Justification, definition and calculation of key figures

Key performance indicators	Justification	Definition	Calculation 2023
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	174.3/3,513.0=5.0%
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	304.5/3,513.0=8.7%
Currency effect, %, %	The company's currency effect on growth	Change in net sales attributable to currency effects	96.5/3,513.0=2.7%

Profit
Adjusted EBITA, SEK million	Measures of the company's operating and underlying profit excluding items affecting comparability	EBITA excluding items affecting comparability	306.2+20.0=326.2
Adjusted EBITA margin, %	Measures of the efficiency of the company	Adjusted EBITA/Net sales	326.2/4,088-3=8.0%
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	20.0
EBITA, SEK million	Measures of operational and cash-generating profit	EBIT with the reversal of acquisition-related items	306.2
EBITA margin, %	Measures of the efficiency of the company	EBITA/Net sales	306.2/4,088.3=7.5%
Operating profit (EBIT), SEK million	Measures of operating profit excluding financial items, ie regardless of indebtedness	EBITA less acquisition-related items	235
Operating margin, %	Measures of the efficiency of the company	EBIT/Net sales	235.0/4,088.3=5.7%

Key figures per employee
Sales per full-time employee, SEK thousand	Measures of the efficiency of the company	Net sales/Full-time employee	4,088.3/3,004=1,361.9
Operating profit per full-time employee, SEK thousand	Measures of the efficiency of the company	Operating profit/Full-time employee	235.0/3,004=78.2

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	627.6/449.0=1.40
Equity/assets ratio, %	Measure of the share of assets that are financed with equity	Equity/Total assets	1,801.8/3,648.9=49.4
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	1,801.8/22,106,849=81.5
Return on equity, %	Measures of the company's efficiency of capital	Profit before tax/Average Equity	226.7/((1,801.8+1,487.1)/2)=13.8
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)	(235.0+65.5)/(1,801.8+396.7)=13.7

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	4.5*20,381,849=91.7
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	-