axélero’s key numbers

(€ millions) FY 2015 FY 2014 FY 2013
Value of production 20.04 9.86 9.01
EBITDA Adj* 5.92 5.02 4.20
EBIT 1.68 3.27 2.52
Pre-tax profit 1.55 3.17 2.43
Net Profit 1.23 1.91 1.39
Shareholders’ Equity 24.90 23.73 2.72
Net Financial Position** 15.64 17.73 -0.38

* Adjusted EBITDA concerns EBITDA before non-recurring costs in 2015. In 2014, EBITDA and Adjusted EBITDA co-incided as non-recurring costs (mainly listing costs) were capitalised.
** The Net Financial Position, where positive, indicates a position of liquidity and therefore not of financial debt.

Half-Year Report 2015

The H1 2015 results demonstrate axélero’s fast growth trajectory.
The comparison with H1 2014 highlights:

VALUE OF PRODUCTION: +64.4%
EBITDA: +34.7%
EBIT: +40.1%
NET PROFIT: +111.0%

and significant operating margins:

EBITDA MARGIN: 37.4%

with solid capital backing:

NET FINANCIAL POSITION*: +Euro 15.6 million

* The Net Financial Position, where positive, indicates a position of liquidity and therefore not of financial debt.