Key ratio definitions Capital employed Non-interest-bearing fixed assets and current assets less non-interest-bearing liabilities. Costs of goods sold Costs of good sold, including production and logistics expenses. Currency adjusted Figures adjusted for the effects of exchange rate differences in conjunction with consolidation. Figures for 2015 are calculated applying exchange rates for 2014. Effects of conversion of balance sheet items not included. Earnings per share Profit for the period divided by the average number of shares outstanding. EBIT Reported operating income. EBIT margin EBIT as a percentage of sales. EBITA Operating income before amortization of intangible assets. EBITA margin EBITA as a percentage of sales. EBITDA Operating income adjusted for total, amortization, depreciation and impairment. EBITDA margin EBITDA as a percentage of sales. Gross margin Gross margin as a percentage of sales. Interest-bearing net debt Interest-bearing liabilities and pension provisions minus interest-bearing assets and cash and cash equivalents. Net debt/equity ratio Net debt relative to total capital, where the net debt is a total borrowing less cash and cash equivalents and the total capital is shareholders’ equity and the net debt. Number of employees The number of employees at end of period. P/E ratio Current share price relative to earnings per share. Return on equity Income for the period as a percentage of shareholders’ equity. Return on capital employed Operating income as a percentage of capital employed.