Adjusted Ebitda, excluding one-off costs, rose by 64.0% to €155.7m in 2017 compared with €95m in 2016, while Ebit soared by 80.3% to €112.6m compared with €62.4 million a year earlier. Italo-NTV managed to reduce amortisation and depreciation charges by 9.4% from €32.5m in 2016 to €29.5m in 2017.
Earnings before tax (EBT) increased by 13.3% from €48m in 2016 to €54.4m last year. “EBT includes net financial expenses, including interest income and expense, of €58.1m in 2017, an increase of 303.4% compared with €14.4m in 2016, mainly due to one-off charges of €42.3m connected with the refinancing of our debt,” Italo-NTV says. After-tax profit for 2017 was €33.8m compared with €32.7m in 2016.
As a result, the Italo-NTV Board has proposed a dividend of €30m payable in July.