | 20.7% | 24.4% | 24.1% | 22.7% | 20.4% | 16.6% |
| Net profit | 1,526 | 1,257 | 939 | 833 | 609 | 699 | 787 | 537 | 400 | 290 |
| Adjusted Net profit(1) | 1,526 | 1,257 | 939 | 833 | 534(2) | 699 | 645 | 537 | 425 | 310 |
| Basic earnings per common share (€) |
8.47 | 6.91 | 5.11 | 4.50 | 3.29 | 3.73 | 4.16 | 2.83 | 2.11 | 1.52 |
|
Diluted earnings |
8.46 | 6.90 | 5.09 | 4.50 | 3.28 | 3.71 | 4.14 | 2.82 | 2.11 | 1.52 |
| Adj. basic earnings per common share (€)(1) |
8.47 | 6.91 | 5.11 | 4.50 | 2.88(2) | 3.73 | 3.41 | 2.83 | 2.25 | 1.63 |
|
Adj. diluted earnings |
8.46 | 6.90 | 5.09 | 4.50 | 2.88(2) | 3.71 | 3.40 | 2.82 | 2.24 | 1.63 |
| Free Cash Flow from Industrial Activities(1) | 1,027 | 932 | 758 | 642 | 172 | 675 | 375 | 308 | 280 | 429 |
| Net industrial debt(1)(3) | 180 | 99 | 207 | 297 | 543 | 337 | 370 | 508 | 690 | 797 |
| Financial Leverage on Net industrial debt(4) | 0.1x | ~0.0x | 0.1x | 0.2x | 0.5x | 0.3x | 0.3x | 0.5x | 0.8x | 1.1x |
Note
Certain totals in the tables included in this page may not add due to rounding
Please refer to the latest Annual Report and Form 20-F for complete notes
(1) Reconciliations to non-gaap financial measures are provided in the financial documents available in "Results" section
(2) Net of a tax benefit, with no cash impact on 2020, from the one-off partial step-up of the trademark’s book value in accordance with the Italian tax regulations
(3) Net industrial debt referred to FY 2018, 2017, 2016 were restated to reflect the new definition of Net industrial debt adopted in 2019
(4) The financial leverage is calculated as the ratio between Net industrial debt and Adjusted EBITDA. Please refer to the Results presentation documents available in "Results" section.