Year 2017

Calculation of Key Figures (IFRS)

 

 

Calculation of key figures

           
               
 

In addition to IFRS-based performance measures, Posti Group discloses adjusted EBITDA and adjusted operating result to enhance comparability of performance measures as the adjusting items are not considered to incur as part of the normal business operations and also to improve transparency of special items affecting profitability. Management believes that adjusted performance measures provides meaningful supplemental information to both management and investors regarding the business performance. Adjusted EBITDA and adjusted operating result are also one of the key business performance indicators in Posti Group’s management reporting.

 

Return on equity, %

100 x

result for the period (12m rolling)

     

total equity (average of opening and closing balance of previous 12m)

               
 

Return on invested capital, %

100 x

result before income tax (12m rolling)

+ interest and other financial expenses (12m rolling)*

     

total equity + interest-bearing debt (average of opening and closing balance of prev. 12m)

 

* Interest and other financial expenses excluding  unrealized losses on financial liabilities and interest rate derivatives and deducted by interest income on interest rate derivatives and unrealized gains on financial liabilities.

 

Equity ratio, %

100 x

total equity

 
     

total assets - advances received (current and non-current)

               
 

Gearing, %

100 x

net debt

     

total equity

               
 

Net debt

 

interest bearing borrowings - liquid funds - debt certificates

       
 

Interest-bearing debt

 

Non-current and current borrowings

    
               
 

EBITDA

 

EBITDA is operating result excluding depreciation, amortization and impairment losses.

               
 

Adjusted EBITDA

 

Adjusted EBITDA is EBITDA excluding special items.

               
 

Adjusted operating result

 

Adjusted operating result is operating result excluding special items.

               
 

Special items

 

The Group reports separately special items which include reorganization costs, significant impairment losses on assets, impairment on goodwill and impairment on purchase price allocations generated in business combinations. Also significant sales gains or losses on sale of shares, real estates or business operations, changes in purchase consideration for business combinations after the date of acquisition recognized in income statement, and other material items outside of ordinary course of business are defined as special items.

 

Liquid funds

 

Liquid funds consist of cash and cash equivalents, money market investments and investments in bonds.

               
 

Gross capital expenditure

 

Investments in intangible and tangible assets, finance lease assets, and business acquisitions.

 

Earnings per share, EUR

 

result for the period for the parent company shareholders

     

Average number of shares during the period