Definitions

Performance measures

Certain of the following performance measures are presented for Ratos business group – both for the companies in their entirety (100%) regardless of Ratos’s holding and also presented adjusted for the size of Ratos’s holding in each company. When performance measures are presented adjusted for Ratos’s holdings the performance measure is multiplied by the percentage of the holding. For example: Ratos’s holding amounts to 70% and the company’s EBITA is SEK 100m for the period, EBITA adjusted for Ratos’s holdings then amounts to SEK 70m (70% x SEK 100m). If the holdings change, comparative periods are adjusted to show the owned share at the end of the relevant reporting period.


Return on equity

Profit for the period attributable to owners of the parent divided by average equity attributable to owners of the parent.


Return on capital employed

EBITA for the last 12 months as a percentage of average capital employed during the five most recent quarters.


Dividend yield

Proposed dividend on ordinary shares expressed as a percentage of the Class B share’s closing price at the period’s last trading day.


Total return

Price development of Class B shares including reinvested dividends (this year’s paid dividend) on ordinary shares.


EBITDA

EBITA with depreciation, amortisation and impairment reversed (Earnings Before Interest, Tax, Depreciation and Amortisation).


EBITDA margin

EBITDA expressed as a percentage of net sales.


EBITA

Operating profit before impairment of goodwill as well as amortisation and impairment of other intangible assets that arose in conjunction with company acquisitions and similar transactions. (Earnings Before Interest, Tax and Amortisation).


EBITA margin

EBITA expressed as a percentage of net sales.


Equity per share

Equity attributable to owners of the parent divided by the number of outstanding ordinary shares at the end of the period.


Consolidated value

The Group’s share of the company’s equity, any residual consolidated surplus and deficit values minus any intra-Group profits. In addition, shareholder loans and capitalised interest on such loans are included.


Organic growth

Net sales growth in comparable units. The effects of acquisitions, divestments and exchange rate changes are excluded.


P/E ratio

Market share price for Class B share in relation to earnings per share.


Basic earnings per share

Profit for the period attributable to owners of the parent company divided by the average number of outstanding ordinary shares.


Diluted earnings per share

When calculating diluted earnings per share, earnings and the average number of shares are adjusted to take into account the effects of potential ordinary shares, which, for the reported periods, pertain to convertible debt instruments and warrants issued to employees. Dilution resulting from convertible debt instruments is calculated by increasing the number of shares by the total number of shares to which the convertibles correspond and increasing earnings by the recognised interest expense after tax. Potential ordinary shares are considered to have a dilutive effect only during periods when they result in lower earnings or a higher loss per share.


Interest-bearing net debt

Interest-bearing liabilities and pension provisions minus fixed-income assets and cash and cash equivalents.


Cash flow from operations

Cash flow from operating activities, excluding paid tax, but including cash flow from investments and divestments of intangible assets and property, plant and equipment, as well as amortisation of lease liabilities and interest paid on leasing.


Capital employed

Equity, non-controlling interests and interest-bearing liabilities.


Leverage

Interest-bearing net debt in relation to EBITDA for the last 12 months.


Equity ratio

Reported equity expressed as a percentage of total assets. Non-controlling interests are included in equity.


Last 12-month period

The most recent 12 months.


Average number of employees

Total number of hours worked during the period restated as full-time positions.