Data and Financial Statements

ECONOMIC, CAPITAL AND FINANCIAL HIGHLIGHTS
	€/mln	€/mln	€/mln
	2017	2016	Changes	%
Operating Revenues	2.538	2.575	(37)	(1%)
Operating Costs	(2.058)	(2.218)	160	(7%)
EBITDA	480	357	123	34%
EBIT	293	215	78	36%
Profit of the year	262	181	81	45%
	31.12.2017	31.12.2016	Changes	%
Net Invested Capital	33.767	33.419	348	1%
Equity	33.364	33.148	216	0,01
Net Financial Debt	403	271	132	49%
Investments	4.421	4.230	191	5%
Total cash Flow	60	170	(110)	(65%)
MAIN ECONOMIC RATIOS
			2017	2016
EBITDA MARGIN			18,89%	13,89%
EBIT MARGIN			11,53%	8,39%
Payroll cost/Operating Revenues			56,95%	55,02%
as at 31 december 2017