Financial performance measures not defined under IFRS
The company presents certain financial performance measures that are not defined under IFRS. The company believes these measures provide valuable supplementary information to investors and company management for several reasons, including that they facilitate evaluation of the company's performance. For example, the key figure of EBITDA is reported because it illustrates the company’s underlying results of operations without the effects of depreciation and amortisation, thus providing a more comparable performance measure because depreciation and amortisation refer to historical investments. The company has also chosen to report the key figure of Adjusted EBITDA/EBIT to show underlying results of operations excluding non-recurring items, such as capital gains or losses, IPO costs as well as acquisition, restructuring and integration costs. As all companies do not calculate financial performance measures in the same way, these are not always comparable to the performance measures used by other companies. These financial performance measures should therefore not be considered substitutes for performance measures defined under IFRS.
Return on equity
Profit or loss for the year divided by average
Return on total equity
Profit or loss for the year divided by average total assets.
Gross profit or loss
Net sales less the cost of goods and services
Gross profit or loss as a percentage of net sales.
EBIT margin/Adjusted EBIT margin
EBIT/Adjusted EBIT as a percentage of net sales.
EBITDA margin/Adjusted EBITDA margin
EBITDA/Adjusted EBITDA as a percentage of net sales.
Equity per share
Equity at the end of the period attributable to
parent company shareholders divided by the number of shares
outstanding at the end of the period.
Average total assets
Total assets at the end of the previous year plus total assets at the end of the year divided by two.
Average total equity
Total equity at the end of the previous year plus total equity at the end of the year divided by two.
EBIT adjusted for items affecting comparability that have affected EBIT.
EBITDA adjusted for items affecting comparability that have affected EBITDA.
Adjusted EBITDA per share
EBITDA divided by the volume-weighted average number of shares outstanding in the period after dilution. Items affecting comparability Non-recurring items such as capital gains or losses, impairment losses, IPO costs, acquisition costs, integration costs and restructuring costs.
Profit or loss for the period as a percentage of net
Interest-bearing liabilities less cash and cash equivalents.
Change in net sales excluding the contributions
of acquired entities to net sales as a percentage of net sales in the
Basic/diluted earnings per share
Profit or loss for the period attributable to parent company shareholders divided by the volume-weighted average number of shares outstanding before/after dilution.
Bank loans and financial lease liabilities.
Interest coverage ratio
EBIT plus interest income divided by interest expenses.
Profit or loss for the period before financial income, financial expenses and tax.
Profit or loss for the period before financial income, financial expenses, tax and amortisation and depreciation of property, plant and equipment and intangible assets.
Equity as a percentage of total assets.
Net debt divided by Adjusted EBITDA.
Operational performance measures
The average number of women as a percentage of the average total number of employees during the period, restated as full-time equivalents.
Average number of employees
Average number of employees during the period restated as full-time equivalents.
Capital brokered by Tessin from investors to real estate developers