Non-recurring Items

In the 2017 reporting period, the non-recurring items eliminated in the adjusted EBITDA as a whole came to € 46.3 million, down by 5.7 % on the prior-year value of € 49.1 million, mainly due to lower expenses for severance payments/pre-retirement part-time work arrangements. The acquisition and integration costs rose due to the takeover of conwert.

Non-recurring Items

in € million

 

H1 2017

 

H1 2016

 

Change in %

 

12M 2016

 

 

 

 

 

 

 

 

 

*

Including takeover costs and one-time expenses in connection with acquisitions, such as HR measures relating to the integration process. Figures for the previous year shown in line with the current reporting structure for 2017

Severance payments/pre-retirement part-time work arrangements

 

7.1

 

16.7

 

-57.5

 

23.5

Business model optimization/development of new fields of business

 

9.4

 

7.7

 

22.1

 

19.5

Acquisition costs incl. integration costs*

 

28.9

 

23.2

 

24.6

 

48.3

Refinancing and equity measures

 

0.9

 

1.5

 

-40.0

 

3.2

Total non-recurring items

 

46.3

 

49.1

 

-5.7

 

94.5