GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||||
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21:17 Dec 8, 2004 |
German to English translations [PRO] Bus/Financial - Finance (general) | |||||||
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| Selected response from: Andras Malatinszky Local time: 01:01 | ||||||
Grading comment
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Summary of answers provided | ||||
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4 | EBITDA contingency |
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2 | Managed EBITDA data |
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3 -1 | EBITDA manipulation |
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Discussion entries: 3 | |
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Managed EBITDA data Explanation: This is a guess, so I strongly recommend that you check this with your customer. My take on this is that the company attempts to steer their EBITDA so as to show a most beneficial picture vis-à-vis the antitrust authorities. Whilst this would be a very specific case of trying to 'control' earnings, this used to be a common practices amongst listed companies (probably still is...), predominantly to artificially smoothe out peaks and troughs. The practice is commonly known as 'managed earnings'. |
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EBITDA manipulation Explanation: Ralf is right but this would be a more direct way of putting it. See 4th bullet point on right in the following link. Reference: http://www.zacharyscott.com/Insights/Insights/Insight_12_080... |
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EBITDA contingency Explanation: Annika has told us what EBITDA means. Contingency in this context is just a euphemism for "something bad that has some chance of happening" the bad thing in this case being a drop in EBITDA. See the part titled "What are the underlying assumptions of your $80 million revenue contingency?" in http://www.primedia.com/pr/press/about11092000/. In your other sentence, "darauf konditioniert" translates to "contingent upon," which is just a fancy way of saying "won't be done unless." So your full sentence would be something like "The offer is contingent upon obtaining the approval of the antitrust regulators by ..." I hope that helps. |
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