Glossary and definitions
Total assets less non-interest-bearing liabilities and provisions including deferred tax liabilities.
Cash and cash equivalents
Cash and cash equivalents comprise cash funds held at financial institutions and current liquid investments with a term from the date of acquisition of less than three months, which are exposed to only an insignificant risk of fluctuations in value. Cash and cash equivalents are recognised at nominal amounts.
Cash flow per share
Cash flow from operating activities in relation to the average number of shares. Average number of shares is calculated as the number of shares at period-end multiplied by the number of days this number existed during the period and added to any other number of shares during the period multiplied by the number of days these numbers existed during the period, divided by the number of days during the period.
Earnings per share
Profit for the period excluding non-controlling interests, in relation to the average number of shares. Average number of shares is calculated as the number of shares at period-end multiplied by the number of days this number existed during the period and added to any other number of shares during the period multiplied by the number of days these numbers existed during the period, divided by the number of days during the period.
EBIT after depreciation/amortisation as a percentage of total revenue.
EBITA after depreciation according to plan but before amortisation and impairment of intangible fixed assets.
EBITA as a percentage of total revenue.
Operating profit before depreciation/amortisation and impairment of tangible and intangible fixed assets.
EBITDA as a percentage of total revenue.
Shareholders’ equity including non-controlling interest as a percentage of total assets. Equity/assets ratio for the Parent Company includes shareholders’ equity part of untaxed reserves.
Net sales less costs for goods for resale, as a percentage of net sales.
Revenue minus the cost of goods for resale.
Profit after net financial items plus interest expenses divided by interest expenses.
Current and long-term interest-bearing liabilities for borrowing, meaning excluding pensions, leasing, derivatives and similar obligations, less cash and cash equivalents.
Net debt/equity ratio
Net debt divided by shareholders’ equity including non-controlling interest.
Return on capital employed
Profit after net financial items plus interest expenses as a percentage of average capital employed. Average capital employed is calculated as capital employed at the end of the period added to the four immediately preceding quarters’ capital employed at the end of the period divided by five.
Return on shareholders’ equity
Profit for the period, excluding non-controlling interests, as a percentage of average shareholders’ equity attributable to Parent Company’s shareholders. Average shareholders’ equity attributable to the Parent Company’s shareholders is calculated as shareholders’ equity attributable to the Parent Company’s shareholders at the end of the period added to the four immediately preceding quarters’ shareholders’ equity attributable to the Parent Company’s shareholders at the end
of the period divided by five.
Return on total capital
Profit after net financial items plus interest expenses as a percentage of the average total assets. Average total assets are calculated as total assets at the end of the period added to the four immediately preceding quarters’ total assets at the end of the period divided by five.
Increase in the total revenue as a percentage of the total revenue of the previous year.
Shareholders’ equity per share
Shareholders’ equity excluding non-controlling interests, in relation to the number of shares at the end of the period.
Accessories for cars
Products that are not necessary for a car to function, but enhance the experience or extend use of the car, for example, car-care products, roof boxes, car child seats, etc.
EBIT adjusted for items affecting comparability and acquisition-related items attributable to Mekonomen AB’s direct acquisitions. Current acquisition-related items are amortisations of acquired intangible assets pertaining to the acquisitions of MECA and Sørensen og Balchen, FTZ and Inter-Team.
Adjusted EBIT margin
Adjusted EBIT as a percentage of total revenue.
Workshops that are not proprietary owned, but conduct business under the Group’s different brands.
Sales of goods and services between companies (business-to-business).
Sales of goods and services between companies and consumers (business-to-consumer).
Currency effects on the balance sheet
The impact of currency regarding realised and unrealised revaluations of foreign short-term non-interest-bearing receivables and liabilities.
Currency impact on internal sales from Mekonomen Grossist AB and from MECA Car Parts AB to each country.
Currency impact in the translation of the earnings of foreign subsidiaries to SEK.
Accessories for the car adapted to digital solutions for radio broadcasting. DAB is an abbreviation for Digital Audio Broadcasting.
Mekonomen Group’s offering to companies.
Items affecting comparability
Events or transactions with significant effects, which are relevant to understanding the financial development compared with the earnings of the period in question with earlier periods, including restructuring programmes, costs related to large legal disputes and impairments, as well as gains
and losses from acquisitions or divestment of operations, subsidiaries, associated companies and joint ventures or items of a similar nature.
The car portal that Mekonomen Group owns together with industry players that simplifies the workshop selection and booking processes for car owners.
Own brand products, such as Carwise, Kraft Automotive, ProMeister and Sakura.
Change in net sales adjusted for the number of workdays, acquisitions/divestments and currency effects.
Other operating revenue
Mainly comprises rental income, marketing subsidies and exchange-rate gains within Mekonomen Group.
Branches that are not proprietary, but conduct business under the Group’s brands.
Mekonomen Group’s proprietary brand for high quality spare parts with five-year warranties.
Branches with operations in subsidiaries, directly or indirectly majority owned, by Mekonomen AB.
Workshops with operations in subsidiaries, directly or indirectly majority owned, by Mekonomen AB.
Sales to customer group Affiliated workshops
Sales to affiliated workshops and sales to proprietary workshops.
Sales to customer group Consumers
Cash sales from proprietary branches to customer groups other than affiliated workshops and Other B2B customers, as well as the Group’s e-commerce sales to consumers.
Sales to the customer group Other B2B customers
Sales to business customers that are not affiliated to any of Mekonomen Group’s concepts, including sales in the fleet operations.
Spare parts for cars
Parts that are necessary for a car to function.
Underlying net sales
Sales adjusted for the number of comparable working days and currency effects.