Economic data   2021 2020 restated (2) 2020
approved
Revenues thousands of Euro 348,981 275,539 286,034
EBITDA (1) thousands of Euro 31,741 (31,051) (26,561)
Operating Profit thousands of Euro (80,794) (134,814) (133,077)
Profit before taxes thousands of Euro (100,971) (164,074) (163,111)
Group Net Profit thousands of Euro (75,119) (128,576) (128,576)
Balance sheet data   2021   2020
Net capital employed thousands of Euro 810,772   857,962
Group Shareholders' equity thousands of Euro 155,906   231,208
Net debt thousands of Euro 654,835   626,726

 

(1) EBITDA is calculated as the difference between total revenues and total costs, excluding provisions and write-downs.

(2) Following the application of IFRS 5, the restated 2020 Income Statement does not include SEA Energia SpA’s earning results, which are shown under “Net income from assets held for sale”, As envisaged by IFRS 5 application methods, the figures in the statement of financial position for the comparative financial year as at 31 December 2020 do not show any distortions – due to the discontinuity in the consolidation of SEA Energia Spa – compared with those approved by the General Meeting on 29 July 2021.