For further description and calculation of key figures download the excel file
Average number of employees
Average number of employees during the year based on hours worked. Excluding insourced staff.
Total assets less interest-bearing receivables and non-interest-bearing operating liabilities (including pension liabilities) and excluding tax assets and tax liabilities 1).
Cash conversion ratio
Operating cash flow as a percentage of EBIT.
Debt/equity ratio, %
Net debt divided by total equity.
Profit from discontinuing operations is recognized net in the consolidated income statement in the item “Net profit in discontinuing operations”.
Earnings per share
Profit for the period, attributable to shareholders of the Parent Company, divided by the average number of shares outstanding.
Operating profit including items affecting comparability.
EBIT excluding items affecting comparability
Operating profit excluding items affecting comparability.
EBIT margin excluding items affecting comparability, %
EBIT excluding items affecting comparability as a percentage of net sales.
Operating profit excluding amortization and impairment of intangible assets and excluding items affecting comparability.
EBITA margin, %
EBITA as a percentage of net sales.
Operating profit excluding depreciation/amortization and impairment of PPE and intangible assets and excluding items affecting comparability.
EBITDA margin, %
EBITDA excluding participations in the profit/loss of jointly owned/associated companies as a percentage of net sales.
EBITDA/Net interest income/expense
EBITDA divided by net interest income/expense (interest income less interest expenses).
Equity/assets ratio, %
Total equity divided by total assets.
Associated companies and joint ventures in the Group are recognized in line with the equity method, implying that the initial participation is changed to reflect the Group’s share in the company’s profit or loss and for any dividends.
Free cash flow
Operating cash flow reduced by cash flow from financial items, taxes 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.
Items affecting comparability
The total of the restructuring costs approved by the Board of Directors and major non-recurring items.
Interest-bearing liabilities less interest-bearing assets and cash and cash equivalents.1)
Net debt divided by EBITDA.
Number of employees at year-end
Including insourced staff and temporary employees.
Operating cash flow
EBITDA excluding non-cash items, capital expenditures, divested PPE and changes in working capital. The key figure excludes cash flow from items affecting comparability.
Operating cash flow per share
Operating cash flow divided by the average number of shares outstanding.
The sales growth in comparable exchange rates that is generated by the Group itself on its own merits and in the existing structure.
Market price divided by earnings per share.
Pro forma calculations include total Group consolidation from the most recent 12-month period plus acquisitions and divestments in order to reflect current continuing operations.
Rate of capital turnover
Net sales as a percentage of average capital employed.
Return on capital employed, %
EBIT divided by the average capital employed.
Return on shareholders’ equity, %
Profit for the period, attributable to shareholders of the Parent Company, divided by average equity, excluding non-controlling interests.
Dividend as a percentage of the market price.
Austria, Belgium, Denmark, Finland, France, Germany, Greece, Iceland, Ireland, Italy, Luxembourg, Malta, the Netherlands, Norway, Portugal, Sweden, Switzerland, Spain, the U.K.
1) The outstanding receivable related to the divestment of Vibracoustic is recognized as a financial receivable and thus does not affect the Group’s net debt.