Key figure definitions

Vitec applies the following definitions of financial key figures.

Profit margin

Profit after tax through net turnover.

Operating margin

Operating profit through net turnover.

Equity/assets ratio

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

Debt/equity ratio

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

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.

Sales per employee

Net sales in relation to average number of employees.

Value added per employee

Operating profit before profit from shares in associated companies, plus
depreciation and staff costs in relation to the average number of employees.

Adjusted equity per share

Equity in relation to the number of shares issued at the closing date.

Earnings per share

Profit for the year attributable to the Parent Company's shareholders in
relation to the average number of shares.

Cash flow per share

Cash flow from operating activities before the change in operating capital
in relation to the average number of shares.

P/E ratio

Share price on the closing date in relation to earnings per share.

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.

P/S

The share price on the closing date multiplied by the average number of
shares in relation to net sales.