| Term |
Definition |
| EBITDA |
EBITDA (results from operating activities before depreciation and amortization) represents the company’s net income for the period without consideration of interest, income taxes, depreciation and amortization, as well as impairment losses and impairment loss reversals. This performance measure not only eliminates the effects of interest income and interest expenses, but also neutralizes any distortions of operating performance from divergent depreciation and amortization methods and the exercise of measurement discretion. EBITDA is calculated on the basis of net income for the period before interest, income taxes, scheduled depreciation and amortization as well as impairment losses and impairment loss reversals of intangible assets (including goodwill) and property, plant and equipment, plus the result from financial assets carried according to the equity method.
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| EBIT |
EBIT (results from operating acitvities) is defined as net income for the period before interest income, interest expenses and income taxes. Depreciation and amortization, as well as impairment and write-ups of non-current assets are included in EBIT. EBIT serves to present the company’s operating result while excluding the effects of differences between local taxation systems and various financing activities. |
| EBIT Adjusted |
EBIT adjusted reflects the Group’s operating performance by excluding extraordinary effects, such as share price-based effects from the measurement of remuneration agreements, personnel capacity adjustments, impacts from business combinations, and other items outside the ordinary course of business. Effects from business combinations primarily include the amortization of identifiable intangible assets acquired through corporate transactions or separately acquired intellectual property, acquisition-related compensation to employees or selling shareholders, and transaction or integration costs impacting earnings. Gains/losses from the disposal of shareholdings are also included. |
| EBIT Adjusted (until 31.12.2024) |
EBIT adjusted shows the development of the company’s operating result without share price-based effects from the measurement of compensation agreements or effects in connection with corporate transactions. Such effects from corporate transactions include the amortization of identifiable intangible assets acquired in the course of acquisitions and separately acquired intellectual property, acquisition-related compensation for employees or selling shareholders, transaction and integration expenses with an effect on earnings as well as gains/losses from the disposal of company shares. This ratio adjusts EBIT by eliminating the above mentioned effects. |
| EBT |
EBT (earnings before taxes) represents the company’s net income for the period without consideration of income taxes.
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| Net Income |
Net income stands for the company’s net income for the period after income taxes.
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Adjusted Free Cash Flow
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The adjusted free cash flow is calculated as cash flow from operating activities less investments in intangible assets and property, plant and equipment (excluding investments in connection with business combinations) and payments for lease liabilities. This key figure provides information on how much of the company’s net profit generated is available for dividend distributions, debt repayment or share buy-backs at the end of an economic period.
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| Information on Currency Effects |
Currency-adjusted revenue and earnings figures are calculated by translating revenue and earnings using the average exchange rates of the comparative period instead of the current period. |
