Justification, definition and calculation of key figures

Key performance indicators	Justification	Definition	Calculation 2022
Growth
Organic growth, %	The company's ability to grow with existing resources	Change in net sales in local currency, cpw previous year's period, excluding acquired companies	339.5/2,898.7=11.7%
Aquired growth, %	The company's ability to grow through acquisition	Change in net sales in local currency in acquired companies, cpw previous year's period	214.9/2,898.7=7.4%
Currency effect, %, %	The company's currency effect on growth	Change in net sales attributable to currency effects	59.9/2,898.7=2.1%

Profit
Adjusted EBITA, SEK million	Measures of the company's operating and underlying profit excluding items affecting comparability	EBITA excluding items affecting comparability	-
Adjusted EBITA margin, %	Measures of the efficiency of the company	Adjusted EBITA/Net sales	-
Items affecting comparability, SEK million	It clarifies the development of the underlying operations and improves the comparison between different periods	Income and expenses that are not expected to arise on a regular basis in operating activities	-
EBITA, SEK million	Measures of operational and cash-generating profit	EBIT including all depreciation and acquisition costs	287.3
EBITA margin, %	Measures of the efficiency of the company	EBITA/Net sales	287.3/3,513.0=8.2%
Operating profit (EBIT), SEK million	Measures of operating profit excluding financial items, ie regardless of indebtedness	EBITA excluding intangible depreciation and acquisition costs	234.3
Operating margin, %	Measures of the efficiency of the company	EBIT/Net sales	234.2/3,513.0=6.7%

Key figures per employee
Sales per full-time employee, SEK thousand	Measures of the efficiency of the company	Net sales/Full-time employee	3,513.0/2,553=1,376.0
Operating profit per full-time employee, SEK thousand	Measures of the efficiency of the company	Operating profit/Full-time employee	234.3/ 2,553=91.8

Balance sheet
Net indebtedness, SEK million	Measures of the company's ability to pay and credit risks	Short- and long-term interest-bearing liabilities incl pension liabilities reduced by cash and cash equivalents	See above.
Net debt / EBITDA, multiple	Measures of the company's ability to pay and credit risks	Net debt/EBITDA last 12 month	391.3/416.2=0.94
Equity/assets ratio, %	Measure of the share of assets that are financed with equity	Equity/Total assets	1,487.1/2,984.4=49.8
Equity per share at the end of the period, SEK	Measures of the company's efficiency and indication of the share's value	Equity/Number of shares at the end of the period	1 487.1/20,381,849=73.0
Return on equity, %	Measures of the company's efficiency of capital	Profit before tax/Average Equity	136/((1215,5+1156,2)/2)=11,5%
Return on capital employed, %	Measures of the company's financing through equity and other interest-bearing capital	EBIT incl financila income/Average capital employed (= Equity incl. Interest-bearing liabilities)	245.8/((1,215.5+1, 487.1)/2)=18.2

Other
Dividend per share, SEK/share	Measures of the company's efficiency and value creation for shareholders	-	-
Number of full-time employees	Measures employees' total work volume	Total attendance time/Standard time	-
Number of employees at end of period	Measures of the company's ability to recruit	The number of employees at the end of the period, regardless of the degree of service	-
Utilisation, %	Measures of the efficiency of the company	Charged time/ Total attendance time	-