Reconcillation of Alternative Performance Measures

Q 4 Q 4 Q 1-4 Q 1-4 R 12
2018 2017 2018 2017 2017
Income before depreciation, MSEK
Operating profit/loss 24.0 24.8 113.7 103.9 113.7 103.9
Depreciation and write-down 13.4 10.7 49.2 37.2 49.2 37.2
Income before depreciation, MSEK 37.4 35.5 162.9 141.1 162.9 141.1
Operating margin, %
Operating profit/loss, MSEK 24.0 24.8 113.7 103.9 113.7 103.9
Turnover, MSEK 414.3 367.2 1 618.3 1 382.8 1 618.3 1 382.8
Operating margin, % 5.8 6.8 7.0 7.5 7.0 7.5
Profit margin, %
Income after financial items, MSEK 22.5 24.3 107.6 99.7 107.6 99.7
Turnover, MSEK 414.3 367.2 1 618.3 1 382.8 1 618.3 1 382.8
Profit margin, % 5.4 6.6 6.6 7.2 6.6 7.2
Return on equity, %
Net income for the period (annualised) 68.4 74.0 83.5 77.3 83.5 77.3
Total equity (average) 363.6 316.3 349.5 297.6 349.5 297.6
Return on equity, % 18.8 23.4 23.9 26.0 23.9 26.0
Return on capital employed, %
Income after financial items (annualised) 90.0 97.2 107.6 99.7 107.6 99.7
Financial expenses (annualised) 8.0 2.4 6.8 4.5 6.8 4.5
Total equity (average) 363.6 316.3 349.5 297.6 349.5 297.6
Interest-bearing liabilities and provisions (average) 145.8 121.8 130.0 108.8 130.0 108.8
Capital employed (average) 509.4 438.1 479.5 406.4 479.5 406.4
Return on capital employed, % 19.2 22.7 23.9 25.6 23.9 25.6
Liquidity reserve, MSEK
Liquid assets, closing balance 26.1 27.9 27.9
Granted not used credits 340.3 112.2 112.2
Liquidity reserve, MSEK 366.4 140.1 140.1
Net debt, MSEK
Interest-bearing liabilities and provisions 142.3 117.7 117.7
Liquid assets, closing balance 26.1 27.9 27.9
Net debt, MSEK 116.2 89.8 89.8
Net debt/EBITDA
Interest-bearing liabilities and provisions 142.3 117.7 117.7
Liquid assets, closing balance 26.1 27.9 27.9
EBITDA (rolling 12 months) 162.9 141.1 141.1
Net debt/EBITDA 0.7 0.6 0.6
Net debt/equity ratio
Interest-bearing liabilities and provisions 142.3 117.7 117.7
Liquid assets, closing balance 26.1 27.9 27.9
Total equity 374.4 324.6 324.6
Net debt/equity ratio 0.3 0.3 0.3
Equity ratio, %
Total equity 374.4 324.6 324.6
Balance sheet total 918.3 742.1 742.1
Equity ratio, % 40.8 43.7 43.7
Capital turnover
Turnover (annualised) 1 618.3 1 382.8 1 618.3 1 382.8
Capital emplyed (average) 479.5 406.4 479.5 406.4
Capital turnover 3.4 3.4 3.4 3.4
Proportion of risk-bearing capital, %
Total equity 374.4 324.6 324.6
Deffered tax 37.7 32.2 32.2
Balance sheet total 918.3 742.1 742.1
Proportion of risk-bearing capital, % 44.9 48.1 48.1
Interest coverage ratio
Income after financial items 22.5 24.3 107.6 99.7 107.6 99.7
Financial expenses 2.0 0.6 6.8 4.5 6.8 4.5
Interest coverage ratio 12.4 46.4 16.9 23.3 16.4 23.3
Net turnover per employee (average), TSEK
Turnover, MSEK 414.3 367.2 1 618.3 1 382.8 1 618.3 1 382.8
Average number of employees (full time) 466 452 459 442 459 442
Net turnover per employee (average), TSEK 889 812 3 526 3 129 3 526 3 129
Income after fin, per employee (average), TSEK
Income after financial items 22.5 24.3 107.6 99.7 107.6 99.7
Average number of employees (full time) 466 452 459 442 459 442
Income after fin, per employee (average), TSEK 48 54 234 226 234 226
Equity per share, SEK
Total equity 374.4 324.6 324.6
Non-controlling interests 13.0 12.1 12.1
Number of shares, end of period, thousands 7 399 7 399 7 399
Equity per share, SEK 48.84 42.24 42.24