Definitions
Average number of employees
Total annual number of paid working hours in relation to number of standard working hours per year.
Book-to-bill ratio
Book-to-bill is used to measure the company’s growth. A quota exceeding 1 shows that gross order intake is higher than the net sales.
Compound Annual Growth Rate (CAGR)
The mean annual growth rate over a specified period of time longer than a year.
Capital employed
Total assets less interest-free liabilities.
Capital turnover ratio
Net sales in relation to average total assets.1)
Cash flow per share
Cash flow after investments in relation to the weighted average number of shares.
Contribution margin per region
Net sales less cost of products sold and expenses directly attributable to the respective region.
Days sales outstanding (DSO)
The total of accounts receivables and accrued income less advances from customers and prepaid income in relation to twelve months rolling net sales divided by 365.
Earnings per share (EPS)
Net income attributable to Parent Company shareholders in relation to the weighted average number of shares (excluding treasury shares).
EBITDA
Operating income plus depreciations and amortizations.
Equity/assets ratio
Total equity in relation to total assets.
Gross order intake
Order intake during a period.
Interest cover ratio
EBITDA in relation to interest expenses (excl. interest expenses lease liabilities).
Items affecting comparability
Events or transactions with significant financial effect, which are relevant for understanding the financial performance when comparing income for the current period with previous period, including restructuring programs, expenses relating to major legal disputes, impairments and gains and losses for acquisitions or disposals of subsidiaries.
Net debt
Interest-bearing liabilities (excl. lease liabilities) less cash and cash equivalents.
Net debt/EBITDA ratio
Net debt in relation to EBITDA.
Net order intake
Order intake during a period adjusted for cancellations, removals of orders and currency effects.
Operational cash conversion
Cash flow from operating activities in relation to EBITDA.
Operating income (EBIT)
Earnings before interests and taxes.
Operating margin (EBIT margin)
Operating income (EBIT) in relation to net sales.
Profit margin
Income after financial items in relation to net sales.
Return on capital employed (ROCE)
Income after financial items plus financial expenses in relation to average capital employed.1)
Return on shareholders’ equity (ROE)
Net income attributable to Parent Company shareholders in relation to average shareholders’ equity excluding non-controlling interests.1)
Shareholders’ equity per share
Shareholders’ equity excluding non-controlling interests in relation to the number of shares at year-end (excluding treasury shares).
Value added per employee
Operating income plus salaries, other remuneration and social security costs and cost of incentive programsin relation to average number of employees.
Working capital
Short-term interest-free assets less short-term interest-free liabilities, excluding current tax and derivatives.
1) Average based on the last five quarters.