NOTES
Consolidated financial statements •99
SECTION 5: OTHER DISCLOSURES, CONTINUED
FINANCIALDEFINITIONS
5.7
Key figures and financial ratios stated in the consolidated financial statements have been calculated as follows:
EBITDA
Earnings before interest, tax, depreciation, amortisation and impairment losses
EBIT
Earnings before interest and tax (Operating profit)
Revenue growth,%
(This year’s revenue - last year’s revenue) (Rolling 12month)
Last year’s revenue
Gross profit growth,%
(This year’s gross profit - last year’s gross profit) (Rolling 12month)
Last year’s gross profit
EBITDA growth,%
(This year’s EBITDA - last year’s EBITDA) (Rolling 12month)
Last year’s EBITDA
EBIT growth,%
(This year’s EBIT - last year’s EBIT) (Rolling 12month)
Last year’s EBIT
Net profit growth,%
(This year’s net profit - last year’s net profit) (Rolling12month)
Last year’s net profit
Grossmargin,%
Gross profit / revenue
EBITDAmargin,%
EBITDA / revenue
EBITmargin,%
EBIT / revenue
Tax rate,%
Income tax expense / profit before tax
Cash conversion,%
Free cash flow / net profit
Capital expenditure (CAPEX)
Purchase of intangible assets andproperty, plant and equipment for the year,
excluding acquisitions of subsidiaries
Equity ratio,%
Equity / total assets
Return on invested capital (ROIC),% EBIT / invested capital
Total payout ratio
Dividends for the year and value of share buyback / net profit
EPS basic
Net profit / average number of shares outstanding
EPS diluted
Net profit / sumof average number of shares outstanding, including the dilutive
effect of share options ‘in themoney’
Like-for-like sales-out
Revenue from concept storeswhich have been operating formore than12months
Forward-looking statements
The annual report contains forward-looking statements, which include estimates of financial performance and targets.These
statements are not guarantees of future performance and involve certain risks and uncertainties.Therefore, actual future
results and trendsmay differmaterially fromwhat is forecast in this report due to a variety of factors.
