Definitions

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, and profit and loss on the divestment of companies, operations, 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 noncurrent 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 2018) 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).

EBITA
Operating profit before Acquisitionrelated items.

EBITA margin
EBITA in relation to net sales.

EBITDA
Operating profit before amortisation/depreciation and impairments of intangible assets, property, plant and equipment and Acquisition-related items.

EBITDA margin
EBITDA in relation to net sales.

Employee turnover rate
The number of employees who left the Group during the year in relation to the average number of employees.

Equity/assets ratio
Shareholders’ equity in relation to total assets.

Equity per share
Equity attributable to owners of the Parent Company divided by the number of shares outstanding (excluding treasury shares) at the end of the period.

Extraordinary items
Consists of extraordinary transaction, integration and restructuring costs of acquired operations.

Growth, currency effects
Effect of exchange rate changes on net sales growth.

IAS
International Accounting Standards.

IFRS
International Financial Reporting Standards.

Interest coverage ratio
Profit after net financial items plus financial expenses in relation to financial expenses.

Market capitalisation
The year’s closing price for the Sweco class A and class B share multiplied by the number of shares outstanding in each class.

Net debt/equity ratio
Interest-bearing liabilities less cash and cash equivalents divided by shareholders’ equity.

Net debt
Interest-bearing liabilities less cash and cash equivalents.

Normal working hours
The potential number of hours, according to the calendar, that a full-time employee could work if he/she is not absent and does not work overtime.

Number of employees
Number of individuals employed at the end of the period.

Number of full-time employees
Hours of attendance plus hours of absence (excluding long-term absence) divided by normal working hours.

Operating margin
Operating profit in relation to net sales.

Operating profit (EBIT)
Profit before net financial items and tax.

Operating profit per employee
Operating profit divided by the number of fulltime employees.

Organic growth
Annual growth in net sales in local currencies, excluding acquisitions.

Profit margin
Profit before tax in relation to net sales.

Return on capital employed
Profit after net financial items plus financial expenses in relation to average capital employed.

Return on equity
Profit for the year attributable to owners of the Parent Company in relation to average equity attributable to owners of the Parent Company.

Return on total assets
Profit after net financial items plus financial expenses in relation to average total assets.

Total return
Share price performance including reinvested dividends.

Value added per employee
Operating profit plus personnel costs divided by the full-time equivalents.