Definitions for performance measures

Performance measures according to IFRS

 
EPS attributable to equity holders
of the parent company =

Profit for the period - non-controlling interest
Average number of shares outstanding

Diluted EPS attributable to equity holders
of the parent company =
Diluted profit for the period - non-controlling interest
Average fully diluted number of shares outstanding

Alternative performance measures

EBITDA =

EBIT + depreciation and amortization

Net debt to equity (gearing) =

Interest - bearing net debt
Total equity

Return on net assets (RONA) =

100 x Earnings before interest and taxes (12 m roll.)
Net assets (12 m roll.)

Operating cash flow =

EBIT + depreciation and amortization - capital expenditure + disposals +/- change in inventories, trade receivables and trade payables

Shareholders' equity per share =

Total equity attributable to equity holders of the parent company
Issue-adjusted number of shares at period end

Return on equity (ROE) =

100 x Profit for the period (12 m roll.)
Total equity (average)

Return on investment (ROI) =

100 x (Profit before taxes + interest expenses + net other financial expenses) (12 m roll.)       
Statement of financial position total - Interest-free liabilities (average)

In addition to IFRS and alternative performance measures presented above, Huhtamaki may present adjusted performance measures, which are derived from IFRS or alternative performance measures by adding or deducting items affecting comparability (IAC).

The adjusted performance measures are used in addition to, but not substituing, the performance measures reported in accordance with IFRS.