Business segments

To better represent the performance of the various business segments, since the fourth quarter of 2014 the results of HMSHost have been split into its two components: North America (United States and Canada) and International (Northern Europe, Middle East, Asia, Australia and New Zealand). In the “Europe” segment, Italy is shown separately from the other countries due to its significance for the Group.
For a more immediate grasp of operating performance, changes are discussed in terms of constant exchange rates.

Revenue by geographical area

Revenue is broken down below by geographical area:

Change
(€m)   Full Year 2015Full Year 20142014At constant exchange rates
North America 2,232.4 1,847.9 20.8% 2.7%
International 347.0 278.2 24.7% 21.9%
Italy 1,057.4 1,091.7 -3.1% -3.1%
Other European countries 732.4 712.3 2.8% 0.3%
Total Europe 1,789.8 1,804.1 -0.8% -1.8%
Total Revenue 4,369.2 3,930.2 11.2% 2.0%
 

and here as a percentage of total revenue:

 Revenue by geographical area        

EBITDA by geographical area

Below are the details of EBITDA by geographical area 12:

 Change
(€m) Full Year 2015% of revenueFull Year 2014% of revenue2014At constant exchange rates
North America 254.1 11.4% 202.4 11.0% 25.6% 6.5%
International 42.4 12.2% 35.2 12.6% 20.6% 18.1%
Italy 65.1 6.2% 61.9 5.7% 5.3% 5.3%
Other European Countries 49.2 6.7% 46.7 6.6% 5.3% 1.4%
European central structure (8.9) - (9.0) - 0.7% 0.7%
Total Europe 105.4 5.9% 99.6 5.5% 5.8% 3.9%
Corporate costs (25.7) - (20.9) - -22.9% -22.9%
Total EBITDA 376.2 8.6% 316.2 8.0% 19.0% 6.0%