ebit
Speech parts
1. ebit - Noun
2. ebit - Symbol
Meaning
a unit of information equal to 1000 petabits or 10^18 bits
Source: WordNetSynonyms
Hypernyms
Anagrams
Examples
Adjusted EBIT, which excludes these charges, was $7.3 million in the fiscal 2020 fourth quarter, a decline of 72.0% compared to adjusted EBIT of $26.2 million in fiscal 2019.
As anticipated, the investments in digitization, R&D, regulatory compliance and strengthened management structures, which had already been planned at the time of the acquisition, led to this EBIT and will temporarily reduce profitability.
Adjusted EBIT is used to calculate ROCE.
If we were to adjust for these deliberate long-term investments of – in some five percentage points EBIT margin or around EUR 350 million per year, during this transition period, our pro forma margin would already amount to 7% to 9%.
Adjusted EBITDA remained at the same level as 2007, while adjusted profit from operations (EBIT) increased more than fivefold year-on-year, from EUR 12 million to EUR 61 million.
Earnings before interest and tax before significant items fell 11.7 per cent to $219 million and the company is expecting annual ebit between $515 million and $565 million compared with adjusted ebit of $549 million the previous year.