Definitions
Key performance measures are either measures used in Swedish listed companies or measures used by management and analysts.
Performance measure
Definition
Average interest expenses
Interest expenses divided by average interestbearing liabilities.
Net margin
Profit/loss before tax as a percentage of revenue.
Cash flow from operating activities before changes in working capital
The reason for the key performance measure is that the change in inventories, trade receivables and trade payables is marginal, and these items are therefore eliminated to obtain a more accurate picture of operations.
Operating margin
Operating profit/loss after depreciation/amortisation as a percentage of revenue.
Cash flow per share
Cash flow before change in working capital divided by the average number of shares.
Operating profit/loss
Revenue less cost of goods for resale, personnel costs, other operating expenses, depreciation, plus profit/loss from joint ventures/associates and negative goodwill.
CO2e
Amount of a specific greenhouse gas, expressed as the amount of CO 2 that has the same greenhouse gas effect.
Organic growth
Growth above inflation.
Current ratio
Current assets including unutilised credit facilities granted as a percentage of current liabilities.
P/E ratio
Share price at the reporting date divided by earnings per share after tax.
Debt/equity ratio
Interest-bearing liabilities as a percentage of equity.
Price/equity ratio
Share price at the reporting date divided by equity per share.
Diluted earnings per share
Profit/loss for the year attributable to shareholders of the Parent, adjusted for interest expenses after tax on convertible debt, divided by the number of shares after full conversion of convertibles subscribed for.
Quick ratio
Current assets including unutilised credit facilities granted less inventories divided by current liabilities.
Earnings per share
Profit/loss for the year attributable to shareholders of the Parent divided by average number of shares.
Return on capital employed
Profit/loss after net financial items plus finance costs as a percentage of average capital employed. Capital employed is defined as assets less noninterest-bearing liabilities.
ESG
Environmental, social and governance. Refers to three key factors that are considered when evaluating the sustainability and social impact of an investment in a company or business.
Return on equity
Profit/loss after tax as a percentage of average equity.
Equity/assets ratio
Equity as a percentage of total assets.
Return on total assets
Profit/loss after net financial items plus finance costs as a percentage of average total assets.
Equity per share
Equity divided by the average number of shares for the reporting date.
SBTi
SBTi is a partnership betweenthe World Wide Fund forNature (WWF), the UNGlobal Compact, the CarbonDisclosure Project and theWorld Resources Institute. Theaim is to ensure that the climate targets set by companies have a scientific basis.
GHG
Emissions of greenhousegases (GHG) are calculated asemissions of CO 2 equivalents(CO 2e). CO 2e is defined asthe amount of a certain GHG,expressed as the amount ofCO 2 that produces the samegreenhouse effect.
Share dividend yield
Dividend divided by the share price.
Global Reporting Initiative (GRI) Standards
GRI Sustainability Reporting Standards are the first and most widely used global standards for sustainability reporting. GRI is an independent international organisation that has been developing methods for sustainability reporting since 1997
Share price/cash flow
Share price at the reporting date divided by cash flow from operating activities.
Gross margin
Operating profit/loss before depreciation/amortisation as a percentage of revenue.
Interest-bearing liabilities
Current and non-current liabilities to credit institutions, provisions for pensions and items in other current liabilities that are interest-bearing.
Interest coverage ratio
Profit/loss after net financial items plus finance costs as a percentage of finance costs.
Other definitions
Activity
An activity linked to movement that generates income.
Overnight stay
One booked night in a cabin, apartment or hotel room.
ALF
Norske Alpinanlegg og fjelldestinasjoner (Norwegian Ski Lift Association).
Skier day
One day’s skiing with a SkiPass.
Booking volume
A comparison of booked overnight stays between two defined periods.
SkiPass
Card providing access to ski lifts.
Financial year
SkiStar’s financial year covers the period 1 September-31 August. First quarter (Q1):September-November
Second quarter (Q2): December-February
Third quarter (Q3):March-May
Fourth quarter (Q4):June-August.
Second quarter (Q2): December-February
Third quarter (Q3):March-May
Fourth quarter (Q4):June-August.
SLAO
Svenska Skidanläggningars Organisation (Swedish Ski Lift Organisation).
Occupancy rate
Accommodation bookings as a percentage of the beds mediated by SkiStar at 100 percent capacity in the period beginning the third week in December and ending the third week in April.