With the exception of the session and persistent cookies required to ensure the website use safety and session cookies required for the purpose of age verification, we save cookies on your device only if you consent to it. By clicking the “Accept” button you agree to saving cookies on your device and using them for analytical purposes as well as in order to ensure the comfort of using the website.
To remember your choice regarding the acceptance or rejection of cookies we will save an additional cookie on your device for no longer than 1 year. By appropriately adjusting your browser settings you can delete the already saved cookies or block saving of new cookies. More information can be found in Stock Spirits Group Privacy Policy https://www.stockspirits.com/privacy_cookies.aspx
1 Stock Spirits Group uses alternative profit measures as key financial indicators to assess underlying performance of the Group. These include Adjusted EBITDA, Adjusted free cashflow and Adjusted basic EPS. For the proforma comparative numbers see page 59. The narrative in the Annual Report and Accounts includes these alternative measures and an explanation is set out in note 7 of the Financial Statements on page 143
2 Leverage is the net debt divided by the Adjusted EBITDA for the period. For 2018 this is the net debt as per note 30 (page 167) of the Notes to the Financial Statements as at 30 September 2018, divided by the proforma 12 months Adjusted EBITDA for the 12 months to 30 September 2018 as per page 63