The financial information contained in the reporting includes certain non-GAAP measures that are not as defined by IFRS. They are used by management for the purpose of defining targets and measuring the Group’s performance. These non-GAAP measures may not be comparable to similar measures at other companies and should not be viewed as a substitute for IFRS measures.
|Number of employees
|The number of employees is defined as full-time equivalents (FTE).
|Order intake is defined as the total value of orders received in the reporting period for all product lines, new installations, modernization, maintenance, and repairs.
|Order backlog is defined as the value of all unsatisfied performance obligations from new installation, modernization and repair customer contracts. Maintenance contracts are not included in the order backlog.
|Operating profit (EBIT), adjusted
Operating profit (EBIT), adjusted, is defined as earnings before interest and taxes (EBIT) reported, excluding:
Exceptional items comprise revaluation gains or losses, significant gains on sale of property, plant, and equipment, etc. The Top Speed 23 program, launched in 2021, is considered a strategic Group initiative.
|Return on equity (RoE)
|RoE is defined as net profit divided by average total equity.
Net liquidity is defined as follows:
+ Cash and cash equivalents
– Current financial debts
|Net working capital
Net working capital is defined as follows:
+ Accounts receivable
– Accounts payable
|Restructuring costs are defined as costs related to strategic restructuring measures.
|Exceptional items are defined as significant costs and income which, because of their exceptional nature, cannot be viewed as inherent to the Group’s ongoing performance. They include revaluation gains, disposals of Group companies, and impairments.
|Changes in local currencies
|Changes in local currencies are defined as impacts calculated using constant exchanges rates. The change is calculated by converting the figures for the current
period at the previous year’s average rates and comparing the result with the figures for the previous year.