Financial Overview

(in million euros)

	FY ended Dec. 31, 2013	FY ended Dec. 31, 2012	Rate of change (%)	Factors
Sales	1,453.2	1,291.9	12.5	1)
EBITDA	142.0	121.7	16.7	-
Automotive
Sales	188.5	192.1	(1.9)	-

Factor
1)
-The Company's revenue increased by 12.5% in 2013 due to sales of higher-value engines that meet the new emissions standards..

New Orders

-In 2013, new orders increased by 33.4% to a record level of 1,649.7 million euros due to the market launch of new engines for agricultural machinery applications.

R&D Expenditure

(in million euros)

	FY ended Dec. 31, 2013	FY ended Dec. 31, 2012	FY ended Dec. 31, 2011
Overall	71.1	82.7	109.8
Compact engines	48.8	55.3	70.6

R&D Activities
-The development of new engines to satisfy the EU Stage IV and US EPA Tier 4 Final emission standards continued throughout 2013.

Capital Investment

(in million euros)

	FY ended Dec. 31, 2013	FY ended Dec. 31, 2012	FY ended Dec. 31, 2011
Overall	76.3	110.6	102.7
Compact Engine segment	69.2	95.0	92.9
Customized Solutions	7.1	15.6	9.6