Reconcillation of Alternative Performance Measures

Q 1 Q 1 R 12
2019 2018 2018
Income before depreciation, MSEK
Operating profit/loss 35.6 34.5 114.8 113.7
Depreciation and write-down 13.9 11.4 51.7 49.2
Income before depreciation, MSEK 49.5 45.9 166.5 162.9
Operating margin, %
Operating profit/loss, MSEK 35.6 34.5 114.8 113.7
Turnover, MSEK 443.3 408.2 1 653.4 1 618.3
Operating margin, % 8.0 8.5 6.9 7.0
Profit margin, %
Income after financial items, MSEK 32.6 33.1 107.1 107.6
Turnover, MSEK 443.3 408.2 1 653.4 1 618.3
Profit margin, % 7.4 8.1 6.5 6.6
Return on equity, %
Net income for the period (annualised) 102.4 103.2 83.3 83.5
Total equity (average) 387.0 334.6 372.1 349.5
Return on equity, % 26.5 30.8 22.4 23.9
Return on capital employed, %
Income after financial items (annualised) 130.4 132.4 107.1 107.6
Financial expenses (annualised) 12.8 6.0 8.5 6.8
Total equity (average) 387.0 334.6 372.1 349.5
Interest-bearing liabilities and provisions (average) 201.4 116.1 187.5 130.0
Capital employed (average) 588.4 450.7 559.6 479.5
Return on capital employed, % 24.3 30.7 20.7 23.9
Liquidity reserve, MSEK
Liquid assets, closing balance 22.2 31.0 26.1
Granted not used credits 217.2 111.4 340.3
Liquidity reserve, MSEK 239.4 142.4 366.4
Net debt, MSEK
Interest-bearing liabilities and provisions 260.5 114.5 142.3
Liquid assets, closing balance 22.2 31.0 26.1
Net debt, MSEK 238.3 83.5 116.2
Net debt/EBITDA
Interest-bearing liabilities and provisions 260.5 114.5 142.3
Liquid assets, closing balance 22.2 31.0 26.1
EBITDA (rolling 12 months) 166.5 151.2 162.9
Net debt/EBITDA 1.4 0.6 0.7
Net debt/equity ratio
Interest-bearing liabilities and provisions 260.5 114.5 142.3
Liquid assets, closing balance 22.2 31.0 26.1
Total equity 399.6 344.6 374.4
Net debt/equity ratio 0.6 0.2 0.3
Equity ratio, %
Total equity 399.6 344.6 374.4
Balance sheet total 1004.9 790.4 918.3
Equity ratio, % 39.8 43.6 40.8
Capital turnover
Turnover (annualised) 1 773.2 1 632.8 1 653.4 1 618.3
Capital emplyed (average) 588.4 450.7 559.6 479.5
Capital turnover 3.0 3.6 3.0 3.4
Proportion of risk-bearing capital, %
Total equity 399.6 344.6 374.4
Deffered tax 34.7 30.6 37.7
Balance sheet total 1004.9 790.4 918.3
Proportion of risk-bearing capital, % 43.2 47.5 44.9
Interest coverage ratio
Income after financial items 32.6 33.1 107.1 107.6
Financial expenses 3.2 1.5 8.5 6.8
Interest coverage ratio 11.1 22.1 13.7 16.9
Net turnover per employee (average), TSEK
Turnover, MSEK 443.3 408.2 1 653.4 1 618.3
Average number of employees (full time) 464 451 463 459
Net turnover per employee (average), TSEK 955 905 3 571 3 526
Income after fin, per employee (average), TSEK
Income after financial items 32.6 33.1 107.1 107.6
Average number of employees (full time) 464 451 463 459
Income after fin, per employee (average), TSEK 70 73 231 234
Equity per share, SEK
Total equity 399.6 344.6 374.4
Non-controlling interests 13.7 13.4 13.0
Number of shares, end of period, thousands 7 399 7 399 7 399
Equity per share, SEK 52.16 44.76 48.84