Definitions

Key performance measures Description
Organic growth  Sales growth excluding differences in the number of days worked, exchange rate fluctuations and acquisitions. 
EBIT margin, % Operating profit (EBIT) as a percentage of net sales.
EBITA Operating profit/loss excluding amortisation and impairment of intangible fixed assets.
EBITA margin, % EBITA as a percentage of total net sales.
Adjusted EBITA EBITA excluding items impacting comparability.
Adjusted EBITA margin, % EBITA excluding items impacting comparability as a percentage of net sales.
EBITDA  Operating profit/loss excluding amortisation/depreciation and impairment of intangible fixed assets and property, plant and equipment.
Adjusted EBITDA EBITDA excluding items impacting comparability.
Operating cash flows Cash flows that are based on business operations, excluding financial transactions, taxes and acquisitions and divestment of operations. 
Operating cash flows/EBITDA (cash conversion) Operating cash flows in relation to EBITDA.
Average working capital Average working capital, calculated as the average of the opening balance, closing balance and the quarters in between.
Working capital Inventories, trade receivables and other operating receivables less trade payables and other current liabilities (excluding interest). This figure represents an average for the respective period based on quarterly data. 
Return on equity Profit for the period as a percentage of average capital.
Operating capital Property, plant and equipment, goodwill and other intangible assets, deferred tax assets and working capital, less deferred tax liability, non-current and current provisions and other non-current liabilities. This figure represents an average for the respective period based on quarterly data.
Operating capital (excluding intangible fixed assets) Operating capital less goodwill and other intangible fixed assets, and related deferred tax. This figure represents an average for the respective period based on quarterly data.
Average operating capital Average operating capital, calculated as the average of the opening balance, closing balance and the quarters in between.
Average operating capital (excluding intangible fixed assets) Average operating capital (excluding intangible fixed assets) calculated as the average of the opening balance, closing balance and the quarters in between.
Return on operating capital Operating profit as a percentage of average operating capital.
Return on working capital EBITA as a percentage of average working capital.
Return on operating capital excluding intangible fixed assets EBITA as a percentage of average operating capital (excluding intangible fixed assets).
Net debt Non-current and current interest-bearing liabilities less non-current and current interest-bearing assets.
External net debt Net debt excluding shareholder loans.
Debt/equity ratio Net debt in relation to equity.
External net debt/Adjusted EBITDA External net debt in relation to adjusted EBITDA.
Equity/assets ratio (Solidity) Equity as a percentage of total assets.
Number of employees at end of period Number of people who have received a salary in the last month of the period.