Profit before tax plus financial expenses as a percentage of capital employed. The components are calculated as the average of the last 12 months. Return on capital employed shows the Group’s profitability in relation to externally financed capital and equity, see the reconciliation table on page 27-28.
Equity divided by number of shares outstanding at the reporting period's end.
This measures how much equity is attributable to each share and is published to make it easier for investors to conduct analyses and make decisions.
The net of interest-bearing debt and provisions minus cash and cash equivalents.Net debt is used to monitor changes in debt, analyse the Group indebtedness and its ability to repay its debts using liquid funds generated from the Group’s operating activities if all debt fell due for repayment today and any necessary refinancing.
Net financial debt divided by EBTIDA.
Net financial debt compared with EBITDA provides a performance measure for net debt in relation to cash-generating earnings in the business, i.e. it gives an indication of the business’ ability to repay its debts. This measure is generally used by financial institutions to measure creditworthiness.
Changes in net sales attributable to business acquisitions compared with the same period last year.
Acquired growth is used as a component to describe the change in consolidated net sales in which acquired growth is distinguished from organic growth, divestments and exchange rate effects, see reconciliation table on page 27-28.
Cash flow from operating activities, divided by the average number of outstanding shares after repurchase. This measure is used so investors can easily analyse the size of the surplus generated per share from operating activities.
Changes in net sales excluding currency effects, acquisitions and divestments compared with the same period last year.
Organic growth is used to analyse underlying sales growth driven a change in volumes, product range and price for similar products between different periods, see reconciliation table on page 27-28.
Shareholders’ share of profit for the period after tax, divided by the weighted average number of shares during the period, adjusted for the additional number of shares in the event of outstanding options being used.
Earnings after net financial items plus interest expense and bank charges divided by interest expense and bank charges.
This performance indicator measures the Group’s capacity through its business operations and finance income to generate a sufficiently large surplus to cover its finance costs, see reconciliation table on page 27-28.
Working capital (WC) is measured through an annual average defined as inventories plus accounts receivable less accounts payable.Working capital is used to analyse how much working capital is tied up in the business, see reconciliation table on page 27-28.
Operating profit as a percentage of net sales.This measure is used to specify the percentage of sales that is left to cover interest and tax, and to provide a profit, after the company’s costs have been paid.
Total assets minus non-interest-bearing liabilities and provisions. Capital employed shows the size of the company’s assets that have been lent to the company’s owners or that have been lent out by lenders, see reconciliation table on page 27-28.
Total number of shares less treasury shares repurchased by the Company.
¹The performance measure is an alternative performance measure according to ESMA’s guidelines. ²Minority interest is included in equity when the performance measures are calculated.