Definitions of key figures and ratios

Definitions of key figures and ratios

Applies to the annual report and quarterly reports. The ratios have been calculated in accordance with “Anbefalinger & Nøgletal 2015” (Recommendations & Ratios 2015) issued by the Danish Society of Financial Analysts.

EBITProfit before financial items and tax
EBITDAProfit before depreciation, write-downs, amortisations, financial items and tax
EBIT ratio (%)EBIT
--------------------------- x 100
Net sales
Earnings per share of DKK 10 (EUR 1.3)Profit for the year after minority interests
-----------------------------------------------------------
Average number of outstanding shares
Diluted earnings per share of DKK 10 (EUR 1.3)Profit for the year after minority interests
---------------------------------------------------------------------
Diluted average number of outstanding shares
Cash earnings per share of DKK 10 (EUR 1.3)Cash flows from operating activities
----------------------------------------------------------
Average number of outstanding shares
Dividend per share of DKK 10 (EUR 1.3)Dividend percentage × nominal value of the share
-------------------------------------------------------------------------
100
Book value per share of DKK 10 (EUR 1.3)Equity end of the year before minority interests
--------------------------------------------------------------------
Number of shares at the end of the year
Return on invested capital (ROIC)EBIT
-------------------------------------- x 100
Average invested assets
Return on equity (%)Profit for the year after minority interests
--------------------------------------------------------------- x 100
Average equity excluding minority interests
Equity ratio (%)Equity end of the year
--------------------------------------------------------------------- x 100
Total equity and liabilities at the end of the year
Financial gearingNet interest-bearing debt
---------------------------------------- x 100
Equity end of the year
Payout ratio (%)Dividend for the year
----------------------------------------------------------- x 100
Profit for the year after minority interests