Alternative Performance Measures
Compound annual growth rate (CAGR) net sales, 4 years = (Net sales current period / Net sales first half of 2021) ^ (1/4) - 1
Earnings before interest, taxes, depreciation, and amortization (EBITDA) = Net sales - Material expenses +/- Changes in inventories - Personnel expenses - Other operating expenses + Other operating income
Earnings before interest and taxes (EBIT) = Net sales - Material expenses +/- Changes in inventories - Personnel expenses - Other operating expenses + Other operating income - Depreciation and amortization
Equity ratio = Total equity / Assets
Free cash flow = Cash flow from operating activities + Cash flow from investing activities
Free cash flow (w/o term deposits) = Cash flow from operating activities + Cash flow from investing activities + Purchase of term deposits - Proceeds from sale of term deposits
Net debt = Current financial liabilities + Non-current financial liabilities - Cash and cash equivalents - Current financial assets
Net debt / EBITDA Ratio = Current financial liabilities + Non-current financial liabilities - Cash and cash equivalents - Current financial assets / (EBITDA current period + EBITDA second half of previous year)
Net liquidity = Cash and cash equivalents + Current financial assets - Current financial liabilities - Non-current financial liabilities
Net sales growth = (Net sales current period - Net sales previous period) / Net sales previous period
Net sales growth in local currencies = (Net sales current period at previous period exchange rates - Net sales previous period) / Net sales previous period
Net working capital = Trade receivables + Inventories - Trade payables
Return on capital employed (ROCE) = (EBIT current period + EBIT second half of previous year) / (average Assets as at June 30 and June 30 of previous year - average Current liabilities as at June 30 and June 30 of previous year)
Return on equity (ROE) = (Net income current period + Net income second half of previous year) / average Total equity as at June 30 and June 30 of previous year