before special items improved by 86 million [euro] to minus 28 million [euro].
is defined as net (loss) income before interest expense and income taxes.
The quarter's revenue and EBIT
also reflect lower levels of high-margin financing revenue as a result of reduced equipment sales in both the current and prior quarters.
Adjusted basic EPS is calculated by adjusting Basic EPS for the impact of the same items excluded from Adjusted EBIT
In 1Q14, the Com pany s operating profitability showed substantial im provement over that posted in 1Q13, with EBIT
margin of US$ 92.
Its revenue will increased by 10% to 20% and its EBIT
will be comparable with the 2010 level.
before goodwill impairment and exceptionals for the period rose to EUR1.
To provide further insight on the trends of the business, the company is also furnishing revenue and EBIT
results on a sequential basis, which is a comparison to first quarter results.
In the Chemicals segment, EBIT
before special items rose slightly, while it increased sharply in the Functional Materials & Solutions segment.
The company said : "The largest contributor to a US$145 million increase in Underlying EBIT
was a non-cash adjustment of our Angostura (Trinidad and Tobago) Production Sharing Contract.
The group's 2012 revenue is expected to go up by 5% to 10% and EBIT
-- to range from EUR 50 million to EUR 55 million.
For the full 2011 Syzygy expects to see a moderate revenue increase and slightly lower EBIT