Definitions

Earnings per share

Profit/loss for the period attributable to equity holders of the Parent Company divided by the average number of shares outstanding during the year.

EBITDA

Operating profit less depreciation, amortization and impairments.

Equity ratio

Shareholders' equity including non-controlling interests in relation to total capital.

Funds from Operations (FFO)

EBITDA adjusted for non-cash items minus net interest minus current tax expense.

Interest Coverage Ratio

Interest-bearing current and non-current debts less cash and cash equivalents divided by EBITDA.

Items affecting comparability

Major acquisitions, restructuring costs and impairments.

Leverage ratio (net debt / EBITDA)

Interest-bearing current and non-current debts less cash and cash equivalents divided by EBITDA.

Net debt/equity ratio

Interest-bearing current and non-current debts less cash and cash equivalents divided by shareholders' equity including non-controlling interests.

Order intake

Order intakes for a period refer to all orders received for immediate delivery and those orders for future delivery for which delivery dates and quantities have been confirmed. Order intake for a period also includes all changes in the opening backlog. Specifically, order intake figures for a given period are to be affected by:

  • Cancellation of orders, regardless of when the orders were originally received and reported.
  • Price changes affecting the order backlog.

Organic growth

Revenue growth excluding the impact from acquisitions, divestments and changed exchange rates.

Relative net working capital

Annual

Average working capital for the last four quarters, divided by revenues in the last twelve months.

Quarterly

Average working capital for the most recent quarter, divided by revenues in the most recent quarter adjusted to annual rate.

Return on capital employed (ROCE)

Annual

12 month rolling operating profit/loss plus financial income, as a percentage of a four quarter average capital employed. Capital employed is defined as total capital less current non-interest bearing debt.

Quarterly

Operating profit/loss plus financial income in the most recent quarter adjusted to annual rate, as a percentage of the average capital employed in the most recent quarter. Capital employed is defined as total capital less current non-interest bearing debt.

Return on shareholders' equity

Annual

12 month rolling profit/loss as a percentage of the average shareholders' equity over the last four quarters.

Quarterly

Profit/loss in the most recent quarter adjusted to annual rate, as a percentage of the average shareholders' equity in the most recent quarter.

Return on total capital

Annual

12 month rolling operating profit/loss plus financial income, as a percentage of a four quarter average total capital.

Quarterly

Operating profit/loss plus financial income in the most recent quarter adjusted to annual rate, as a percentage of the average total capital in the most recent quarter.

Working capital

Total of inventories, trade receivables, accounts payable and other noninterest-bearing receivables and liabilities, excluding tax assets and liabilities.