Key ratio definitions

Duni uses financial metrics that in some cases are not defined in the IFRS. These are called alternative key ratios. The purpose is to provide additional information that facilitates a better and more specific comparison of performance from year to year. Duni defines its key ratios as follows.

Number of employees
The number of active full-time employees at end of period.

Return on equity
Net income for the year as a percentage of equity.

Return on capital employed
Operating income as a percentage of capital employed.

Gross margin
Gross profit as a percentage of net sales.

EBIT
Reported operating income.

EBIT margin
EBIT as a percentage of net sales.

EBITA
Operating income before amortization of intangible assets.

EBITA margin
EBITA as a percentage of net sales.

EBITDA
Operating income before depreciation and impairment of fixed assets.

EBITDA margin
EBITDA as a percentage of net sales.

Cost of goods sold
Cost of goods sold including production and logistic costs.

Operating income
EBIT less restructuring costs, fair value allocations and amortization of intangible assets identified in connection with business acquisitions.

Operating margin
Operating income as a percentage of net sales.

P/E ratio
Current share price relative to earnings per share.

Interest-bearing net debt
Interest-bearing liabilities and pensions less cash and cash equivalents and interest-bearing receivables.

Interest-bearing net debt relative to equity 
Interest-bearing net debt relative to total equity.

Capital employed
Non-interest bearing fixed assets and current assets, excluding deferred tax assets, less non-interest bearing liabilities.

Currency adjusted
Figures adjusted for the effects of exchange rate differences in conjunction with consolidation. Figures for 2017 are calculated at exchange rates for 2016. Effects of conversion of balance sheet items are not included.

Earnings per share
Income for the period divided by the average number of shares.

Bridge between operating income and EBIT

SEK m 2017 2016
Operating income 491 502
Restructuring costs 0 -10
Amortization of intangible assets identified in connection with business acquisitions -34 -27
Fair value allocation in connection with acquisitions -1 -1
Reported operating income (EBIT) 456 463