Financial definitions

• Average operating capital

• Opening plus closing operating capital divided by 2.
  

• Average shareholders’ equity

• Opening plus closing equity attributable to the equity holders of the Parent divided by two.

• Debt/equity ratio (%)

• Net debt as a percentage of total equity.
  

• Dividend pay-out ratio (%)

• Proposed dividend as a percentage of earnings per share.
  

• Dividend yield (%)

• Dividend (paid/proposed after year-end) as a percentage of year-end share price.
  

• Earnings per share

• Profit for the year attributable to equity holders of the Parent divided by average number of shares outstanding during the year (excluding treasury shares).
  

• EBIT multiple

• Total market value at year-end plus net debt and minority interest divided by operating profit.
  

• EBITA

• Earnings excluding larger one time items, net finance cost, tax,
  amortization and impairments of intangible assets.
  

• EBITA interest coverage ratio

• EBITA divided by net interest expense (Interest expence less interest income).
  

• EBITDA

• Earnings excluding larger one time items, net finance cost, tax, depreciation, amortization and impairments of tangible and intangible assets.
  

• Equity per share

• Equity attributable to equity holders of the Parent divided by number of shares outstanding at year-end (excluding treasury shares).
  

• Equity/assets ratio (%)

• Total equity as a percentage of total assets.
  

• Net debt

• Interest-bearing liabilities, incl. net provisions for pensions and similar
  obligations, less cash and cash equivalents and other investments
  

• Operating capital

• The sum of current operating assets, intangible assets, property,
  plant and equipment and other non-current operating assets
  less current and non-current operating liabilities.
  

• Operating margin (%)

• Operating profit as a percentage of net sales.

• P/E ratio

• Share price at year-end divided by earnings per share.

• Return on operating capital (%)

• Operating profit as a percentage of average operating capital.
  

• Share turnover rate (%)

• Annual turnover of shares as a percentage of total number of shares.

• Total return (%)

• The sum of (the share price at year-end minus the share price at preceding year-end)
  plus (dividend paid plus return on reinvested dividend) as a percentage of the share price at preceding year-end.
  

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Page updated Jul 8, 2008

SWMA Jan 5, 2009 CET 114.25 SEK -4.6%