Definitions

Return on equity

Earnings for the year divided by average equity.

Return on operating capital

Earnings before interest and tax (EBIT) divided by average

operating capital

Return on total assets

Earnings before interest and tax (EBIT) plus financial income,

excluding exchange gains, divided by the average total

assets.

Return on capital employed

Earnings before interest and tax (EBIT) plus financial income,

excluding exchange gains, divided by the average capital

employed.

CAGR

Compounded annual growth rate

Yield

Divided as a percentage of share price.

EBITA margin (operating margin before interest,

taxes and amortization)

EBITA (earnings before interest, taxes and amortization)

divided by total income.

EBITDA margin (operating margin before interest,

taxes, depreciation and amortization)

EBITDA (earnings before interest, taxes, depreciation and

amortization) divided by total income.

EBITDA per employee

EBITDA (earnings before interest, taxes, depreciation and

amortization) divided by average number of employees.

Equity per share

Equity divided by number of shares at period end.

Free cash flow

Cash flow from operating activities less investments in fixed

assets.

Value added per employee

Earnings before interest, taxes, depreciation and amortization

(EBITDA) plus personal expenses divided by average

number of employees.

Capital turnover rate

Net turnover divided by average operating capital.

Cash flow per share

Cash flow from operating activities before changes in

working capital divided by average number of shares.

Acid test ratio

Current receivables plus liquid assets, divided by current

liabilities plus proposed divided.

Liquid assets

Cash and cash equivalents, excluding available and unutilized

bank credit facilities.

Net debt

Interest-bearing liabilities minus liquid assets.

Net debt/equity ratio

Net debt divided by equity.

Turnover per employee

Net turnover divided by average number of employees.

Revenue growth

Net turnover for the year compared to net turnover from

the previous year.

Operating capital

Equity plus net debt.

Interest coverage ratio

Earnings before interest and tax (EBIT) plus financial income

excluding exchange gains, divided by financial costs

excluding exchange losses.

Operating profit margin (EBIT margin)

EBIT (operating margin) divided by total income.

Equity ratio

Group: Equity divided by total assets.

Parent company: Equity plus 78% of untaxed reserves,

divided by total assets.

Capital employed

Equity plus interest-bearing liabilities.

Dividend per share

Divided for the period divided by number of outstanding

shares at time of divided.

Profit per share

Earnings for the year divided by average number of shares.

Profit margin

Profit after financial items divided by total income.