Glossary (IFRS)
Financial Indicator Definitions
Cash earnings
Sum of profit for the year before depreciation and amortization and before deferred taxes.
Cash earnings margin
Cash earnings divided by sales.
EBITDA (Earnings before interest, income taxes, depreciation and amortization)
Profit before tax excluding net interest income/expenses, the respective profit attributable to non-controlling (minority) shareholders according to IAS 32 as well as depreciation and amortization.
EBITDA margin
EBITDA divided by sales.
Employees
Employees at year end, including apprentices and part-time employees on a pro-rata basis.
Enterprise value
The sum of market capitalization, non-controlling (minority) interests, and net debt (see definition net debt / net liquidity).
Total equity and non-current liabilities to PPE
The sum of total equity and non-current liabilities divided by property, plant and equipment.
Total equity to total assets
Total equity divided by total assets.
Net debt / net liquidity
The sum of interest-bearing current and non-current financial liabilities subtracted by cash and current and non-current securities.
In case that the sum of cash and securities exceeds the financial liabilities, a net liquidity exists. An existing net liquidity is not considered for the calculation of the enterprise value.
Net profit margin
Profit for the year divided by sales.
Operating margin
Operating profit divided by sales.
Property, plant and equipment to total assets
Property, plant and equipment divided by total assets.
Return on assets (ROA)
The sum of profit for the year, interest expense and the respective profit attributable to non-controlling (minority) shareholders according to IAS 32 divided by average total assets.
Return on capital employed (ROCE)
Profit before tax excluding net interest income/expenses and excluding the respective profit attributable to non-controlling (minority) shareholders according to IAS 32 divided by the sum of average total equity plus average current and non-current interest bearing financial liabilities, average provisions for other non-current liabilities and charges and average obligations with regard to non-controlling (minority) shareholders according to IAS 32, subtracted by average cash and current and non current securities.
Return on equity (ROE)
Profit for the year divided by average total equity.
Return on investment (ROI)
The sum of profit for the year, interest expense and the respective profit attributable to non-controlling (minority) shareholders according to IAS 32 divided by the sum of average total equity plus average current and non-current interest-bearing financial liabilities.
Working capital
The sum of total current assets and non-current securities subtracted by total current liabilities (excluding revolving bank debt).