Shareholders and investors

Shareholders and investors

Alternative Performance Measures

Medidas Alternativas de Rendimiento

The European Securities and Markets Authority (ESMA) published the Guidelines 2015/1415 on Alternative Performance Measures (APMs), which must be complied with by all issuers whose securities are admitted to trading on an official market and that must publish regulated information in accordance with that established in Directive 2014/109/EC on transparency, so that their compliance improves the comparability, reliability and understanding of these measures. These Guidelines are applicable to any regulated information, such as directors’ reports that are attached to annual or interim financial statements, in-termediate management statements, presentations of results disclosed as significant events, etc.

pdf Alternative Performance Measures Definition (MAR) (PDF | 1,44 MB)