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EBIT
[ ee-bit ]
noun
- earnings before interest and taxes: a widely used measure of the profitability (or lack thereof) resulting from a company’s core operations, calculated by subtracting from total revenue the cost of goods (or services) sold, sales and marketing expenses, the cost of overhead, and deductions for depreciation and amortization (generally of property and equipment). Other costs that may be indirectly related to operations, as interest (paid on company debt) and taxes (paid on profits), are not taken into account when calculating EBIT.
51Թ History and Origins
Origin of EBIT1
Example Sentences
Lopez, who took over the helm in June, has therefore launched APEX, a performance programme that is expected to have a positive impact of 2 billion on the group's adjusted EBIT, and is hoping to finally divest the group's Steel Europe division.
Analysts had expected 83 million euros of EBIT.
The group, which makes everything from submarines and car parts to fertiliser plants and electrolysers, confirmed its outlook for adjusted EBIT, sales and free cash flow before mergers and acquisitions.
In 2019, Diess appeared to allude to a Nazi-era slogan when he attempted to describe the carmaker's earnings potential by saying "EBIT macht Frei."
It also said it expected growth in recurring operating EBIT, and to generate free cash flow of more than 3 billion francs after posting a figure of 3.26 billion for 2021.
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