All financial figures have been derived from the Combined Financial Statements of DCC HoldCo 3 (drei) GmbH and Gottwald HoldCo 3 (drei) GmbH ("Demag Cranes' Combined Financial Statements"), prepared in accordance with International Financial Reporting Standards (IFRS). On the group level, "Adjusted EBIT" and "Adjusted EBITDA" are presented to eliminate the effects of the application of purchase accounting, restructuring and consulting expenses primarily relating to restructuring measures, severance and redundancy expenses, profits (losses) from divestments and certain other expenses and income which management believes are not normally recurring or not in the normal course of business, even though some items have resulted in expenses or income in more than one period. As presented in Combined Financial Statements of Terex Material Handling & Port Solutions AG, the EBIT of each segment (Material Handling, Port Solutions) excludes the effects of these items and segment EBIT is therefore referred to on this website as "Adjusted EBIT". Adjusted EBIT and Adjusted EBITDA are not measures as defined under IFRS or United States Generally Accepted Accounting Principles ("U.S. GAAP"). The definitions of Adjusted EBIT and Adjusted EBITDA used by Terex Material Handling & Port Solutions may differ from similar definitions used by other companies and thus may not be fully comparable to similarly titled measures of other companies.


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