Welding fume extraction solutions

Definitions

Adjusted EBITDA
Operating profit before depreciation/amortisation and impairment loss, excluding acquisition and restructuring costs

Adjusted EBITDA margin
Adjusted EBITDA as percentage of net sales

Adjusted operating margin

Adjusted operating profit as percentage of net sales

Adjusted operating profit
Operating profit excluding acquisition and restructuring costs

Annual average
Average of year-beginning and year-end balance

Capital turnover rate
Net sales divided by average operating capital

Earnings per share (after dilution)
Net profit attributable to Parent Company shareholders in relation to average number of shares outstanding plus the average number of convertibles and options, as calculated in accordance with IAS 33

Earnings per share (before dilution)
Net profit attributable to Parent Company shareholders divided by average number of shares outstanding

EBITDA
Operating profit before depreciation/amortisation and impairment loss

EBITDA margin
EBITDA as a percentage of net sales

Equity per share
Shareholders’ equity divided by average number of shares outstanding

Equity ratio
Equity divided by total assets (balance sheet total)

Interest cover ratio
Profit before tax plus financial expenses in relation to financial expenses

Net debt
Interest bearing liabilities (including pensions) minus cash and cash equivalents

Net debt/equity ratio
Net debt divided by closing equity at the end of the period

Operating capital
Shareholders’ equity plus net debt

Operating margin
Operating profit as percentage of net sales

Operating profit
Operating profit after depreciation/amortisation and impairment loss

Organic growth
Growth rate that does not come from acquisitions or currency effects, compared with the corresponding period in the previous year

Return on equity
Net profit for the period divided by average equity

Return on operating capital
Adjusted operating profit as a percentage of average operating capital