open/close

Financial Definitions

Financial Definitions

Key figures
Net interest-bearing debt (NIBD) = Interest-bearing debt less interest-bearing assets and cash and cash equivalents
Net working capital (NWC) =
Receivables and other current operating assets less trade payables and other payables and other current operating liabilities
Invested capital =
NWC + property, plant and equipment, intangible assets including goodwill and customer relationships less long-term provisions
Adjusted earnings =
The DSV Panalpina A/S shareholders’ share of profit for the reporting period adjusted for amortisation and impairment of goodwill and customer relationships, costs related to share-based payments and special items. The tax effect of the adjustments has been taken into account

 


Financial ratios

Gross margin

=
Gross profit * 100
_______________________________________________________________________

Net revenue

Operating margin

=
Operating profit before impairment of goodwill and special items * 100
_______________________________________________________________________

Net revenue

Conversion ratio

=
Operating profit before impairment of goodwill and special items * 100
_______________________________________________________________________

Gross profit

Effective tax rate*

=
Tax on profit for the year
_______________________________________________________________________

Profit before tax

ROIC before tax

=
Operating profit before impairment of goodwill and special items * 100
_______________________________________________________________________

Average invested capital

Return on equity (ROE)

=
Profit attributable to the shareholders of DSV Panalpina A/S * 100
_______________________________________________________________________

Average equity excluding non-controlling interests

Solvency ratio

=
Equity excluding non-controlling interests * 100
_______________________________________________________________________

Total assets

Solvency ratio
= Equity excluding non-controlling interests * 100
_______________________________________________________________________

Total assets

Gearing ratio*

=
Net interest-bearing debt
_______________________________________________________________________

Operating profit before amortization, impairment of goodwill and special items

 


Share ratios

Earnings per share

=
Profit attributable to the shareholders of DSV Panalpina A/S
_______________________________________________________________________

Average number of shares

Earnings per share diluted

=
Profit attributable to the shareholders of DSV Panalpina A/S
_______________________________________________________________________

Average number of shares diluted

Adjusted earnings per share diluted

=
Adjusted earnings
_______________________________________________________________________

Average number of shares diluted
Number of shares = Total number of shares outstanding excluding treasury shares at the reporting date
 
Average number of shares = Average number of shares outstanding during the reporting period
Average number of shares diluted =
Average number of shares outstanding during the reporting period including share options, but excluding out-of-the-money options measured relative to the average share price for the period