Aktieninstitut is concerned about ESMA's proposal on the presentation of alternatives performance measures

ESMA plans to harmonise the presentation of so called alternative performances measures in the financial communication of listed companies. Frequently used measures such as EBITDA could only be presented with less prominence compared to financial measures stemming directly from the IFRS framework. This approach interferes with capital market communication, creates legal risks and is stricter than comparable rules of the SEC as is pointed out in this comment by Deutsches Aktieninstitut.