In many areas within the Elma Group, the financial reporting includes the use of alternative performance measures (APMs) which are not defined in Swiss GAAP FER. These APM should not be viewed in isolation or as a substitute for other reporting metrics, but should be regarded as supplementing those financial key performance indicators whose use is specified in Swiss GAAP FER. In accordance with the SIX Swiss Exchange’s Directive on the Use of Alternative Performance Measures of March 20, 2018 with entry into effect on January 1, 2019, the APM used by the Elma Group are explained as follows:
Order Income - new reporting rules effective January 1, 2025
From January 1, 2025, only new orders will be reported in order income, regardless of the planned delivery date. The previous year's figure has been adjusted accordingly to ensure comparability. In previous years, all orders received that were scheduled for delivery within the next six months after the order was placed were recorded as order income.
EBITDA
Earnings before Interest, Income Taxes as well as Depreciation and Amortization on fixed assets and intangible assets.
EBIT
Operating result, i.e. net sales less cost of goods sold, sales and administrative expenses as well as other operating expenses plus other operating income before financial result, non-operating result and income taxes.
ROE (Return on Equity)
Return on equity, i.e. net profit divided by the average equity.
Net debts
Short-term and long-term interest-bearing financial liabilities minus cash.
Free Cash Flow
Cash flow from operating activities minus cash flow from investing activities.
ROCE (Return on capital employed)
EBIT/(capital employed [=total assets - current liabilities]) in%
Net debts ratio
Net financial debts /EBITDA
Adjusted for currency effects
Order income and net sales are also shown adjusted for currency effects. Foreign currency effects are adjusted by converting orders and net sales for the current reporting period using the average exchange rates for the same period in the previous year.
Stock market capitalization
The stock market capitalization is equivalent to the share closing price, multiplied by the number of shares on the reporting date.