In the period January to June 2025, adjustments amounting to EUR 5.1 million (H1 2024: EUR 0.2 million) were made within EBITDA (earnings before interest, taxes, depreciation of property, plant and equipment and amortization of intangible assets). These include expenses related to the preparation of the planned sale of the Water Management business (EUR 2.2 million) and special expenses for initiating the global transformation of the organization from 2025 (EUR 2.9 million). Within EBITA, depreciation of property, plant and equipment from purchase price allocations amounted to EUR 0.4 million in the first half of 2025 (H1 2024: EUR 0.4 million). Within EBIT, amortization of intangible assets from purchase price allocations amounting to EUR 6.8 million (H1 2024: EUR 10.3 million) were adjusted.
Fictitious income taxes resulting from the adjustments are calculated using the tax rates of the local companies concerned and considered in the adjusted result after taxes.
The adjusted figures are shown below. Further information on the unadjusted figures can be found in the CONDENSED NOTES.
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Adjustments 1
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T011
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EUR million
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H1 2025 reported
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Total adjustments
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H1 2025 adjusted
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Group sales
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574.6
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574.6
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Change in inventories of finished goods and work in progress
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1.7
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1.7
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Other own work capitalized
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3.1
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3.1
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Cost of materials
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-246.5
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0.1
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-246.4
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Gross profit
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332.8
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0.1
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332.9
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Other operating income and expenses
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-95.5
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4.0
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-91.5
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Employee benefits expenses
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-178.1
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1.1
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-177.0
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EBITDA
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59.2
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5.1
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64.3
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Depreciation
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-28.7
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0.4
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-28.3
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EBITA
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30.5
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5.5
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36.0
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Amortization of intangible assets
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-9.1
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6.8
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-2.3
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Operating profit (EBIT)
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21.4
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12.3
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33.7
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Financial result
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-9.3
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-9.3
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Earnings before income taxes
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12.1
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12.3
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24.4
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Income taxes
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-10.8
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-3.2
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-14.1
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Profit for the period
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1.3
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9.1
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10.3
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Non-controlling interests
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0.0
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0.0
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Profit for the period attributable to shareholders of the parent company
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1.2
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9.1
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10.3
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Earnings per share
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0.04
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0.28
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0.32
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1_Deviations in decimal places can occur due to commercial rounding.
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Legend
These contents are part of the Non-financial Group Report and were subject to a separate limited assurance examination.