Definitions

Return on equity Net profit after tax as a percentage of average equity (opening plus closing balance for the period, divided by two).
Return on working capital (P/WC) Profit before net financial items (EBIT) as a percentage of average working capital, (opening balance plus closing balance for the period, divided by two), where working capital consists of inventories, trade receivables and claims on customers less trade payables and advance payment from customers.
Return on capital employed Profit after financial items, plus financial expenses as a percentage of average capital employed (opening balance plus closing balance for the period, divided by two).
Operating profit (EBITA) Operating profit before amortisation of intangible non-current assets arising in connection with acquisitions.
Operating margin Operating profit (EBITA) as a percentage of net revenue.
Equity per share Equity divided by the number of outstanding shares on the balance sheet date.
Average number of employees Average number of full-time employees during the year.
Cash flow per share after dilution Cash flow in relation to weighted number of shares outstanding after repurchases and dilution.
Cash flow from operating activities per share Cash flow from operating activities in relation to the weighted average number of shares outstanding after repurchases and dilution.
Net debt/receivables Interest-bearing provisions and liabilities including pension liabilities and including liabilities related to financial leases according to IFRS 16, less cash and cash equivalents and investments in securities.
Net debt/equity ratio Interest-bearing provisions and liabilities including pension liabilities and including IFRS 16, less cash and cash equivalents and investments in securitites, divided by equity plus non-controlling interests.
Operational net debt/receivables Interest-bearing provisions and liabilities, excluding pensions and excluding liabilities related to financial leases according to IFRS 16, less cash and cash equivalents and investments in securities.
Operational net deb/equity ratio Interest-bearing provisions and liabilities, excluding pensions and excluding effects of IFRS 16, less cash and cash equivalents and investments in securities, divided by equity plus non-controlling interests.
Change in revenue Change in net revenue as a percentage of the preceding year’s net revenue.
Interest coverage ratio Profit after financial items, plus financial expenses divided by financial expenses.
EBIT margin Profit before net financial items as a percentage of net revenue.
Debt/equity ratio Interest-bearing liabilities divided by equity, plus non-controlling interests. Equity portion of untaxed reserves included as equity in the parent company.
Equity ratio Equity, plus non-controlling interests as a percentage of total assets.
Capital employed Total assets, less non-interest-bearing provisions and liabilities.
Profit margin Profit after financial items, less participations in associated companies as a percentage of net revenue.
Earnings per share Profit for the year attributable to the Parent Company’s shareholders in relation to the weighted number of shares outstanding after repurchases.
Earnings per share after dilution Profit for the year attributable to the Parent Company’s shareholders in relation to the weighted number of shares outstanding after repurchases and dilution.