Justification, definition and calculation of key figures

Key performance indicators	Justification	Definition	Calculation, full year 2021
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	279,3/2366,8=11,8%
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	279,3/2366,8=11,8%
Currency effect, %, %	The company's currency effect on growth	Change in net sales attributable to currency effects	-26/2366,8=-1,1%

Profit
Adjusted EBITA, SEK million	Measures of the company's operating and underlying profit excluding items affecting comparability	EBITA excluding items affecting comparability	129,7+18,2+34,6=182,5
Adjusted EBITA margin, %	Measures of the efficiency of the company	Adjusted EBITA/Net sales	182,3/2898,7=6,3%
EBITA, SEK million	Measures of operational and cash-generating profit	EBIT including all depreciation and acquisition costs	129,7+34,6=164,3
EBITA margin, %	Measures of the efficiency of the company	EBITA/Net sales	164,3/2898,7=5,7%
Operating profit (EBIT), SEK million	Measures of operating profit excluding financial items, ie regardless of indebtedness	EBITA excluding intangible depreciation and acquisition costs	129,7
Operating margin, %	Measures of the efficiency of the company	EBIT/Net sales	129,7/2898,7=4,5%

Key figures per employee
Sales per full-time employee, SEK thousand	Measures of the efficiency of the company	Net sales/Full-time employee	2898,7/2314=1253
Operating profit per full-time employee, SEK thousand	Measures of the efficiency of the company	Operating profit/Full-time employee	129,7/2314=56

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	245,1+179,8+31,1-151,9=304,1
Net debt / EBITDA, multiple	Measures of the company's ability to pay and credit risks	Net debt/EBITDA last 12 month	304,1/(129,7+149,4)=1,09
Equity/assets ratio, %	Measure of the share of assets that are financed with equity	Equity/Total assets	1215,5/2349,7=51,7%
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	1215,5/19,687909=61,7
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)	(129+40,4)/(1215,5+245,1+179,8+31,1)=10,3%

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	-