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Adjusted EBIT and Adjusted EBITDA

The Group defines adjusted EBIT as operating profit before exceptional items and non-recurring expenses, and adjusted EBITDA as operating profit before depreciation and amortisation, exceptional items and non-recurring expenses. Adjusted EBIT and adjusted EBITDA are supplemental measures of the Group’s performance and liquidity that are not required to be presented in accordance with IFRS.

Operating activities 41,704 53,648
Exceptional items (note 8) 1,111
Non-recurring expenses* 1,016 613
Adjusted EBIT 42,720 55,372
Depreciation and amortisation (note 11) 11,004 10,986
Adjusted EBITDA 53,724 66,358
Adjusted EBITDA margin 20.5% 22.7%

* Non-recurring expenses relate to profits or losses on disposal and impairment of fixed assets, not meeting the criteria for categorisation as exceptional items.

The Group defines free cash flow as net cash generated from operating activities (excluding income tax paid, certain exceptional items and their related impact on working capital adjustments), plus net cash used in or generated from investing activities (excluding interest received, net cash paid for acquisitions and net proceeds from the sale of subsidiaries).