Reconciliation of Alternative Performance Measures (APMs)
| 2025-01-01 2025-12-31 |
2024-01-01 2024-12-31 |
|
|---|---|---|
| Total operating income (A) | 785,516 | 696,102 |
| Goods for resale (B) | -289,200 | -264,080 |
| Gross profit (A) + (B) | 496,316 | 432,022 |
| Net revenue (C) | 784,390 | 694,847 |
| Gross margin, % ((A) + (B)) / (C) | 63,3% | 62,2% |
| Inventory (A) | 144,446 | 133,228 |
| Net revenue, last twelve months (LTM) (B) | 784,390 | 694,847 |
| Inventory as % of LTM net revenue (A) / (B) | 18.4% | 19,2% |
| Cash and cash equivalents (A) | 241,918 | 219,463 |
| Interest bearing liabilities (current and non-current) (B) | - | - |
| Interest bearing lease liabilities (current and non-current) (C) | -129,653 | -28,132 |
| Net cash / (Net debt) (A) + (B) + (C) | 112,265 | 191,331 |
| Net cash / (net debt) adjusted for leasing debt (A) + (B) | 241,918 | 219,463 |
| Net revenue (A) | 784,390 | 694,847 |
| Marketing cost (B) | -238,259 | -216,278 |
| Marketing expenses as a percentage of net sales, % (B) / (A) | 30,4% | 31,1% |
| Last year's net revenue (A) | 694,847 | 702,203 |
| Net revenue (B) | 784,390 | 694,847 |
| FX impact on this year's net revenue (C) | -24,047 | -312 |
| Net revenue, excluding FX impact (B)-(C)=(D) | 808,437 | 695,159 |
| Organic net revenue growth % (D)/(A)-1 | 16,3% | -1,0% |
| Profit for the period (A) | 62,496 | 51,771 |
| Operating income (B) | 785,516 | 696,102 |
| Profit margin for the period, % (A) / (B) | 8,0% | 7,4% |
| Operating profit (EBIT) (A) | 78,508 | 60,705 |
| Net revenue (B) | 784,390 | 694,847 |
| Operating margin, % (A) / (B) | 10,0% | 8,7% |
| Adjusted equity (A) | 593,326 | 556,853 |
| Total assets (B) | 899,822 | 753,380 |
| Equity ratio, % (A) / (B) | 65,9% | 73,9% |