Reconcillation of Alternative Performance Measures

Q2 Q2 Q1-Q2 Q1-Q2 R 12
2020 2019 2020 2019 2019
Income before depreciation, MSEK
Operating profit/loss 1.4 28.5 27.4 64.1 76.5 113.2
Depreciation and write-down 16.6 13.7 33.0 27.6 63.1 57.7
Income before depreciation, MSEK 18.0 42.2 60.4 91.7 139.6 170.9
Operating margin, %
Operating profit/loss, MSEK 1.4 28.5 27.4 64.1 76.5 113.2
Turnover, MSEK 316.8 441.4 717.9 884.7 1 455.3 1 622.1
Operating margin, % 0.4 6.5 3.8 7.2 5.3 7.0
Profit margin, %
Income after financial items, MSEK 5.9 24.1 20.4 56.7 65.6 101.9
Turnover, MSEK 316.8 441.4 717.9 884.7 1 455.3 1 622.1
Profit margin, % 1.9 5.5 2.8 6.4 4.5 6.3
Return on equity, %
Net income for the period (annualised) 18.8 76.0 32.2 89.2 52.0 80.5
Total equity (average) 429.3 390.4 425.6 377.8 407.7 395.7
Return on equity, % 4.4 19.5 7.6 23.6 12.8 20.3
Return on capital employed, %
Income after financial items (annualised) 23.6 96.4 40.8 113.4 65.6 101.9
Financial expenses (annualised) -17.6 18.8 14.2 15.8 10.9 11.7
Total equity (average) 429.3 390.4 425.6 377.8 407.7 395.7
Interest-bearing liabilities and provisions (average) 368.5 310.8 343.3 251.7 358.7 236.3
Capital employed (average) 797.8 701.2 768.8 629.5 766.4 631.9
Return on capital employed, % 0.8 16.4 7.2 20.5 10.0 18.0
Liquidity reserve, MSEK
Liquid assets, closing balance 42.7 29.0 29.9
Granted not used credits 133.9 112.6 116.9
Liquidity reserve, MSEK 176.6 141.6 146.8
Net debt, MSEK
Interest-bearing liabilities and provisions 356.3 361.1 330.2
Liquid assets, closing balance 42.7 29.0 29.9
Net debt, MSEK 313.6 332.1 300.3
Net debt/EBITDA
Interest-bearing liabilities and provisions 356.3 361.1 330.2
Liquid assets, closing balance 42.7 29.0 29.9
EBITDA (rolling 12 months) 139.6 162.5 170.9
Net debt/EBITDA 2.2 2.0 1.8
Net debt/equity ratio
Interest-bearing liabilities and provisions 356.3 361.1 330.2
Liquid assets, closing balance 42.7 29.0 29.9
Total equity 434.2 381.2 416.9
Net debt/equity ratio 0.7 0.9 0.7
Equity ratio, %
Total equity 434.2 381.2 416.9
Balance sheet total 1108.6 1062.0 1090.1
Equity ratio, % 39.2 35.9 38.2
Capital turnover
Turnover (annualised) 1 435.8 1 769.4 1 455.3 1 622.1
Capital emplyed (average) 768.8 629.5 766.4 631.9
Capital turnover 1.9 2.8 1.9 2.6
Proportion of risk-bearing capital, %
Total equity 434.2 381.2 416.9
Deffered tax 55.4 34.5 55.1
Balance sheet total 1108.6 1062.0 1090.1
Proportion of risk-bearing capital, % 44.2 39.1 43.3
Interest coverage ratio
Income after financial items 5.9 24.1 20.4 56.7 65.6 101.9
Financial expenses -4.4 4.7 7.1 7.9 10.9 11.7
Interest coverage ratio 2.5 5.2 3.9 8.7 6.8 9.7
Net turnover per employee (average), TSEK
Turnover, MSEK 316.8 441.4 717.9 884.7 1 455.3 1 622.1
Average number of employees (full time) 455 462 458 463 463 466
Net turnover per employee (average), TSEK 696 955 1 567 1 911 3 143 3 481
Income after fin, per employee (average), TSEK
Income after financial items 5.9 24.1 20.4 56.7 65.6 101.9
Average number of employees (full time) 455 462 458 463 463 466
Income after fin, per employee (average), TSEK 13 52 45 122 142 219
Equity per share, SEK
Total equity 434.2 381.2 416.9
Non-controlling interests 20.8 15.7 18.1
Number of shares, end of period, thousands 7 399 7 399 7 399
Equity per share, SEK 55.87 49.40 53.90