Average number of shares
A weighted average number of outstanding shares for the year.
Debt/equity ratio
Interest-bearing liabilities divided by shareholders’ equity.
Diluted average number of shares
A weighted average of outstanding shares and potential shares.
Diluted cash flow per share
Cash flow from operating activities divided by the average number of shares after dilution.
Diluted earnings per share
Year’s profit/loss divided by the average number of shares after dilution.
EBIT
Earnings before interest and taxes (operating income).
EBITDA
Earnings before interest, taxes, depreciation, and amortisation.
Equity/assets ratio
Shareholders’ equity as a percentage of the balance sheet total.
Interest coverage ratio
Profit/loss plus financial income divided by financial costs.
Net margin
Profit/loss before taxes as a percentage of sales.
Operating margin
Operating profit/loss as a percentage of sales.
Return on capital employed
Profit/loss plus financial income as a percentage of average capital employed.¹
Return on equity
Year’s profit/loss expressed as a percentage of average shareholders’ equity.¹
Return on total capital
Profit/loss plus financial income as a percentage of the average balance sheet total.¹
Value added per employee
Operating profit/loss plus labour costs divided by the average number of employees. Labour costs are salary expenses and reimbursements plus a standard 35 per cent for social security contributions.
¹ The OB+CB/2 method is applied when calculating average values for return on equity, return on capital employed, and return on total capital.