Reconcillation of Alternative Performance Measures

Q3 Q3 Q 1-3 Q 1-3 R 12
2019 2018 2019 2018 2018
Income before depreciation, MSEK 26.4 22.4 90.5 89.7 114.5 113.7
Operating profit/loss 14.2 11.0 41.8 35.8 55.2 49.2
Depreciation and write-down 40.6 33.4 132.3 125.5 169.7 162.9
Income before depreciation, MSEK
Operating margin, % 26.4 22.4 90.5 89.7 114.5 113.7
Operating profit/loss, MSEK 355.5 354.3 1 240.2 1 204.0 1 654.5 1 618.3
Turnover, MSEK 7.4 6.3 7.3 7.5 6.9 7.0
Operating margin, %
Profit margin, % 21.7 20.8 78.4 85.1 100.9 107.6
Income after financial items, MSEK 355.5 354.3 1 240.2 1 204.0 1 654.5 1 618.3
Turnover, MSEK 6.1 5.9 6.3 7.1 6.1 6.6
Profit margin, %
Return on equity, % 68.0 64.8 82.1 88.5 78.7 83.5
Net income for the period (annualised) 389.4 343.4 386.0 338.7 375.2 349.5
Total equity (average) 17.5 18.9 21.3 26.1 21.0 23.9
Return on equity, %
Return on capital employed, % 86.8 83.2 104.5 113.5 100.9 107.6
Income after financial items (annualised) 20.4 6.4 17.3 6.4 15.0 6.8
Financial expenses (annualised) 389.4 343.4 386.0 338.7 375.2 349.5
Total equity (average) 360.9 143.3 251.5 133.5 254.9 130.0
Interest-bearing liabilities and provisions (average) 750.2 486.7 637.4 472.2 630.1 479.5
Capital employed (average) 14.3 18.4 19.1 25.4 18.4 23.9
Return on capital employed, %
Liquidity reserve, MSEK
Liquid assets, closing balance 72.4 24.9 26.1
Granted not used credits 158.4 334.8 340.3
Liquidity reserve, MSEK 230.8 359.7 366.4
Net debt, MSEK
Interest-bearing liabilities and provisions 360.6 149.2 142.3
Liquid assets, closing balance 72.4 24.9 26.1
Net debt, MSEK 288.2 124.3 116.2
Net debt/EBITDA
Interest-bearing liabilities and provisions 360.6 149.2 142.3
Liquid assets, closing balance 72.4 24.9 26.1
EBITDA (rolling 12 months) 169.7 161.0 162.9
Net debt/EBITDA 1.7 0.8 0.7
Net debt/equity ratio
Interest-bearing liabilities and provisions 360.6 149.2 142.3
Liquid assets, closing balance 72.4 24.9 26.1
Total equity 397.5 352.8 374.4
Net debt/equity ratio 0.7 0.4 0.3
Equity ratio, %
Total equity 397.5 352.8 374.4
Balance sheet total 1133.9 825.2 918.3
Equity ratio, % 35.1 42.8 40.8
Capital turnover
Turnover (annualised) 1 653.6 1 605.3 1 654.5 1 618.3
Capital emplyed (average) 637.4 472.2 630.1 479.5
Capital turnover 2.6 3.4 2.6 3.4
Proportion of risk-bearing capital, %
Total equity 397.5 352.8 374.4
Deffered tax 34.8 31.3 37.7
Balance sheet total 1133.9 825.2 918.3
Proportion of risk-bearing capital, % 38.1 46.5 44.9
Interest coverage ratio
Income after financial items 21.7 20.8 78.4 85.1 100.9 107.6
Financial expenses 5.1 1.6 13.0 4.8 15.0 6.8
Interest coverage ratio 4.9 13.7 7.0 18.7 7.7 16.9
Net turnover per employee (average), TSEK
Turnover, MSEK 355.5 354.3 1 240.2 1 204.0 1 654.5 1 618.3
Average number of employees (full time) 475 463 467 457 456 459
Net turnover per employee (average), TSEK 748 765 2 656 2 635 3 628 3 526
Income after fin, per employee (average), TSEK
Income after financial items 21.7 20.8 78.4 85.1 100.9 107.6
Average number of employees (full time) 475 463 467 457 456 459
Income after fin, per employee (average), TSEK 46 45 168 186 221 234
Equity per share, SEK
Total equity 397.5 352.8 374.4
Non-controlling interests 18.7 11.6 13.0
Number of shares, end of period, thousands 7 399 7 399 7 399
Equity per share, SEK 51.20 46.11 48.84