financial glossary

Dividend

That part of profit paid out to shareholders.

DSO (DAYS SALES OUTSTANDING)

Measure of the age of trade receivables; expressed as the average number of days that receivables are outstanding.

EBITA

(Earnings before interest, taxes and amortisation). Operating result before amortisation.

EBITDA

Operating result before depreciation and amortisation.

Financial derivatives

Financial instruments to cover financial risks. The value is derived from the development of the underlying value such as interest or foreign currency.

 Gross margin

Gross profit as a percentage of revenue.

Gross profit

Total operating income minus direct costs.

IFRS

International Financial Reporting Standards.

Net financial debt

Interest bearing debt minus cash and cash equivalents.

Net profit

Result attributable to shareholders.

Operating cash flow

Cash flow from operating activities including income tax. For components we refer to statement of cash flows in the financial statements.

Operating expenses

Selling, general and administrative expenses and other income and expense.

Operating income

Income before financing expenses and taxes

Operating margin

Operating income as percentage of net revenue.