- EBITDA presented every half-year include net depreciation of accounts receivable (net allowance of -€0,4 million in H1 2020) and net impact of development costs capitalization (capitalization net of amortization, impact of -€11 thousand in H1 2020)

- IFRS 16: Applicable since fiscal year 2019, IFRS 16 specifies how to recognize and measure lease assets and liabilities (property, plant and equipment – real estate and vehicles – and lease liabilities). The lease expense is now broken down between amortization and depreciation and the interest on the debt. ESI recognized the assets and liabilities related to the right to use offices and leased vehicles. The impact of IFRS 16 on EBIT remains limited.

¹ New lease accounting standard applicable as of January 1, 2019

View source version on businesswire.com: https://www.businesswire.com/news/home/20200910005795/en/

ESI - Shareholder Relations
Florence Barré
investors@esi-group.com
+33 1 49 78 28 28

SHAN - Press & Shareholder Relations
Florent Alba
ESIgroup@shan.fr