Comprehensive income is the change in equity during a period resulting from transactions and other events other than those changes resulting from transactions with shareholders in their capacity as shareholders.
Constant currencies information excludes foreign currency translation effects assuming foreign currency exchange rates have not changed between the prior year period and the current period.
EBIT is operating income before incidentals.
EBIT margin is EBIT as percentage of revenue.
EBITDA is EBIT before depreciation and amortization and refers to EBITDA before incidentals.
Incidentals are transformation costs, special charges and benefits, results on acquisitions and divestments, restructuring and impairment charges, and charges related to major legal, antitrust, and environmental cases. EBITDA and EBIT before incidentals are key figures we use to assess our performance, as these figures better reflect the underlying trends in the results of the activities.
Interest coverage is operating income divided by the sum of financing income and expenses.
Invested capital is total assets (excluding cash and cash equivalents, investments in associates, assets held for sale) less current income tax payable, deferred tax liabilities and trade and other payables.
Moving average ROI is calculated as EBIT of the last four quarters divided by the average invested capital of these quarters.
Net debt is defined aslong-term borrowings plus short-term borrowings less cash and cash equivalents.
Operating income is defined in accordance with IFRS and includes the relevant incidental results.
Operating working capital is defined as the sum of inventories, trade receivables and trade payables in the business areas. When expressed as a ratio, operating working capital is measured against four times last quarter revenue.
Revenue consists of sales of goods, services, and royalty income.