As a global company with a diverse portfolio of products and services, we use a comprehensive framework of indicators to manage performance. The most important key performance indicator (KPI) for measuring performance is EBITDA pre1.
The Value Creation and Financial KPI Pyramid, which summarizes our important financial performance measures, reflects the comprehensive framework of financial KPIs used to steer the businesses and prioritize the allocation of cash resources. It consists of three managerial dimensions: Group, Business and Projects, each of which requires the use of different indicators.
EBITDA pre1 = Earnings before interest, income tax, depreciation, and amortization as well as adjustments.
EBITDA pre margin1 = Earnings before interest, income tax, depreciation, and amortization as well as adjustments as a percentage of net sales.
EPS = Earnings per share.
EPS pre1 = Earnings per share pre (earnings per share before adjustments).
OCF1 = Operating cash flow.
CAPEX = Capital expenditure.
ROCE1 = Return on capital employed.
NPV1 = Net present value.
IRR1 = Internal rate of return.
eNPV1 = Expected net present value.
M&A = Mergers and acquisitions.
1 Not defined by IFRS Accounting Standards.