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Cargotec in figures Financials

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Calculation of key figures

Alternative performance measures (APMs) used in Cargotec's financial reporting

Cargotec uses and presents APMs to better convey the underlying business performance and to enhance comparability from period to period. APMs are reported as complementary information.


The alternative performance measures used by Cargotec are:

  • Operating profit excluding restructuring costs (MEUR and % of shares) = Operating profit + restructuring costs
  • ​Interest-bearing net debt (MEUR) = Interest-bearing liabilities – loans receivable and other interest-bearing assets +/- foreign currency hedge of corporate bonds
  • Net interest-bearing debt / EBITDA, rolling 12 months = Net interest bearing debt / EBITDA (earning before interests, taxes, depreciation and amortisation, rolling 12 months)
  • Operative capital employed = Net working capital + goodwill + other intangible assets + property, plant and equipment + investments in associated companies and joint ventures + share investments


Restructuring costs include restructuring provisions, asset impairments and disposals, expenses for vacant premises and other restructuring-related expenses in case of a significant restructuring programme of Cargotec or its business area.

New alternative performance measure – Comparable operating profit

Starting from 1 January 2019, Cargotec replaces the alternative performance measure of "operating profit excluding restructuring costs" with "comparable operating profit" for measuring business performance in the financial reporting. Comparable operating profit does not contain items significantly affecting comparability. In addition to restructuring costs, these items mainly include capital gains and losses, income and expenses related to business acquisitions and disposals, impairments of assets and reversals of impairments, insurance benefits, and expenses related to legal proceedings. Cargotec's comparable operating profit for 2018 is EUR 242.1 (2017: 258.6) million.

 

Formulas for calculation of key figures

Formulas

Return on equity (ROE) (%) = 100 x Net income for financial period / Total equity (average for financial period)

Return on capital employed (ROCE) (%) = 100 x (Income before taxes + interest and other financing expenses) / (Total assets - non-interest-bearing debt) (average for the period)

Total equity / total assets (%) = 100 x Total equity / (Total assets - advances received)

Gearing (%) = 100 x (Interest-bearing liabilities - loans receivable and other interest-bearing assets +/- foreign currency hedge of corporate bonds) / Total equity

Basic earnings / share (EUR)= Net income attributable to the equity holders of the parent / Average number of outstanding shares during period
Diluted earnings / share (EUR) = Net income attributable to the equity holders of the parent / Average number of diluted outstanding shares during period

Equity / share (EUR) = Total equity attributable to the equity holders of the parent / Number of outstanding shares at the end of period

Dividend / share (EUR) = Dividend for financial period / Number of outstanding shares at the end of financial period

Dividend / earnings (%) = 100 x (Dividend for financial period / share) / (Earnings / share)

Effective dividend yield (%) = 100 x (Dividend / share) / Closing price for the class B share at the end of financial period

Price / earnings (P/E) = Closing price for the class B share at the end of period / (Earnings / share)

Average share price (EUR) = EUR amount traded during period for the class B share / Number of class B shares traded during period

Market capitalisation at the end of financial period = Number of class B shares outstanding at the end of period x closing price for the class B share at the end of period + Number of class A shares outstanding at the end of period x closing day average price for the class B share

Trading volume = Number of class B shares traded during period

Trading volume (%) = 100 x Number of class B shares traded during period / Average weighted number of class B shares during period
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