reserves the asset value step-up

[UncleB]

"reserves the asset value step-up" is from an EBIT description from a financial statements.

Does "reserves" here mean "does not consider"?

The sentence is:
The adjusted EBIT reserves the asset value step-up.

And does "step-up" here mean "increase"?

Thank you very much in advance!

 

[kirby]

Yes to both questions.

 

[UncleB]

Thank you very much for your help! This is great!