financial glossary

Dividend

That part of net income paid out to shareholders.

DSO (days sales outstanding)

Measure of the age of trade receivables, expressed as the average number of days that receivables are outstanding.

EBITA

Operating income before amortisation and impairment of acquisition-related intangible assets.

EBITA-margin

EBITA as a percentage of revenue.

EBITDA

Operating income before depreciation, amortisation and impairment of acquisition-related intangible fixed assets.

Financial derivates

Financial instruments to cover financial risks. The value is derived from the development of the underlying value such as interest or foreign currency.

Gross margin

Gross profit as a percentage of revenue.

Gross profit

Revenue minus cost of sales.

Net financial debt

Interest bearing debt minus cash and cash equivalents.

Net income

Result attributable to shareholders.

Operating cash flow

Cash flow from operating activities including tax.

Operating expenses

Selling, general and administrative expenses and other income and expenses.

Operating income

Income before finance costs and taxes.