程阳：Lottomatica 2008 Year Report

3/5/09 2008 Financial Results PDF 

3/5/09 2008 Earnings results  PDF 

           [1] 08 revenues as reported include €137.6M net acquisitions impact.

          [2] 2EBITDA represents operating income plus depreciation, amortization and write-downs and other non-cash items. EBITDA is considered an alternative performance measure that is not a defined measure under International Financial Reporting Standards (“IFRS”) and may not take into account the recognition, measurement and presentation requirements associated with IFRS. We believe that EBITDA assists in explaining trends in our operating performance, provides useful information about our ability to incur and service indebtedness and is a commonly used measure of performance by securities analysts and investors in the gaming industry. EBITDA should not be considered as an alternative to operating income as an indicator of our performance or to cash flows as a measure of our liquidity. As we define it, EBITDA may not be comparable to other similarly titled measures used by other companies.

          [3]  $/€ FX average: 1.38 in Full Year ’07; 1.47 in Full Year ’08.

          [4]  Excludes €104.8M of one-time non-cash impairment and other charges.