Financial Definitions
Debt/equity ratio
Net debt divided by total equity.
Earnings per share
Profit for the period, attributable to equity holders of the parent divided by the average number of shares outstanding.
Earnings per share after dilution
Profit for the period, attributable to equity holders of the parent divided by the average number of shares outstanding plus the average number of shares added through the conversion of outstanding debentures and warrants.
Equity/assets ratio
Total equity divided by total assets.
Free cash flow
Operating cash flow and cash flow from financial items and tax and the effect of restructuring measures on cash flow.
Free cash flow per share
Free cash flow divided by the average number of shares outstanding.
Net debt
Interest-bearing liabilities less interest-bearing assets and cash and cash equivalents.
Return on shareholders’ equity
Profit for the period, attributable to equity holders of the parent as a percentage of average shareholders’ equity, excluding minority interests.
Yield
Dividend as a percentage of the market price.
Average number of employees per business area
Including employees hired on a current basis and externally contracted temporary resources.
Capital employed
Total assets less interest-bearing financial assets and cash and cash equivalents and non-interest-bearing operating liabilities (including pension liabilities) and excluding tax assets and tax liabilities.
Earnings per share
Profit for the period, attributable to equity holders of the parent company, excluding items affecting comparability net after tax, divided by the average number of shares outstanding.
EBIT
Operating profit according to the income statement.
EBITA
Operating profit excluding impairment of intangible assets and items affecting comparability.
EBITDA
Operating profit excluding depreciation and amortization on PPE and intangible assets, and items affecting comparability.
EBITDA margin
EBITDA excluding profit from participation in associated companies as a percentage of net sales.
Net debt/EBITDA
Net debt divided by EBITDA.
Operating cash flow
EBITDA excluding undistributed participation in the earnings of associated companies, investments and changes in working capital but excluding cash flow pertaining to restructuring.
Operating cash flow/EBIT
Operating cash flow as a percentage of operating profit, excluding items affecting comparability.
Operating cash flow per share
Operating cash flow divided by the average number of shares outstanding.
Operating margin (ROS – Return On Sales)
– Operating profit excluding participation in the earnings of associated companies and items affecting comparability as a percentage of net sales.
– Operating profit excluding participation in the earnings of associated companies but including items affecting comparability as a percentage of net sales.
P/E ratio excluding impairment losses and restructuring costs
Market price divided by the earnings per share excluding items affecting comparability net after tax.
Rate of capital turnover
Net sales as a percentage of average capital employed.
Return on capital employed (ROCE)
EBIT divided by the average capital employed.
Return on shareholders’ equity
Profit for the period, attributable to equity holders of the parent, excluding items affecting comparability,net after tax, divided by average shareholders’ equity, excluding minority interests.
*) For continuing operations