Definitions

Key performance indicator according to IFRS

Earnings per share, SEK: Profit for the year attributable to Parent Company shareholders in relation to the average number of shares outstanding.

Key performance indicators not defined according to IFRS

Number of shares after dilution: Weighted average number of shares outstanding at the end of the period and potential additional shares in accordance with IAS 33 Earnings per Share.

Return on shareholders’ equity: The return on shareholders’ equity comprises the profit for the year attributable to the Parent Company’s shareholders, expressed as a percentage of average shareholders’ equity attributable to the Parent Company’s shareholders.

Return on capital employed: The return on capital employed comprises consolidated profit before tax, after reversing financial expenses, expressed as a percentage of average capital employed.

Discontinued operations: Business Area Building Systems.

EBITDA margin:The EBITDA margin has been calculated as profit before depreciation according to plan, before amortisation of consolidated surplus values in intangible assets and impairment, expressed as a percentage of net sales.

Shareholders’ equity per share, SEK: Shareholders’ equity attributable to Parent Company shareholders to number of shares outstanding at the end of the period.

One-off items and restructuring costs: Items not included in the ordinary business transactions and when each amount is significant in size and therefore has an effect on the profit or loss and key performance indicators, are classified as one-off items and restructuring costs.

Financial net debt
Net debt excluding liabilities related to leases and pension-related items.

Financial net debt/EBITDA excluding IFRS 16
Average financial net debt in relation to EBITDA, excluding IFRS 16 and excluding one-off items and restructuring costs, based on a rolling twelve-month calculation.

Sales growth excluding currency fluctuations (annual growth)
Growth generated from organic growth and acquisitions without taking into account currency fluctuations.

Investments in intangible assets and tangible fixed assets: Investments excluding acquisitions and divestments of companies.

Adjusted operating margin: Adjusted operating profit expressed as a percentage of net sales.

Adjusted operating profit: Operating profit adjusted for one-off items and restructuring costs when the amount is significant in size.

Cash flow from operating activities per share, SEK: Cash flow from operating activities to number of shares outstanding.

Continuing operations: Lindab Group excluding discontinued operations.

Net debt: Interest-bearing provisions and liabilities less interest-bearing assets and cash and cash equivalents.

Net debt/equity ratio: Net debt to shareholders’ equity including non-controlling interests.

Net debt/EBITDA: Average net debt in relation to EBITDA, excluding one-off items and restructuring costs, based on a rolling twelve-month calculation.

Foreign sales: The sales reported by each country when a product or service have been delivered, expressed as a percentage of the net sales for the year.

Operating cash flow: Cash flow from operating activities excluding one-off items, restructuring costs and tax paid, but including net investments in intangible assets and tangible fixed assets.

Organic growth: Change in sales adjusted for currency effects as well as acquisitions and divestments compared with the same period of the previous year.

P/E ratio: The share price at the end of the year divided by earnings per share.

Interest coverage ratio: Earnings before tax plus interest expense in relation to interest expense.

Working capital: Working capital comprises stocks, operating receivables and operating liabilities and is obtained from the statement of financial position, but adjusted where applicable for non-cash items. Operating receivables comprise accounts receivable, other receivables and non-interest bearing prepaid expenses and accrued income. Operating liabilities other non-interest-bearing non-current liabilities, advances from customers, accounts payable, other current liabilities and non-interest bearing accrued expenses and deferred income.

Operating margin: Operating profit expressed as a percentage of net sales.

Operating profit: Profit before financial items and tax.

Operating profit before amortisation/depreciation and impairment losses, EBITDA: Profit before planned amortisation/depreciation and impairment losses.

Equity/asset ratio: Shareholders’ equity including non-controlling interests, expressed as a percentage of total assets.

Capital employed: Total assets less non-interest-bearing provisions and liabilities.

Total operations: Continuing operations and discontinued operations.

Profit margin: Earnings before tax expressed as a percentage of net sales.