# Definitions

##### Earnings per share after dilution

Net profit for the period attributable to owners of the parent divided by the average number of shares outstanding after dilution.

##### Earnings per share before dilution

Net profit for the period attributable to owners of the parent divided by the average number of shares outstanding. Definition according to IFRS.

##### EBITA

Operating profit before amortisation of intangible non-current assets arising in connection with company acquisitions (Earnings Before Interest, Tax and Amortisation).

##### EBITA-margin

EBITA divided by net sales.

##### EBITDA

Operating profit before depreciation and amortisation (Earnings Before Interest, Tax, Depreciation and Amortisation).

##### Equity per share

Shareholders' equity attributable to owners of the parent divided by the number of shares outstanding

##### Equity ratio

Shareholders' equity divided by total assets.

##### Gross margin

Gross profit divided by net sales.

##### Interest-bearing net debt

Interest-bearing liabilities including pension liability and estimated earn-outs for acquisitions, less cash and cash equivalents.

##### Interest coverage ratio

Operating profit before interest income divided by interest expenses.

##### Net capital expenditures

Purchases less sales of intangible assets and of property, plant and equipment, excluding those included in acquisitions and divestments of subsidiaries and operations.

##### Net debt/EBITDA

Interest-bearing net debt at the end of the period divided by EBITDA on a 12-month rolling basis.

##### Net debt/equity ratio

Interest-bearing net debt divided by shareholders' equity.

##### Operating capital

Shareholders' equity plus interest-bearing net debt.

##### Return on equity

Net profit for the period on a 12-month rolling basis divided by average shareholders' equity per month.

##### Return on operating capital

EBITA calculated on a 12-month rolling basis divided by average operating capital per month.