Number of employees
Calculated as the average number of employees during the year, taking account of the percentage of full-time employment.
Return on equity
12-month rolling net profit/loss as a percentage of average equity.
Operating profit excluding amortisation and impairment of noncurrent intangible assets. EBITA is the key ratio and performance indicator that is used for internal operational monitoring. EBITA provides an overall view of profit generated by operating activities.
EBITA as a percentage of net sales.
Earnings before interest, taxes, depreciation, and amortisation. EBITDA is a measure that the Group regards as relevant for investors who wish to understand income generation before investments in noncurrent assets.
Effective tax rates
Recognised tax expense as a percentage of profit/loss before tax.
Equity per share, SEK
Equity attributable to equity holders of the parent company divided by the number of ordinary shares outstanding at period end.
Net financial items
Total exchange differences on borrowing and cash and cash equivalents in foreign currency, other financial revenue and other finance costs.
EBITA adjusted for specific costs. Adjusted EBITA item improves the ability to make comparisons over time by excluding items that are irregular in frequency or size.
Adjusted EBITA margin
EBITA excluding specific costs as a percentage of net sales. The adjusted EBITA margin excludes the effect of specific costs, which improves the ability to make comparisons over time by excluding items that are irregular in frequency or size.
Earnings before interest, taxes, depreciation and amortisation, adjusted for specific costs. Improves the ability to make comparisons over time by excluding items that are irregular in frequency or size.
Average net debt divided by EBITDA exluding specific costs, based on a rolling 12-month calculation.
Cash flow from operating activities per share
Cash flow from operating activities for the period, divided by the number of shares at period end.
Cash conversion (excluding IFRS 16 leases)
The sum of 12-month EBITDA +/-, the change in working capital and investment in machinery and equipment and adjustment for non-cash items in EBITDA in relation to 12-month EBIT (operating profit/loss). This key ratio measures the percentage of profit that is converted into cash flow. The purpose is to analyse what percentage of earnings can be converted into cash and cash equivalents and, in the longer term, the opportunity for investments, acquisitions and dividends, with the exception of interest-related cash flows.
Net sales are recognised in accordance with the principle of recognition over time, rather than using the previous percentage-of-completion method. These revenues are recognised in proportion to the degree of completion of projects.
Net debt/EBITDA adjusted for specific costs
Average net debt divided by EBITDA excluding specific costs, based on a rolling 12-month calculation.
Interest-bearing liabilities, excluding pension liabilities, less cash and cash equivalents. This key figure is a measure to show the Group’s total interest-bearing debt.
The change in sales adjusted for currency effects, as well as acquisitions and disposals compared with the same period last year. Sales from acquisition and divestments are eliminated for a period of 12 months from the date of acquisition or divestment.
Operating cash flow
EBITDA adjusted for non-cash items, investments in machinery and equipment and changes in working capital.
The value of new projects and contracts received, and changes in existing projects and contracts over the period in question. Includes both installation and servicing business.
The value of remaining, not yet accrued project revenues from orders on hand at the end of the period. Order backlog does not include service operations, only installation projects.
Diluted earnings per share
Profit/loss for the period attributable to owners of the parent company divided by the average number of outstanding ordinary shares after dilution.
Basic earnings per share
Profit/loss for the period attributable to owners of the parent company divided by the average number of outstanding ordinary shares.
Interest coverage ratio
Profit/loss after financial items plus interest expense, divided by interest expense. This key ratio is a measure of how much earnings may fall by without interest payments being jeopardised or how much interest on borrowing may increase without operating profit turning negative.
Total current assets, excluding cash and cash equivalents, minus current liabilities excluding current provisions and borrowing, and current lease liabilities. This measure shows how much working capital is tied up in the business and may be set in relation to sales to understand how efficiently tied-up working capital is being used.
Operating profit/loss as a percentage of net sales.
Earnings before financial items and taxes.
Equity including non-controlling interests as a percentage of total assets.
Transactions and items that are irregular in occurrence and size and consequently have an impact on earnings and key figures.
The installation and refurbishment of technical systems in properties, facilities and infrastructure.
Operation and maintenance, as well as minor refurbishment of installations in buildings and facilities.
Power supply, lighting, heating, automatic control and surveillance systems. Telecom and other low-voltage installations. Fire and intruder alarm products and systems, access control systems, CCTV and integrated security systems.
HVAC (heating, ventilation and air conditioning)
Comfort ventilation and comfort cooling through air treatment, air conditioning and climate control. Commercial cooling in freezer and cold rooms. Process ventilation control systems. Energy audits and energy efficiency through heat recovery ventilation, heat pumps, etc.
Heating and plumbing
Water, waste water, heating, sanitation, cooling and sprinkler systems. District heating and cooling. Industrial piping with expertise in all types of pipe welding. Energy saving through integrated energy systems.
Relatest to technical solutions and products for security, sprinklers, cooling, power, lifts and services in project management and technical service management.