Debt Structure
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|
Millions of Euro |
June 30, 2011 |
Sept 30, 2011 |
∆ |
|---|---|---|---|
| Net US$ debt(1) | -1,676 | -1,604 |
72 |
| Net € debt(1) | -959 | -892 | 67 |
| Translation adj. | -89 | ||
|
€ 1 = US$ |
1.4453 | 1.3503 | |
| Net debt(1) (€) | -2.118 | -2,078 | 40 |
| Net debt/EBITDA(1)(2) | 1.9x | 1.9x | |
| Net debt/EBITDA(1) (2) (3) excluding exchange rate effect |
2.0x | 1.8x |
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(1) Free cash flow, EBITDA, net debt and net debt/EBITDA are non-IAS/IFRS measures. For additional disclosure regarding non-IAS/IFRS measures and a reconciliation to IAS/IFRS measures, see Appendix on the 3Q 2011 presentation.
(2) EBITDA as of Dec. 31, 2010 excludes impairment.
(3) Net debt figures are calculated using the average exchange rates used to calculated EBITDA figures.
Last update: 26 OCTOBER 2011
