Reconcillation of Alternative Performance Measures

Q4 Q4 Q 1-4 Q 1-4 R 12
2019 2018 2019 2018 2018
Income before depreciation, MSEK
Operating profit/loss 22.7 24.0 113.2 113.7 113.2 113.7
Depreciation and write-down 15.9 13.4 57.7 49.2 57.7 49.2
Income before depreciation, MSEK 38.6 37.4 170.9 162.9 170.9 162.9
Operating margin, %
Operating profit/loss, MSEK 22.7 24.0 113.2 113.7 113.2 113.7
Turnover, MSEK 381.9 414.3 1 622.1 1 618.3 1 622.1 1 618.3
Operating margin, % 5.9 5.8 7.0 7.0 7.0 7.0
Profit margin, %
Income after financial items, MSEK 23.5 22.5 101.9 107.6 101.9 107.6
Turnover, MSEK 381.9 414.3 1 622.1 1 618.3 1 622.1 1 618.3
Profit margin, % 6.2 5.4 6.3 6.6 6.3 6.6
Return on equity, %
Net income for the period (annualised) 75.6 68.4 80.5 83.5 80.5 83.5
Total equity (average) 407.2 363.6 395.7 349.5 395.7 349.5
Return on equity, % 18.6 18.8 20.3 23.9 20.3 23.9
Return on capital employed, %
Income after financial items (annualised) 94.0 90.0 101.9 107.6 101.9 107.6
Financial expenses (annualised) -5.2 8.0 11.7 6.8 11.7 6.8
Total equity (average) 407.2 363.6 395.7 349.5 395.7 349.5
Interest-bearing liabilities and provisions (average) 345.4 145.8 236.3 130.0 236.3 130.0
Capital employed (average) 752.6 509.4 631.9 479.5 631.9 479.5
Return on capital employed, % 11.8 19.2 18.0 23.9 18.0 23.9
Liquidity reserve, MSEK
Liquid assets, closing balance 29.9 26.1 26.1
Granted not used credits 116.9 340.3 340.3
Liquidity reserve, MSEK 146.8 366.4 366.4
Net debt, MSEK
Interest-bearing liabilities and provisions 330.2 142.3 142.3
Liquid assets, closing balance 29.9 26.1 26.1
Net debt, MSEK 300.3 116.2 116.2
Net debt/EBITDA
Interest-bearing liabilities and provisions 330.2 142.3 142.3
Liquid assets, closing balance 29.9 26.1 26.1
EBITDA (rolling 12 months) 170.9 162.9 162.9
Net debt/EBITDA 1.8 0.7 0.7
Net debt/equity ratio
Interest-bearing liabilities and provisions 330.2 142.3 142.3
Liquid assets, closing balance 29.9 26.1 26.1
Total equity 416.9 374.4 374.4
Net debt/equity ratio 0.7 0.3 0.3
Equity ratio, %
Total equity 416.9 374.4 374.4
Balance sheet total 1090.1 918.3 918.3
Equity ratio, % 38.2 40.8 40.8
Capital turnover
Turnover (annualised) 1 622.1 1 618.3 1 622.1 1 618.3
Capital emplyed (average) 631.9 479.5 631.9 479.5
Capital turnover 2.6 3.4 2.6 3.4
Proportion of risk-bearing capital, %
Total equity 416.9 374.4 374.4
Deffered tax 55.1 37.7 37.7
Balance sheet total 1090.1 918.3 918.3
Proportion of risk-bearing capital, % 43.3 44.9 44.9
Interest coverage ratio
Income after financial items 23.5 22.5 101.9 107.6 101.9 107.6
Financial expenses -1.3 2.0 11.7 6.8 11.7 6.8
Interest coverage ratio -17.4 12.4 9.7 16.9 9.7 16.9
Net turnover per employee (average), TSEK
Turnover, MSEK 381.9 414.3 1 622.1 1 618.3 1 622.1 1 618.3
Average number of employees (full time) 462 466 466 459 466 459
Net turnover per employee (average), TSEK 827 889 3 481 3 526 3 481 3 526
Income after fin, per employee (average), TSEK
Income after financial items 23.5 22.5 101.9 107.6 101.9 107.6
Average number of employees (full time) 462 466 466 459 466 459
Income after fin, per employee (average), TSEK 51 48 219 234 219 234
Equity per share, SEK
Total equity 416.9 374.4 374.4
Non-controlling interests 18.1 13.0 13.0
Number of shares, end of period, thousands 7 399 7 399 7 399
Equity per share, SEK 53.90 48.84 48.84