Reconcillation of Alternative Performance Measures

Q 3 Q 3 Q 1-3 Q 1-3 R 12
2018 2017 2018 2017 2017
Income before depreciation, MSEK
Operating profit/loss 22.4 20.7 89.7 79.1 114.5 103,9
Depreciation and write-down 11.0 7.7 35.8 26.5 46.5 37,2
Income before depreciation, MSEK 33.4 28.4 125.5 105.6 161.0 141,1
Operating margin, %
Operating profit/loss, MSEK 22.4 20.7 89.7 79.1 114.5 103,9
Turnover, MSEK 354.3 314.1 1 204.0 1 015.6 1 571.2 1 382,8
Operating margin, % 6.3 6.6 7.5 7.8 7.3 7,5
Profit margin, %
Income after financial items, MSEK 20.8 19.5 85.1 75.4 109.4 99,7
Turnover, MSEK 354.3 314.1 1 204.0 1 015.6 1 571.2 1 382,8
Profit margin, % 5.9 6.2 7.1 7.4 7.0 7,2
Return on equity, %
Net income for the period (annualised) 64.8 60.8 88.5 78.4 84.9 77,3
Total equity (average) 343.4 300.8 338.7 289.3 330.4 297,6
Return on equity, % 18.9 20.2 26.1 27.1 25.7 26,0
Return on capital employed, %
Income after financial items (annualised) 83.2 78.0 113.5 100.5 109.4 99,7
Financial expenses (annualised) 6.4 5.2 6.4 5.2 5.4 4,5
Total equity (average) 343.4 300.8 338.7 289.3 330.4 297,6
Interest-bearing liabilities and provisions (average) 143.3 124.8 133.5 112.9 137.6 108,8
Capital employed (average) 486.7 425.6 472.2 402.2 468.0 406,4
Return on capital employed, % 18.4 19.5 25.4 26.3 24.5 25,6
Liquidity reserve, MSEK
Liquid assets, closing balance 24.9 17.8 27,9
Granted not used credits 334.8 108.9 112,2
Liquidity reserve, MSEK 359.7 126.7 140,1
Net debt, MSEK
Interest-bearing liabilities and provisions 149.2 125.9 117,7
Liquid assets, closing balance 24.9 17.8 27,9
Net debt, MSEK 124.3 108.1 89,8
Net debt/EBITDA
Interest-bearing liabilities and provisions 149.2 125.9 117,7
Liquid assets, closing balance 24.9 17.8 27,9
EBITDA (rolling 12 months) 161.0 139.1 141,1
Net debt/EBITDA 0.8 0.8 0,6
Net debt/equity ratio
Interest-bearing liabilities and provisions 149.2 125.9 117,7
Liquid assets, closing balance 24.9 17.8 27,9
Total equity 352.8 308.0 324,6
Net debt/equity ratio 0.4 0.4 0,3
Equity ratio, %
Total equity 352.8 308.0 324,6
Balance sheet total 825.2 725.2 742,1
Equity ratio, % 42.8 42.5 43,7
Capital turnover
Turnover (annualised) 1 605.3 1 354.1 1 571.2 1 382,8
Capital emplyed (average) 472.2 402.2 468.0 406,4
Capital turnover 3.4 3.4 3.4 3,4
Proportion of risk-bearing capital, %
Total equity 352.8 308.0 324,6
Deffered tax 31.3 28.2 32,2
Balance sheet total 825.2 725.2 742,1
Proportion of risk-bearing capital, % 46.5 46.4 48,1
Interest coverage ratio
Income after financial items 20.8 19.5 85.1 75.4 109.4 99,7
Financial expenses 1.6 1.3 4.8 3.9 5.4 4,5
Interest coverage ratio 13.7 16.0 18.7 20.2 21.5 23,3
Net turnover per employee (average), TSEK
Turnover, MSEK 354.3 314.1 1 204.0 1 015.6 1 571.2 1 382,8
Average number of employees (full time) 463 450 457 428 456 442
Net turnover per employee (average), TSEK 765 698 2 635 2 373 3 446 3 129
Income after fin, per employee (average), TSEK
Income after financial items 20.8 19.5 85.1 75.4 109.4 99,7
Average number of employees (full time) 463 450 457 428 456 442,0
Income after fin, per employee (average), TSEK 45 43 186 176 240 226
Equity per share, SEK
Total equity 352.8 308.0 324,6
Non-controlling interests 11.6 12.5 12,1
Number of shares, end of period, thousands 7 399 7 399 7 399,0
Equity per share, SEK 46.11 39.94 42,24