Definitions
Most of these key figures are Alternative Performance Measures according to ESMA’s definition. How these key figures are used is described below, as is how they are calculated. The alternative performance measures are used to provide a more comprehensive description of how the operational activities are developing, such as gross margin, gross profit, operating margin, EBITDA and revenue increase, while other alternative performance measures focus on the owner perspective, such as return on equity, and cases where certain balance-sheet items or cash flow items are placed in relation to the number of shares. In addition, the equity/assets ratio is provided to describe the financial position and long-term financial sustainability.
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Number of shares outstanding at period end |
Number of shares in the Parent Company less bought back shares held in treasury. |
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Return on equity |
Profit for the period in relation to average equity during the period. Average equity is defined as shareholders’ equity at the start of the period plus shareholders’ equity at the end of the period divided by two. |
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Gross margin |
Gross profit as a percentage of revenues. |
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Gross margin excluding R&D depreciation |
Gross margin excluding the portion of non-cash depreciation of previously capitalized R&D expenses that is included in cost of goods sold. |
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Gross profit |
Revenues less cost of goods sold. |
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EBITDA |
Earnings before interest, taxes, depreciation and amortization. Operating profit before interest rates, taxes, depreciation/amortization and impairment losses. |
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Adjusted EBITDA |
EBITDA adjusted for non-recurring items, e.g. restructuring costs. |
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Shareholders’ equity per share |
Shareholders' equity attributable to the Parent Company's shareholders divided by the number of shares outstanding before dilution at period-end. |
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Shareholders’ equity per share after dilution |
Shareholders’ equity per share adjusted for the number of shares and the paid exercise price resulting from the ongoing remuneration and personnel programs. |
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Average number of shares after dilution |
Average number of shares plus an increase by the average number of shares that could be issued as a result of current remuneration and personnel programs. |
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Average number of shares outstanding |
The Parent Company’s average weighted number of shares outstanding at the end of the period. |
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Revenue increase |
This shows the increase in revenues compared with the corresponding year-earlier period shown as a percentage. |
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Cash flow from operating activities/share |
Cash flow from operating activities after changes in working capital/average number of shares before and after dilution. |
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Cost of goods sold |
Cost of materials, production expenses and amortization according to plan of capitalized development expenditure. |
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Net cash/Net debt |
Cash and cash equivalents less interest-bearing debt, including lease liabilities. |
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Profit for the period |
Profit after financial income/expenses and tax. |
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Earnings per share |
Profit for the period/number of shares outstanding at period end. |
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Earnings per share after dilution |
Earnings per share adjusted for the number of shares and the paid strike price pursuant to ongoing compensation and personnel programs. Earnings per share after dilution can never be better than earnings per share before dilution. |
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Operating margin |
Operating profit as a percentage of revenues. |
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Operating result |
Operating result before financial income/expenses and tax. |
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Equity/assets ratio |
Shareholders’ equity divided by total assets. |
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Profit margin |
Profit for the period as a percentage of revenues. |