Definitions of key data

Income measures  
Gross profit Net sales less costs of goods sold
EBITDA Earnings before interest, tax, depreciation and amortisation
Operating EBITDA EBITDA before items affecting comparability
EBITA Earnings after depreciation, amortisation and impairment but before deduction for impairment of goodwill as well as amortisation and impairment of other intangible assets that arose in conjunction with company acquisitions
Operating EBITA EBITA before items affecting comparability
Operating profit (EBIT) Earnings before interest and tax
Item affecting comparability An income statement item that is non-recurring, has a significant impact on profit and is important for understanding the underlying development of operations. In particular, the costs are attributable to restructuring measures during a consolidation phase, in which the company is streamlining its opera- tions through, among other things, closures of production facilities and sales units. These expenses consist primarily of impairment of assets, personnel costs and other external expenses.                                                 
   
Margin measures  
Gross margin, % Gross profit as a percentage of net sales for the period
EBITDA margin, % EBITDA as a percentage of net sales for the period
Operating EBITDA margin, % Operating EBITDA as a percentage of net sales for the period
EBITA margin, % EBITA as a percentage of net sales for the period
Operating EBITA margin, % Operating EBITA as a percentage of net sales for the period
Operating margin (EBIT), % Operating profit (EBIT) as a percentage of net sales for the period
   
Cash flow  
Cash flow from operating activities Cash flow from operating activites after changes in working capital
Gross investments Acquisitions of tangible and intangible non-current assets 
   
Capital structure  
Net debt Interest-bearing liabilities and interest-bearing provisions less interest-bearing assets, including cash and equivalents
Net debt/operating EBITDA Net debt in relation to operating EBITDA for the last 12 months (LTM) 
Net debt/equity ratio Net debt in relation to shareholders’ equity
Interest cover ratio Profit after net financial items plus financial expenses in relation to financial expenses
Equity/assets ratio Shareholders’ equity including non-controlling interests as a percentage of total assets
Capital employed Total assets less non-interest-bearing provisions and liabilities
Operating capital Total assets less cash and equivalents, other interest-bearing assets and non-interest-bearing provisions and liabilities
   
Return measures  
Return on shareholders' equity Profit after tax attributable to Parent Company shareholders as a percentage of average shareholders’ equity, excluding non-controlling interests
Return on capital employed Profit after net financial items plus financial expenses as a percentage of average capital employed
Return on operating capital Operating profit (EBIT) as a percentage of average operating capital
   
Share data  
Earnings per share before dilution Profit after tax for the period attributable to Parent Company shareholders divided by the weighted average number of outstanding shares for the period before dilution
Earnings per share after dilution Profit after tax for the period attributable to Parent Company shareholders divided by the weighted average number of outstanding shares for the period after dilution
Shareholders' equity per share before dilution Shareholders' equity attributable to Parent Company shareholders divided by the number of outstanding shares at the end of the period before dilution
Shareholders' equity per share after dilution Shareholders' equity attributable to Parent Company shareholders divided by the number of outstanding shares at the end of the period after dilution