Alternative performance measures
From the January-June 2016 interim report, Mekonomen applies the new Guidelines on Alternative Performance Measures issued by the ESMA*.
Alternative performance measures are financial measures of historical or future financial performance, financial position, or cash flows that are not defined or specified in IFRS. Mekonomen believes that these measures provide valuable supplementary information to company management, investors and other stakeholders in evaluating the company’s performance. These alternative performance measures are not always comparable with the measure used by other companies since not all companies calculate these measures in the same way. Accordingly, the measures are to be viewed as a supplement to the measures defined according to IFRS. For definitions of key figures, refer to Mekonomen Group Annual Report 2018 page 96. For relevant reconciliation of the alternative performance measures that cannot be directly read in or derived from the financial statements, refer to the tables below. All presented earnings ratios in the below reconciliation of performance measures pertain to continuing operations, except for earnings per share which is calculated on total operations.
*The European Securities and Markets Authority.