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Share 2016-09-29 17:29 RATOS B 40.64 SEK

Definitions*

Adjusted EBITA
EBITA minus items affecting comparability.

Adjusted EBITA margin
Adjusted EBITA expressed as a percentage of net sales.

Capital employed
Total assets minus non-interest bearing liabilities.

Cash flow before acquisition and disposal of companies
Refers to cash flow from operating activities including interest paid as well as investments and sales of non-current assets but before acquisition and disposal of companies.

Consolidated value
The Group’s share of the company’s equity, any residual consolidated surplus and deficit values minus any intra-Group profits. In addition, shareholder loans and capitalised interest on such loans are included.

Debt/equity ratio (multiple)
Interest-bearing liabilities in relation to equity.

Dividend yield
Dividend on ordinary shares expressed as a percentage of the Class B share’s market price.

Earnings per share
Profit for the period attributable to owners of the parent minus dividend for the period on preference shares divided by the average number of outstanding ordinary shares.

EBIT
(Earnings Before Interest and Tax). Profit before net financial items and tax.

EBITA
(Earnings Before Interest, Tax and Amortisation). Operating profit before impairment of goodwill as well as amortisation and impairment of other intangible assets that arose in conjunction with company acquisitions and equivalent transactions.

EBITA margin
EBITA expressed as a percentage of net sales.

EBITDA
(Earnings Before Interest, Tax, Depreciation and Amortisation). Profit before depreciation and impairment.

EBT
(Earnings Before Tax) Profit before tax.

EBT margin
EBT as a percentage of net sales.

Enterprise value
Market value of the shares plus interest-bearing net debt.

Equity per share
Equity attributable to owners of the parent minus preference capital outstanding divided by the number of outstanding ordinary shares at the end of the period.

Equity ratio
Reported equity expressed as a percentage of total assets. Non-controlling interests are included in equity.

Exit gain/loss
Exit gain/loss is the capital gain or loss which arises when a company is sold.

Interest-bearing net debt
Interest-bearing liabilities and pension provisions minus interest-bearing assets and cash and cash equivalents.

IRR
(Internal Rate of Return) Annual average return on the invested amount calculated from the original investment, final selling amount and other capital flows, taking into account when in time all these payments were made to or from Ratos.

P/E-ratio
Market share price for B share in relation to earnings per share.

Portfolio performance measures
The following performance measures are presented for Ratos’s company portfolio – both for the companies in their entirety (100% of the holdings in the companies) regardless of Ratos’s holding and adjusted for the size of Ratos’s holding in each company.

Net sales in the portfolio
Net sales for the entire current period and comparative periods in the companies included in the portfolio at the end of the reporting period

EBITA in the portfolio
(Earnings before interest, tax and amortisation) Operating profit for the entire current period and comparative periods in the companies included in the portfolio at the end of the reporting period before impairment of goodwill as well as amortisation and impairment of other intangible assets arising in conjunction with company acquisitions and equivalent transactions.

Adjusted EBITA in the portfolio
EBITA in the portfolio according to the above definition, adjusted for items affecting comparability.

Adjusted EBITA margin in the portfolio
Adjusted EBITA in the portfolio expressed as a percentage of net sales in the portfolio.

Items affecting comparability
Income items that have a material impact on earnings in the company and, if it is not highlighted, would lead to difficulty in understanding the company’s underlying operational development and/or valuation

Preference capital
Preference capital amounts to SEK 1,360m (SEK 1,837.50 per preference share), which corresponds to the redemption amount after the 2017 Annual General Meeting.

Return on capital employed
Profit before interest expenses and tax expressed as a percentage of average capital employed.

Return on equity
Profit for the year attributable to owners of the parent divided by average equity attributable to owners of the parent.

Total return
Price development of B shares including reinvested dividends on ordinary shares.

Turnover rate
Number of B shares trading during a year in relation to the total number of B shares outstanding.

 

* Relates to B shares unless otherwise specified.