(€/m)FY 2018[1]FY 2017[1]FY 2016FY 2015FY 2014FY 2013
Revenue from sales and services 891.1970.1[2]1,263.31,123.21,169.5 1,275.8
Cost of goods sold 271.4302.4396.4434.7480.1 548.8
Variable costs 300.9330.9415.4287.7272.5252.2
Fixed costs 69.181.3102.4116.8129.1192.6
Personnel cost 159.5171.0240.7207.7222.2240.0
Other expenses / (income) –0.53.0(2.4)(7.8)
Adjusted EBITDA 90.184.5109.072.767.948.1
Restructuring costs 11.75.110.812.76.550.4
Negative / (positive) non recurring items 0.9(7.31)3.7(21.2)(10.1)11.5
EBITDA 77.586.794.081.671.5(12.8)
Depreciation and amortization 26.226.334.027.123.3170.2
EBIT 51.261.560.054.548.2(183.1)
Net financial 2.97.017.716.023.024.2
Associates 13.24.0(0.5)0.30.11.0
Other charges / (income) from associates –0.1
Pre-tax result 35.249.542.338.325.2 (207.3)
Income taxes 14.922.318.020.516.7(23.8)
Result from continuing operations 20.327.224.317.88.4 (183.5)
Result from discontinued operations (195.5)5.81.0(8.7)(4.7)
Minorities 2.02.52.72.73.11.9
Net result (177.1)30.422.56.40.6(185.4)
Net earnings per share (in euro units) (0.677)0.1160.0860.0240.0020.801
Diluted net earnings per share (in euro units) (0.677)0.1160.0860.0240.0020.801

[1] Data presented in accordance with IFRS5, with Mondadori France discontinuing
[2] Data reclassified according to IFRS15

(€/m)1H19[1]1Q19[1]FY18[1]9M18[1]1H18[1]1Q18[1]FY17[1]9M17[1]1H171Q17FY169M161H161Q16FY159M151H15
Revenue from sales and services380.0 166.8 891.1658.1390.8177.7970.1[2]707.1573.1271.61,263.3935.3562.6254.81,123.2817.1
Cost of goods sold 121.7 57.5 271.4201.3124.958.9302.4213.7151.071.9396.4293.3176.4101.6434.7316.6
Variable costs 128.0 53.6 300.9221.4133.059.8330.9245.9231.6111.1415.4316.2193.061.1287.7177.0
Fixed costs 28.9 14.6 69.151.928.515.081.359.648.928.5102.471.950.128.7116.8114.8
Personnel cost 79.3 39.4 159.5120.785.043.2171.0127.1119.560.9240.7175.7118.053.3207.7159.8
Other expenses / (income) 0.2 (0.1) –(0.6)(0.2)(2.8)(4.8)0.52.0(1.8)(0.8)3.0(0.7)
EBITDA adjusted 21.8[3] 1.7[3] 90.162.819.91.084.560.822.24.0108.576.126.710.173.048.0
Restructuring costs 1.1 0.6 11.76.05.43.25.12.22.91.410.83.92.41.612.76.6
Negative / (positive) non recurring items 0.1 – 0.93.83.10.1(7.3)(4.6)8.20.33.72.01.8(21.2)(7.4)
EBITDA 20.6[3] 1.1[3] 77.553.011.4(2.4)86.763.227.62.394.070.322.58.581.648.8
Depreciation and amortization 11.1 4.7 26.215.510.25.026.315.416.08.034.022.314.05.427.118.8
IFRS16 amortisation 7.4 3.6 – – 7.2 – – – – – – – – – – –
EBIT 2.1[3] (7.2)[3] 51.237.5(5.9)(10.9)60.447.811.5(5.6)60.048.08.53.154.530.0
Net financial 0.7 (0.1) 2.92.12.10.67.04.97.13.417.712.77.93.616.013.7
Associates 3.0 0.3 13.29.98.20.34.02.2(0.3)0.5(0.5)0.20.70.31.6
Other charges / (income) from associates – 1.8 –2.80.10.1
Pre-tax result (1.6) (9.2) 35.225.6(16.1)(14.6)49.540.84.1(1.7)42.360.70.6(0.5)38.316.1
Income taxes 3.0 (1.4) 14.99.8(2.5)(1.9)22.315.3(1.6)(1.0)18.016.23.10.920.57.7
Result from continuing operations (4.6) (7.8) 20.315.8(13.6)(12.7)27.225.55.7(0.7)24.344.5(2.5)(1.4)17.88.4
Result from discontinued operations 3.9 4.9 (195.5)(195.7)2.2(0.1)5.87.71.00.7(8.7)(9.4)
Minorities 1.2 0.5 2.0 1.61.10.72.51.91.30.62.71.91.20.42.71.8
Net result (1.9)(12.5)

[1] Data presented in accordance with IFRS5, with Mondadori France discontinuing
[2] Data riclassified according IFRS15
[3] Data presented in accordance with IFRS16