perimetro costante

[Neets]

Hi,

I wonder if anyone could help with this sentence from a financial text:

(name)..."ha rivisto in senso conservativo la valutazione del patrimonio, con una riduzione su base annua a perimetro costante riferita alla valutazione a dicembre 2009 del 4,2%"

my effort:
"has carried out a conservative revision of the valuation of assets with an annual, constant reduction compared to the valuation in December 2009 of 4.2% "

Grazie mille!

Neets

 

[entrapta]

I am no expert... I have to look up that "perimetro costante" because it's way too technical for me..but as for the second part I think you misundersttod when you translated "compared"...I think it says that the reduction "refers" (you can do better) to the valuation... I don't think compared fits. Ok perimetro costante means that when comparing figures from one year to the next, companies "adjust" these figures taking into consideration possible differences in the company's structure and capital, such as fusions, acquisitions etc. Got it: "...expects to deliver profit growth similar to 2007, at constant perimeter". It's constant perimeter.

 

[Neets]

Many thanks for your time and help

 

[pescara]

I've never seen "constant perimeter" used in this context. I think a more common expression would be something like "on a comparable basis."

Ciao.

 

[entrapta]

I've never seen "constant perimeter" used in this context. I think a more common expression would be something like "on a comparable basis."

Ciao.

Do you mean I was completely mislead....? Sorry but try to google "at constant perimeter".... you will find countless examples. It surely cannot be just a coincidence.

 

[pescara]

Do you mean I was completely mislead....? Sorry but try to google "at constant perimeter".... you will find countless examples. It surely cannot be just a coincidence.

I just Googled it and you are right - it is quite common. I wonder if this is a term used in BE but not in AE? I am in the finance business and am constantly reading (American) financial texts, but I have never seen it.

Ciao.

 

[entrapta]

I just Googled it and you are right - it is quite common. I wonder if this is a term used in BE but not in AE? I am in the finance business and am constantly reading (American) financial texts, but I have never seen it.

Ciao.

Then it must be as you say... The poster should be aware of that. What would you say in AE? I think you've already written it...

 

[pescara]

Then it must be as you say... The poster should be aware of that. What would you say in AE? I think you've already written it...

I would either say "on a comparable basis" or I would refer to the prior-year period that had been adjusted for acquisitions, divestitures, etc. as "on a pro forma basis."

Ciao.