Margins
Gross margin
Operating profit before depreciation as a percentage of net turnover.
Operating margin
Operating profit as a percentage of net turnover.
Return
Return on capital employed
Operating profit as a percentage of average capital employed.
Return on equity
Net profit as a percentage of average shareholders’ equity.
Capital structure
Capital employed
Total assets less non-interest-bearing liabilities, non-interest-bearing provisions and interest-bearing assets.
Shareholders’ equity
Shareholders’ equity at the end of the period.
Interest-bearing net debt
Interest-bearing provisions and liabilities less interest-bearing assets.
Capital turnover
Net turnover divided by average capital employed.
Interest coverage
Operating profit plus financial income divided by financial costs.
Net debt/equity ratio
Interest-bearing net debt divided by shareholders’ equity.
Share of risk-bearing capital
Shareholders’ equity plus deferred tax liability as a percentage of total assets.
Equity ratio
Shareholders’ equity as a percentage of total assets.
Self-financing ratio
Cash flow from operating activities, excluding paid and received items and paid tax, divided by investments in fixed assets.
Per share data
Earnings per share
Net profit divided by the average number of shares. For 2000 and 2001, net profit is divided with the number of shares at the end of 2001.
Equity per share
Shareholders’ equity at the end of the period divided by the number of shares at the end of the period.
Cash flow per share
Cash flow before financing activities divided by the average number of shares during the period. The 2001 figure was cash flow divided by the total number of shares at the end of the period.
P/E ratio
Share price at year-end divided by earnings per share.
EV/EBITDA
Stock market value plus interest-bearing net liabilities divided by the operating profit before depreciation and write-downs. (EBI TDA =Earnings Before Interest, Taxes, Depreciation and Amortisation.)