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Interim results

USD MLN1Q 20181Q 2017
Cost of Sales (564)(415)
Gross Profit397340
Gross Profit Margin41%45%
Operating Profit160162
Net Profit121208
EBITDA Margin*26%29%


USD mln31.03.201831.12.2017
Working capital790714
Cash and cash equivalents6847
Total debt2,1652,130
Total assets4,4644,369
Total Equity1,7941,706
Net Debt/EBITDA***2.272.34

*- adjusted

**- including taxes

***- adjusted and annualized

EBITDA is calculated as operating profit adjusted for depreciation and amortisation.
Adjusted EBITDA is defined as EBITDA adjusted to exclude items in the reporting period that the Company views as exceptional and non-recurring.

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