Reconcillation of Alternative Performance Measures

Q2 Q2 Q 1-2 Q 1-2 R 12
2019 2018 2019 2018 2018
Income before depreciation, MSEK
Operating profit/loss 28.5 32.8 64.1 67.3 110.5 113.7
Depreciation and write-down 13.7 13.4 27.6 24.8 52.0 49.2
Income before depreciation, MSEK 42.2 46.2 91.7 92.1 162.5 162.9
Operating margin, %
Operating profit/loss, MSEK 28.5 32.8 64.1 67.3 110.5 113.7
Turnover, MSEK 441.4 441.5 884.7 849.7 1 653.3 1 618.3
Operating margin, % 6.5 7.4 7.2 7.9 6.7 7.0
Profit margin, %
Income after financial items, MSEK 24.1 31.2 56.7 64.3 100.0 107.6
Turnover, MSEK 441.4 441.5 884.7 849.7 1 653.3 1 618.3
Profit margin, % 5.5 7.1 6.4 7.6 6.0 6.6
Return on equity, %
Net income for the period (annualised) 76.0 97.6 89.2 100.4 77.9 83.5
Total equity (average) 390.4 339.3 377.8 329.3 357.6 349.5
Return on equity, % 19.5 28.8 23.6 30.5 21.8 23.9
Return on capital employed, %
Income after financial items (annualised) 96.4 124.8 113.4 128.6 100.0 107.6
Financial expenses (annualised) 18.8 6.8 15.8 6.4 11.5 6.8
Total equity (average) 390.4 339.3 377.8 329.3 357.6 349.5
Interest-bearing liabilities and provisions (average) 310.8 126.0 251.7 127.6 249.3 130.0
Capital employed (average) 701.2 465.2 629.5 456.8 606.8 479.5
Return on capital employed, % 16.4 28.3 20.5 29.6 18.4 23.9
Liquidity reserve, MSEK
Liquid assets, closing balance 29.0 30.7 26.1
Granted not used credits 112.6 83.0 340.3
Liquidity reserve, MSEK 141.6 113.7 366.4
Net debt, MSEK
Interest-bearing liabilities and provisions 361.1 137.4 142.3
Liquid assets, closing balance 29.0 30.7 26.1
Net debt, MSEK 332.1 106.7 116.2
Net debt/EBITDA
Interest-bearing liabilities and provisions 361.1 137.4 142.3
Liquid assets, closing balance 29.0 30.7 26.1
EBITDA (rolling 12 months) 162.5 156.0 162.9
Net debt/EBITDA 2.0 0.7 0.7
Net debt/equity ratio
Interest-bearing liabilities and provisions 361.1 137.4 142.3
Liquid assets, closing balance 29.0 30.7 26.1
Total equity 381.2 333.9 374.4
Net debt/equity ratio 0.9 0.3 0.3
Equity ratio, %
Total equity 381.2 333.9 374.4
Balance sheet total 1062.0 822.9 918.3
Equity ratio, % 35.9 40.6 40.8
Capital turnover
Turnover (annualised) 1 769.4 1 699.4 1 653.3 1 618.3
Capital emplyed (average) 629.5 456.8 606.8 479.5
Capital turnover 2.8 3.7 2.7 3.4
Proportion of risk-bearing capital, %
Total equity 381.2 333.9 374.4
Deffered tax 34.5 30.6 37.7
Balance sheet total 1062.0 822.9 918.3
Proportion of risk-bearing capital, % 39.1 44.3 44.9
Interest coverage ratio
Income after financial items 24.1 31.2 56.7 64.3 100.0 107.6
Financial expenses 4.7 1.7 7.9 3.2 11.5 6.8
Interest coverage ratio 5.2 20.6 8.7 21.3 10.1 16.9
Net turnover per employee (average), TSEK
Turnover, MSEK 441.4 441.5 884.7 849.7 1 653.3 1 618.3
Average number of employees (full time) 462 457 463 454 465 459
Net turnover per employee (average), TSEK 955 966 1 911 1 872 3 555 3 526
Income after fin, per employee (average), TSEK
Income after financial items 24.1 31.2 56.7 64.3 100.0 107.6
Average number of employees (full time) 462 457 463 454 465 459
Income after fin, per employee (average), TSEK 52 68 122 142 215 234
Equity per share, SEK
Total equity 381.2 333.9 374.4
Non-controlling interests 15.7 12.4 13.0
Number of shares, end of period, thousands 7 399 7 399 7 399
Equity per share, SEK 49.40 43.45 48.84