INVESTORS

Financial Definitions

Key performance measures according to IFRS

Basic earnings per share
Net profit attributable to the Parent Company’s shareholders divided by the weighted average number of shares excluding C-shares as these have no dividend rights.
Diluted earnings per share Net profit attributable to the Parent Company’s shareholders divided by the weighted average number of shares excluding C-shares as these have no dividend rights, after dilution.

 

Key performance measures not defined according to IFRS

Capital employed Operating capital employed plus capital employed from the Group functions, goodwill and right of use assets.
EBIT margin EBIT as percentage of net sales.
EBITA EBIT before amortisation and impairment of acquisition related intangible assets, excluding items affecting comparability and effect of IFRS 16 Leases.
EBITA margin EBITA as a percentage of net sales.
EBITDA EBIT before depreciation/amortisation and impairment of intangible assets and property, plant and equipment.
EBITDA margin EBITDA as a percentage of net sales.
Equity per share Equity attributable to the shareholders of the Parent Company divided by the number of shares excluding C shares, as these have no dividend rights, at the end of the period.
Free cash flow Cash flow from operating and investing activities, excluding cash flows related to acquisitions and divestments.
Free cash flow per share Free cash flow divided by weighted average number of shares excluding C shares as these have no dividend rights.
Gross margin excluding IAC Gross profit excluding IAC, as a percentage of net sales.
Items affecting comparability (IAC) Items affecting comparability are defined as significant items affecting EBIT that are isolated in order to enable a complete understanding of the Group's financial performance and comparability between periods. Items affecting comparability mainly relate to restructuring activities or structural changes and would include costs for closure of businesses/locations and personnel reductions.
Net debt Total liabilities from financing activities less cash and cash equivalents at the end of the period.
Net debt including post-employment benefits (PEB) Total liabilities from financing activities and provisions for post-employment benefits less cash and cash equivalents at the end of the period.
Net debt/EBITDA Net debt divided by EBITDA, rolling 12 months.
Net debt including PEB/EBITDA Net debt including provisions for post-employment benefits divided by EBITDA, rolling 12 months.
Operating capital employed The capital employed that is utilized in the four Business Units. It consists of property, plant and equipment, other intangible assets, inventory, customer receivables and other short-term assets less accounts payables and other short-term liabilities, excluding short term taxes and financial items.
Order intake growth Growth in order intake in constant currencies including organic and acquired order intake, excluding divested order intake.
Return on capital employed EBITA rolling 12 months as a percentage of average capital employed.
Return on operating capital employed EBITA rolling 12 months as a percentage of average operating capital employed.
Sales growth Growth in net sales in constant currencies including organic and acquired sales, excluding divested sales.