Reconciliation of adjusted net income

(in € million)

 

2019

 

2018

Source: Company information

Profit/(loss) for the period

 

106.9

 

(83.9)

Non-cash foreign exchange impact of non-functional currency loans and realised foreign exchange impact due to refinancing

 

(1.2)

 

(58.8)

Amortisation of transaction costs

 

2.8

 

11.0

Net change in fair value of derivatives

 

1.5

 

7.4

Net effect of early redemption of notes

 

 

82.5

Net effect of early repayment of term loans

 

 

56.3

PPA depreciation and amortisation

 

136.5

 

140.1

Adjustments to EBITDA:

 

 

 

 

Replacement of share of profit or loss of joint ventures with cash dividends received from joint ventures

 

5.3

 

14.8

Restructuring costs, net of reversals

 

1.8

 

4.3

Unrealised (gain)/loss on derivatives

 

(10.1)

 

23.1

Transaction- and acquisition-related costs

 

4.3

 

19.7

Other

 

4.4

 

4.5

Tax effect on above items

 

(34.8)

 

(72.1)

Adjusted net income

 

217.4

 

148.9