€m First-Half Results 30/06/22 First-Half Results 30/06/21 Var % '22 vs '21 Annual Results 31/12/21 Annual Results 31/12/20
Total Sales 7,699.00 3,756.00 104.98% 8,636.00 5,342.00
Ebitda Ebitda margin 520.60 6.76% 8.30 0.22% 6,172.29% 54.10 0.63% -20.80 -0.39%
Ebit Ebit Margin 427.80 5.56% -86.80 -2.31% 144.50 1.67% -238.90 -4.47%
Ebt Ebt margin
Net Result E-Margin 300.50 3.90% -70.80 -1.88% -136.00 -1.57% -197.00 -3.69%
  First-Half Results 30/06/22 First-Half Results 30/06/21 Var % '22 vs '21 Annual Results 31/12/21 Annual Results 31/12/20
Net Financial Debt / (Cash) Net Equity -23.10 1,087.04 479.00 787.98 37.95% 494.00 793.72 545.00 784.52
Capital Employed 1,063.94 1,266.98 -16.02% 1,287.72 1,329.52

Source: company data. The year-end closing is at December, 31. Values are expressed in Million Euro. In order to give a representation of the Group's operating performance that best reflects the most recent market dynamics, in line with the consolidated practice of the oil sector, the results at operating level and at the level of Comparable Net Result, non-accounting measures elaborated in this management report, are shown by evaluating the inventories on the basis of the FIFO method, however, excluding unrealized gains and losses on inventories deriving from scenario changes calculated by evaluating opening inventories (including the related derivatives) at the same unit values of closing inventories (when quantities rise in the period), and closing inventories at the same unit values of opening inventories (when quantities decrease in the period). Non-recurring items in terms of nature, materiality and frequency have been excluded from both the operating profit and the comparable net profit. The results thus calculated, which are referred to as “comparable”, are not indicators defined by the International Financial Reporting Standards (IAS/IFRS) and are unaudited.