ORBDAOperating Result Before Depreciation and Amortization
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The ORBDA for the fourth quarter of 2005 was at Euros 81 million, representing 31% of revenues and a 48% increase year on year.
The ORBDA at the end of September 2005 was at Euros 146.
The ORBDA at the end of 2004 stood at Euros 165 million, 24 % of Group revenues.