Acquisition-driven growth
Annual growth in net sales in local currencies, based on acquired businesses.

Acquisition-related items
Amortisation and impairment of goodwill and acquisition-related intangible assets, revaluation of additional purchase price, profit and loss on the divestment of companies and operations, and profit and loss on the divestment of buildings and land.

Billing ratio
Billable hours in relation to total hours of attendance for all employees.

Capital employed
Total assets less interest-free current and non-current liabilities and deferred tax liabilities.

Cash flow per share
The year’s cash flow divided by the average number of shares outstanding (excluding treasury shares).

Debt/equity ratio
Interest-bearing liabilities in relation to shareholders’ equity.

Direct return
The year’s transfer to shareholders (proposed for 2017) in relation to the closing price for the Sweco Class B share.

Earnings per share
Profit for the year attributable to owners of the Parent Company divided by the average number of shares outstanding (excluding treasury shares).

Operating profit before acquisition-related items.

EBITA margin
EBITA in relation to net sales.

Operating profit before amortisation/depreciation and impairment of intangible assets, property, plant and equipment and acquisition-related items.

EBITDA margin
EBITDA in relation to net sales.

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