x 4: Reconciliation of FY 2025 of Core EBITDA to IFRS Net Income






In million USD



FY 2024



FY2025





Core EBITDA



1,031



1,211





% margin



23.4%



23.3%





Exceptional and transformation related adjustments



(60)



(16)





Other income / (expenses) excl. impairment



(33)



(43)





Total EBITDA adjustments8


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