ACEA announced earnings results for the full year of fiscal 2017. For the year, the company announced consolidated revenues amounting to EUR 2.797 billion, they are slightly going down, minus 1.2% versus the previous year. If look at the adjusted data, revenues are growing by 2.8%. EBITDA was EUR 840 million, which appears to be down by 6.3% versus 2016. EBIT was EUR 359.9 million, a reduction by 31.6%. The group net profit was EUR 180.7 million minus 31% versus 2016. If take the net profit adjusted for 2017, it goes up by 1.9% versus 2016. In 2017, the company produced a free cash flow of EUR 61 million. Capital expenditure was EUR 532 million. Net debt amounted to EUR 2,421,000,000.

The company provided earnings guidance for the full year of fiscal 2018. For the year, the company expects EBITDA to grow between 3% and 5% versus 2017. The company announced 2018, of course, starts with the results of 2017. Capital expenditure is going to grow gradually. As far as the net debt is concerned, here, it gives a range for 2018, EUR 2.6 billion, EUR 2.7 billion, which is in line with capital expenditure.