Operating result before depreciation and amortisation.
EBITDA as a percentage of net sales.
Operating result after depreciation and amortisation as a percentage of net sales.
Return on shareholders’ equity
Result of the year as a percentage of average shareholders’ equity.
Balance sheet total less interest-bearing assets, tax assets and non-interest-bearing operating liabilities, including pension provisions.
Return on operating capital
Operating result as a percentage of operating capital, based on most recent 12 month period.
Net Interest-bearing liability
Interest-bearing assets (including cash and equivalents) less interest-bearing liabilities.
Interest-bearing net debt divided by shareholders’ equity including non-controlling interests.
Shareholders’ equity including non-controlling interests as a percentage of total assets
Earnings per share
Result for the period - Non controlling interest divided by the average number of shares outstanding.
Equity per share (EPS)
Shareholders’ equity divided by the number of shares outstanding at the end of the period.
Comparable earnings per share excluding merger related items (PPA)
Comparable result for the period excluding merger related items - Non controlling interest divided by the average number of shares outstanding.
Number of hours worked divided by normal annual working hours.
Interest bearing liabilities and assets
Liabilities and assets which have a contractual obligation/right to pay/receive interest to/from a financial institution.
Items affecting comparability
Income or expense arising from exceptional transactions that are not related to recurring business operations.
Alternative Performance Measures
Ahlstrom-Munksjö has adopted the European Securities and Markets Authority (ESMA) guidelines on Alternative Performance Measures to reflect the underlying business performance and improve comparability. These measures should, however, not be considered as a substitute for measures of performance in accordance with IFRS. Alternative performance measures are derived from performance measures reported in accordance with IFRS by adding or deducting the items affecting comparability (IAC), or purchase price allocation (PPA,) and they are called Comparable.