Accident frequency rate
Number of lost time accidents per million hours worked. Accidents on the road to and from work are excluded.
Accident severity rate
Number of calendar days lost per thousand hours work. Accidents on the road to and from work are excluded.
EBIT - EBIT adjustments .
Adjusted EBIT margin
Adjusted EBIT of fully consolidated companies / revenues excluding metals.
Adjusted EBIT + adjusted depreciation and amortization of fully consolidated companies.
Adjusted EBITDA margin
Adjusted EBITDA of fully consolidated companies / revenues excluding metals.
Adjusted EPS (Earnings per share)
Adjusted net earnings, Group share / average number of (issued shares – treasury shares).
Adjusted EPS, basic
Adjusted net earnings, Group share / average number of outstanding shares.
Adjusted EPS, diluted
Adjusted net earnings, Group share / (average number of outstanding shares + number of potential new shares to be issued under the existing stock option plans x dilution impact of the stock option plans).
Average capital employed
For half years: average of capital employed at start and end of the period
For full year: average of the half year averages.
Average number of shares outstanding, basic
Average number of outstanding shares.
Average number of shares outstanding, diluted
Average number of outstanding shares + number of potential new shares to be issued under the existing stock option plans x dilution impact of the stock option plans.
Fixed Assets + Working Capital (Inventories + adjusted Trade & Other Receivables – adjusted Trade & Other Payables) – Translation Reserves – Current & Non-Current provisions other than provisions for Employee Benefits.
Capitalized investments in tangible and intangible assets, excluding capitalized R&D costs.
Operating profit (loss) of fully consolidated companies, including income from other financial investments + Group share in net profit (loss) of companies accounted for under equity method.
Includes adjusted items related to restructuring measures, impairment of assets, and other income or expenses arising from events or transactions that are clearly distinct from the ordinary activities of the company. Any writedowns on those metal inventories permanently tied up in operations are part of the EBIT adjustments of the business groups.
Effective adjusted tax rate
Adjusted tax charge / adjusted profit (loss) before income tax of fully consolidated companies.
Net financial debt / (net financial debt + equity of the Group).
Closing price x total number of outstanding shares.
Net cashflow before financing
Net operating cashflow – net cashflow generated by (used in) investing activities.
Net financial debt
Non-current financial debt + current financial debt - cash and cash equivalents.
Net debt / LTM adj. EBITDA
Net financial debt divided by adjusted EBITDA of the last 12 months.
Issued shares– treasury shares.
Return on capital employed (ROCE)
Adjusted EBIT / average capital employed.
Revenues (excluding metal)
All revenue elements - value of purchased metals.
Gross research and development charges, including capitalised costs.The reported R&D figures exclude R&D of associates.
The above definitions cover Umicore’s Alternative Performance Measures (“APMs”).