### Equity

The total of non-restricted and restricted equity at the end of
the year. Average equity capital has been calculated as opening
balance plus closing balance of equity capital, divided by two.

### Equity per share

Equity divided by the number of shares at the end of the
period.

### Investments

Total of the acquisition of businesses/subsidiaries plus
acquisition of intangible assets and property, plant and
equipment.

### Average number of employees

Average number of employees at the end of each month.

### Net sales per employee

The year's net sales divided by the average number of
employees.

### Net debt-equity ratio

Net interest-bearing debt divided by equity, including minority
interests.

### Operating capital

Balance sheet total less non interest-bearing liabilities,
current investments and cash and bank balances. Average operating
capital has been calculated as opening balance plus closing balance
of operating capital, divided by two.

### P/E ratio

The share price divided by earnings per share.

### Self-financing ratio

Cash flow before investments divided by investments.

### Equity-assets ratio

Equity including minority interests as a percentage of the
balance sheet total.

### Capital employed

Balance sheet total less non interest-bearing liabilities.
Average capital employed has been calculated as opening balance
plus closing balance of capital employed, divided by two.

### Earnings per share

Profit for the year divided by the average number of shares. The
average number of shares has been calculated as a weighted average
of all shares in issue for the year.

### Return on equity

Profit for the year as a percentage of average equity.

### Return on operating capital

Operating profit as a percentage of average operating
capital.

### Return on capital employed

Profit/loss after financial items with financial expenses added
back, as a percentage of average capital employed.

### Net interest-bearing debt

Total of current and non-current interest-bearing liabilities
less current investments and cash and bank balances.

### Interest coverage ratio

Profit after financial income divided by financial expense.

### Operating margin

Operating profit after depreciation/amortization as a percentage
of net sales.

### Profit margin

Profit/loss after financial items as a percentage of net
sales.