Definitions
Cost of goods sold:
Cost of goods sold including production and logistic costs.
Gross margin:
Gross profit as a percentage of net sales.
EBIT:
Operating income.
EBIT margin:
EBIT as a percentage of net sales.
EBITA:
Operating income adjusted for impairment of intangible assets and amortisation of goodwill.
EBITA margin:
EBITA as a percentage of net sales.
EBITDA:
Operating income before total depreciation and amortisation.
EBITDA margin:
EBITDA as a percentage of net sales.
Capital employed:
Non-interest bearing fixed assets and current assets, excluding deferred tax assets, less non-interest bearing liabilities.
Return on capital employed:
Operating income as a percentage of capital employed.
Return on shareholders’ equity:
Net income as a percentage of shareholders’ equity.
Number of employees:
The number of employees at end of period.
Currency adjusted:
Figures adjusted for changes in exchange rates. Figures for 2008 are calculated at exchange rates for 2007.
Earnings per share:
Net income divided by the average number of shares.
Net Interest-bearing debt:
Interest-bearing liabilities and pensions less cash and cash equivalents and interest-bearing receivables.