Key Financial Performance Indicators

	2022 €’000	2021 €’000
Revenue	101,477	85,769
Revenue growth	18.3%	(1.0%)
EBITDA	59,348	48,751
EBITDA Margin (%)	58.5%	56.8%
EBIT	54,192	35,417
EBIT Margin (%)	53.4%	41.3%
Profit After Tax	41,337	25,995
PAT Margin (%)	40.7%	30.3%
Return on Capital Employed (ROCE) (%)	6.4%	5.5%
Net Interest Charges	6,369	5,991
Interest cover
- EBITDA basis (times)	9.3	8.1
- EBIT basis (times)	8.5	5.9
Net Debt	(155,014)	(164,199)
Net Debt as a percentage of total equity (%)	(26.7%)	(30.6%)
Net Debt as a percentage of fixed assets (%)	(22.0%)	(24.5%)
Net Debt/EBITDA (times)	2.61	3.37

	2022 €’000	2021 €’000
EBIT	54,192	35,417
Depreciation and amortisation	14,619	13,874
Amortisation of capital grants	(454)	(490)
Fair value movement on investment properties	850	-
Exceptional Items	(10,000)	-
Loss/(Profit) on disposal of assets	141	(50)
EBITDA	59,348	48,751

EBIT - earnings before finance costs and tax

EBITDA - earnings before finance costs, tax, depreciation, amortisation, exceptional items and non-exceptional redundancy costs

Interest cover - the ratio of EBITDA or EBIT to net interest charges

ROCE - the ratio of operating profit to average capital employed