Ordinary profit before taxes divided by Net
Sales.
TRADING
VOLUME, %
Number of shares traded during the period
as a percentage of average number of outstanding
shares.
CAPITAL
EMPLOYED
Total assets less non-interest bearing liabilities.
In business units, cash and financial assets
are excluded.
MARKET
CAPITALISATION 1)
Number of shares multiplied by share price
at the end of the year.
RETURN
ON CAPITAL EMPLOYED
Ordinary profit before taxes plus interest
expenses and other financial expenses as a
percentage of average capital employed.
Operating profit for the business unit as
a percentage of average capital.
EARNINGS
PER SHARE 1)
Earnings, defined as ordinary net profit,
divided by average number of shares. Own shares
are deducted from the date of repurchase.
RETURN
ON EQUITY 1)
Ordinary net profit less minority interest
as a percentage of average shareholders’
equity and minority.
DIVIDEND
PER EARNINGS 2)
Dividend per share as a percentage of earnings
per share. Dividend is weighted with respect
to old and new shares.
FREE CASH
FLOW
See Cash Flow Statement
EFFECTIVE
DIVIDEND YIELD
Dividend per share as a percentage of market
share price at 31 Dec.
NET DEBT
Interest bearing debt less cash, short-term
investments and bonds.
EQUITY PER
SHARE 1)
Shareholders’ equity divided by the
number of shares at 31 Dec.
NET GEARING
1)
Net debt as a percentage of equity plus minority
interest.
P/E MULTIPLE
Market share price at 31 Dec divided by earnings
per share.
INTEREST
COVER
Ordinary profit before taxes plus interest
expenses divided by the interest expenses.
AVERAGE
NUMBER OF EMPLOYEES
Calculated from month-end figures and adjusted
for part-time employees.
EQUITY
RATIO 1)
Shareholders’ equity plus minority interest
as a percentage of total assets.
INVESTMENTS
Includes corporate acquisitions.
AVERAGE
TRADING PRICE
Value of trading volume divided by the volume
traded.
SHARE ISSUE ADJUSTMENTS
The numbers of shares are fully comparable
for the whole five-year period.
1)
Effect of own shares eliminated.
2)
Dividend is weighted with respect to old and
new shares.
