Key figure definitions

Vitec applies the following definitions of financial key figures.

Non-IFRS performance measures

Recurring revenues

Recurring, contractual revenues where there is no direct connection between our work input and agreed price. The agreed amount is usually invoiced in advance and the revenue is booked during the contract period.

Portion of recurring revenue

Recurring revenues in relation to net sales.

Growth

Development of the company’s net sales in relation to the same period of the previous year.

Organic growth

Development of the company’s net sales, excluding companies acquired during the year, in relation to the same period of the previous year.

Profit growth to Parent Company shareholders

Development of the company’s profit after tax in relation to the same period of the previous year.

Profit margin

The period’s profit after tax in relation to net sales.

Operating margin

Operating profit in relation to net sales.

EBITDA

The profit for the period before net financial items, tax and depreciation/amortization.

Equity/assets ratio

Shareholders' equity, including equity attributable to non-controlling interests, in relation to total assets.

Equity/assets ratios after full conversion

Equity and convertible debentures in relation to total assets.

Debt/equity ratio

Average liabilities in relation to average shareholders' equity and non-controlling interests.

Average equity

Average of the period’s equity attributable to the Parent Company shareholders and the previous period’s equity attributable to the Parent Company shareholders.

Return on capital employed

Profit after financial items plus interest expenses in relation to average capital employed. Capital employed is defined as total assets less non interest-bearing liabilities and deferred tax.

Return on equity

Reported profit after tax in relation to average shareholders’ equity attributable to Parent Company shareholders.

Sales per employee

Net sales in relation to average number of employees.

Value added per employee

Operating profit, plus depreciation and personnel costs in relation to the average number of employees.

Personnel cost per employee

Personnel costs relative to the average number of employees

Average number of employees

Average number of employees in the Group during the financial year.

Adjusted equity per share

Equity attributable to Parent Company shareholders in relation to the number of shares issued at the closing date.
The measure shows equity per share on the balance sheet date.

Cash flow per share

Cash flow from operating activities before the change in operating capital in relation to the average number of shares
Used to monitor the company’s development of cash flow per share.

P/E ratio

Share price on the closing date in relation to earnings per share.
Generally accepted measure to measure the share’s price compared with profit after tax.

P/Adjusted equity per share

The share price on the closing date multiplied by the number of shares issued on the closing date in relation to the equity.
 Generally accepted measure to measure the share’s price compared with adjusted equity.

P/S

The share price on the closing date multiplied by the average number of shares in relation to net sales.
Generally accepted measure to measure the share’s price compared with sales.

Average number of shares after dilution

Average number of shares during the period with addition of the number of shares added after full conversion of convertibles.
The underlying measure used for the calculation of other key performance indicators.

IFRS performance measures

Earnings per share

Profit after tax attributable to the Parent Company’s shareholders in relation to the average number of shares during te period.

Earnings per share after dilution

Profit after tax attributable to Parent Company shareholders plus interest expenses regarding convertible debentures, in relation to average number of shares after dilution.