Profile and key figures

Economic revenue reflects the Group’s operational and managerial reality. It corresponds to consolidated revenue plus the Group’s share of revenue from joint ventures based on the ownership percentage in each: BPO (50%) and YFPO (50%) for Plastic Omnium Industries and SHB Automotive Modules (33%) for Plastic Omnium Modules.

Consolidated revenue does not include the share of revenue from joint ventures, which are accounted for under the equity method in application of IFRS 10, 11 and 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 correspond to acquisitions of property, plant and equipment and intangible assets, net of disposals, the net change in advances for fixed assets or suppliers of fixed assets and investment subsidies received: see the cash flow statement in section 5.2.5, line E of part II. (Universal Registration Document 2019)

Free cash flow corresponds to operating cash flow less tangible and intangible investments net of disposals, taxes and net interest paid, plus or minus the change in working capital requirement (cash surplus from operations): see cash flow statement on page 172, line "Cash surplus from operations.” (Universal Registration Document 2019)

Net 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 (see Note 5.1.11 to the balance sheet on page 208). (Universal Registration Document 2019)

Shareholders’ equity includes operating grants.

EBITDA corresponds to the operating margin plus the share of profit or loss of associates and joint ventures, before depreciation and operating provisions (see Notes 4.2 and 4.4 to the consolidated financial statements). (Universal Registration Document 2019)