703 KB - Luxottica
703 KB - Luxottica
703 KB - Luxottica
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Non-US GAAP Measures:<br />
Net debt and net debt/EBITDA<br />
Millions of Euro<br />
Dec. 31, 2008 Dec. 31, 2007<br />
Long-term debt<br />
(+)<br />
Current portion of long-term debt<br />
(+)<br />
Bank overdrafts<br />
(+)<br />
Cash<br />
(-)<br />
Net debt<br />
(=)<br />
EBITDA<br />
2,519.3 1,926.5<br />
286.2 792.6<br />
432.5 455.6<br />
(288.5) (302.9)<br />
2,949.5 2,871.8<br />
1,014.7 1,066.1<br />
Net debt/EBITDA<br />
2.9x 2.7x<br />
Net debt @ avg. exchange rates (1)<br />
Net debt (1) /EBITDA<br />
2,821.2 3,010.3<br />
2.8x 2.8x<br />
(1) Calculated using the 12-month average exchange rate as of December 31, 2008 and December 31, 2007, respectively<br />
Winning through the cycle<br />
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