Calculcation of key figures

On this page, you can find definitions of financial key indicators.

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Definitions of financial key indicators

Key figure 

Definition 

EBITDA 

Operating result before depreciation and amortization 

EBITDA margin, % 

EBITDA / Net sales 

Comparable operating result 

Operating result excluding items affecting comparability 

Comparable operating margin, % 

Comparable operating result / Net sales 

Comparable EBITDA 

 

EBITDA excluding items affecting comparability 

Comparable EBITDA margin, % 

Comparable EBITDA / Net sales 

Comparable EBITDA without IFRS 16 impact  

Comparable EBITDA – IFRS 16 impact  

Borrowings 

Non-current borrowings + Current borrowings 

Net debt 

 

 

Net debt without IFRS 16 impact 

Borrowings + Non-current and current lease liabilities – Cash and cash equivalents 

 

Borrowings – Cash and cash equivalents 

Gearing, % 

 

Gearing without IFRS 16 impact, % 

 

Net debt / Total equity  

 

Net debt without IFRS 16 impact/ Total equity  

 

Equity ratio, % 

 

Equity ratio without IFRS 16 impact, % 

Total equity / (Total assets – Advances received) 

 

Total equity/ (Total assets - Right of use assets - Advances received) 

 

Net debt / Comparable EBITDA 

 

Net debt/ comparable EBITDA without IFRS 16 impact 

Net debt / Comparable EBITDA 

 

Net debt/ Comparable EBITDA without IFRS 16 impact  

Earnings / share 

Result for the period attributable to shareholders of the parent company/Share-issue adjusted number of shares during the period