Key Figures

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Five-year summary

Explanation of KPIs

Definition of the alternative performance measures not defined in IFRS
The company presents some financial measures in the annual report that are not defined in IFRS. The company believes that these measures provide valuable supplementary information to investors and company management. Since not all companies calculate alternative performance measures in the same way, they are not always comparable with the measures used by other companies. However, these non-IFRS measures should not be considered substitutes for financial reporting measures prepared in accordance with IFRS.

The following alternative performance measures are presented:
Currency: SEK 000s unless stated otherwise

1. Net sales adjusted for currency effects
Net sales adjusted for currency effects is defined as net sales for the year translated at the preceding year’s exchange rates and is used to measure underlying net sales.

Calculated as net sales for the year adjusted with the effect of the preceding year’s exchange rates:

2. Gross margin
Gross margin is defined as gross profit divided by net sales and is used to measure product profitability.

Calculated as gross profit divided by net sales:

3. Operating expenses
Operating expenses is defined as the sum of cost of goods sold, sales and marketing costs, research and development costs, administration expenses, other operating income and other operating expenses and is used to measure the sum of the company’s total expenses before financial result and tax.

Calculated as the sum of cost of goods sold, sales and marketing costs, research and development costs, administration expenses, other operating income and other operating expenses:

4. Operating profit/EBIT
Operating profit/EBIT is defined as net income before financial income and expenses and tax for the period and is used as a measure of the company's profitability.

Calculated as net income less financial income and expenses and tax:

5. Operating margin
Operating margin is defined as operating profit divided by net sales and is used to measure the company’s profitability.

Calculated as operating profit divided by net sales:

6. EBITDA
EBITDA is defined as operating profit/EBIT before depreciation/amortisation and impairment and is used as a measure of the company's profitability.

Calculated as operating profit/EBIT increased with depreciation/amortisation and impairment:

7. EBITDA excluding effect from IFRS 16
EBITDA excluding effect from IFRS 16 is defined as EBITDA excluding effects from the implementation of IFRS 16 and is used to compare EBITDA between periods.

Calculated as EBITDA less effects from IFRS 16:

8. EBITDA margin
EBITDA margin is defined as EBITDA divided by net sales and is used to measure the company’s profitability before depreciation/amortisation and impairment of tangible and intangible assets.

Calculated as EBITDA divided by net sales:

9. EBITDA margin excluding effect from IFRS 16
EBITDA margin excluding effect from IFRS 16 is defined as EBITDA excluding effects from the adoption of IFRS 16 divided by net sales and is used to compare the EBITDA margin between periods.

Calculated as EBITDA excluding effects from IFRS 16 divided by net sales:

10. Market capitalisation on the closing date
Market capitalisation on the closing date is defined as the share price at the end of the period multiplied by the number of shares outstanding and is used to measure the company’s market capitalisation at the end of the period.

Calculated as share price at the end of the period multiplied by the number of shares outstanding: