Definitions

Operating margin. Operating profit in relation to net sales.

Profit margin. Profit after financial items in relation to net sales.

Interest coverage ratio. Income after financial items plus financial expenses in relation to financial expenses.

Equity/assets ratio. Equity in relation to total capital.

Portion of risk-bearing capital. Equity plus provisions for deferred tax liabilities as well as convertible debenture loans in relation to total capital.

Interest-bearing net debt. Non-current and current interest-bearing liabilities minus interest-bearing assets as well as cash and cash equivalents

Return on equity. The net profit for the year attributable to the Parent Company’s shareholders in relation to average equity attributable to the Parent Company’s shareholders.

Return on capital employed. Profit after financial items plus financial expenses in relation to average balance sheet total minus non interest-bearing liabilities.

Return on total capital. Profit after financial items plus financial expenses in relation to average total capital.

Earnings per share. Net profit for the year attributable to the Parent Company’s shareholders in relation to average number of shares.

Equity per share. Equity at the end of the period attributable to the Parent Company’s shareholders in relation to the number of shares at the end of the period.

Direct yield. Proposed dividend in relation to the share price on the closing day.

Discount rate (WACC). Weighted Average Cost of Capital – weighted required return for equity and borrowed capital against the company’s future earnings.

Average no. of employees. Number of working hours divided by normal annual working time.

EBITDA Operating profit before planned depreciation and before depreciation of consolidated surplus values in intangible assets.