Other informationDefinitions and glossary

Margins

Operating margin

2004-2007: Operating profit excl. goodwill write-downs and restructuring expenses as a percentage of operating revenue.

2003: Operating profit excl. write-downs and items affecting comparability as a percentage of operating revenue.

[Calculation 2007: 231,517 / 1,872,566 = 12%]

Profit margin

Net profit for the year as a percentage of operating revenue.

[Calculation 2007: 79,517 / 1,872,566 = 4.2%]

Management effectiveness

Return on operating capital

Operating profit as a percentage of average operating capital.

[Calculation 2007: 179,223 / ((2,019,952 + 2,081,499) / 2) = 9%]

Return on operating capital excl. goodwill write-downs and restructuring expenses

Operating profit excl. goodwill write-downs and restructuring expenses as a percentage of average operating capital.

[Calculation 2007: 231,517 / ((2,019,952 + 2,081,499) / 2) = 11%]

Return on equity

Net profit for the year as a percentage of average shareholders' equity.

[Calculation 2007: 79,517 / ((1,285,573 + 1,249,082) / 2) = 6%]

Capital structure

Operating capital

Operating assets less operating liabilities excluding tax assets and tax liabilities.

[Calculation 2007: (2,582,967 - 68,695) - (608,438 - 114,114) = SEK 2,019,948 thousand]

Equity/assets ratio

Shareholders' equity as a percentage of total assets.

[Calculation 2007: 1,285,573 / 2,722,785 = 47%]

Interest-bearing net debt

Financial liabilities less financial assets.

[Calculation 2007: 828,745 - 139,817 = SEK 688,928 thousand]

Debt/equity ratio

Interest-bearing net debt divided by shareholders' equity.

[Calculation 2007: 688,928 / 1,285,573 = 54%]

Interest coverage

2004-2007: Profit after financial items plus interest expenses and goodwill write-downs divided by interest expenses.

2003: Profit after financial items plus interest expenses and goodwill amortization divided by interest expenses.

[Calculation 2007: 118,852 + 56,655 + 0) / 56,655 = 3.1]

Cash flow

Free cash flow

Cash flow from operating activities less net investments in other fixed assets.

[Calculation 2007: 160,052 - 98,986 + 32,508 = SEK 93,574 thousand]

Operating cash flow

Cash flow from operating activities excl. restructuring expenses (excluding items affecting comparability for the comparative period 2003) excluding the net of interest and dividends as well as income tax paid less investments in other fixed assets plus divestments of other fixed assets.

[Calculation 2007: 160,052 + 59,916 + 58,149 + 60,873 - 98,986 + 32,508 = SEK 272,512 thousand]

Personnel

Value-added per employee

2004-2007: Operating profit excluding goodwill amortization and restructuring expenses plus staff costs divided by the average number of employees.

2003: Operating profit before goodwill amortization and items affecting comparability plus staff costs divided by the average number of employees.

[Calculation 2007: (231,517 + 1,109,637) / 2,639 = SEK 508 thousand]

Data per share

Average number of shares

Weighted average of the number of shares during the report period.

[Calculation 2007: (74,537,852 * 365) / (365 * 1,000) = 74,358 thousand]

Potential shares

Shares added through the future exercise of warrants, convertible debenture loans and employee stock options and which therefore have a dilution effect, i.e., where the discounted subscription price is lower than the stock's average market price during the report period.

[Calculation 2007: 0 + 0 + 0 = 0 thousand]

Earnings per share before dilution

Net profit for the year divided by the average number of shares.

[Calculation 2007: 79,518 / 74,538 = SEK 1.07]

Earnings per share after dilution

Net profit for the year taking into account the profit effect of potential shares divided by the average number of shares taking into account potential shares.

[Calculation 2007: (79,518 + 0) / (74,538 + 0) = SEK 1.07]

Operating cash flow per share

Operating cash flow divided by the average number of shares before dilution.

[Calculation 2007: 272,512 / 74,538 = SEK 3.66]

Equity per share

The closing balance of shareholders' equity divided by the number of shares at year-end.

[Calculation 2007: 1,285,573 / 74,544 = SEK 17.25]

Equity per share after dilution

The closing balance of shareholders' equity adjusted for the effect of potential shares divided by the number of shares at year-end taking into account potential shares.

[Calculation 2007: (1,285,573 + 0) / (74,544 + 0) = SEK 17.25]

Dividend per share

Approved or proposed dividend amount divided by the number of shares entitled to dividends.

[Calculation 2007: 18,636 / 74,544 = SEK 0.25]