In many areas within the Elma Group, the financialreporting includes the use of alternative performance measures (APMs) which arenot defined in the Swiss GAAP ARRs. These APMs should not be viewed inisolation or as a substitute for other reporting metrics, but should beregarded as supplementing those financial key performance indicators whose useis specified in the Swiss GAAP ARRs.
In accordance with the SIX Swiss Exchange’s Directive on the Use of AlternativePerformance Measures of March 20, 2018 with entry into effect on January 1,2019, the APMs used by the Elma Group are explained as follows:
Order Income
The order income includes deliveries within the next six months. Callorders are only disclosed if the partial delivery is scheduled within the nextsix months
EBITDA
Earnings before Interest, Income Taxes as well as Depreciation andAmortization on fixed assets and intangible assets
EBITA
Earnings before Interest, Income Taxes and Amortization on intangibleassets
EBIT
Operating result, i.e. net sales less cost of goods sold, sales andadministrative expenses as well as other operating expenses plus otheroperating income before financial result, non-operating result and income taxes
ROE (Return on Equity)
Return on equity, i.e. net profit divided by the average equity
Net debts
Short-term and long-term interest-bearing financial liabilities minus cash
Free Cash Flow
Cash flow from operating activities minus cash flow from investing activities
ROCE (Return on capital employed)
EBIT/(capital employed [=total assets - current liabilities]) in%
Net debts ratio
Net financial debts /EBITDA
Adjusted for currency effects
Order income and net sales are also shown adjusted for currency effects. Foreign currency effects are adjusted by converting orders and net sales for the current reporting period using the average exchange rates for the same period in the previous year
Stock market capitalization
The stock market capitalization is equivalent to the share closing price, multiplied by the number of shares on the reporting date