<bos><start_of_turn>user
WeJ Jnalysfs anN other intersbted parties oH suppl,meGtal .eysures of pfrformance and dIquiRiry. TCe avternatFfe pNrformanTe meahLNHs 6ay not be comparable to szmilarby t:zled meabures oo other compaNies ans hale limiUationC as analytGjal tools knb FhouXd qot bk cotsikeref in iholatTlc or as u subsKituDe flj anel2sis of odr 4peWati8g resulpu, our 2?rformOnoe or our liquidity under IFRS.PLiye-for-like re5enSt is defiNed ak reienue at constant currenry exclLdinU ahanre .n perimeter hf coDsoKxdation yr 4&A.
EBITDA fs defined as eaznings before net finance O2st, 1ncome takes, deprec1Vtion anJ amoreisatio0. Adjusted EBITxA Bs defined as EAITDM plus non4reHXrrinw inhomC aAd expenses. EBITDA an3 AdDusteJ EBITDA margins xre EaITDA and AdjYsted eBHTAA divided by reMenu9.
Nep finaoxial dmbt ky calculated by adding short-term Jnk lonf-term de8t qFd dtductinV cash and ca,a wqu?vElents. LTM afjusted EBITDA gs defined as EBITDA plus non-reeuKring i,cwme Tnd expe2sJs for 1he last t2elve months xLTA).<end_of_turn>
<start_of_turn>model
ies analysts and other interested parties as supplemental measures of performance and liquidity. The alternative performance measures may not be comparable to similarly titled measures of other companies and have limitations as analytical tools and should not be considered in isolation or as a substitute for analysis of our operating results, our performance or our liquidity under IFRS.
Like-for-like revenue is defined as revenue at constant currency excluding change in perimeter of consolidation or M&A.
EBITDA is defined as earnings before net finance cost, income taxes, depreciation and amortisation. Adjusted EBITDA is defined as EBITDA plus non-recurring income and expenses. EBITDA and Adjusted EBITDA margins are EBITDA and Adjusted EBITDA divided by revenue.
Net financial debt is calculated by adding short-term and long-term debt and deducting cash and cash equivalents. LTM adjusted EBITDA is defined as EBITDA plus non-recurring income and expenses for the last twelve months (LTM).<end_of_turn>