Glossary

Clas Ohlson uses certain financial measures that are not defined in accordance with IFRS.

Clas Ohlson believes that these key ratios are relevant to users of the financial report as a supplement for assessing Clas Ohlson’s performance. These financial measures are not always comparable with the measures used by other companies since not all companies calculate such financial measures in the same way. Accordingly, these financial measures are not to be regarded as a replacement for measures defined according to IFRS. The measures not defined according to IFRS are presented below, unless otherwise stated.

Average receipt
Average amount per purchase.

Capital employed
Balance-sheet total (total assets) less current non-interest-bearing liabilities.

Cash flow from operating activities
Operating profit adjusted for items not included in cash flow, interest, paid tax and change in working capital.

Cash flow from operating activities per share
Cash flow from operating activities divided by the average number of shares before dilution.

Clas Office
Our concept that facilitates purchases for our corporate customers.

Club Clas
Our loyalty program, our loyalty club.

Code of Conduct
The standards we set for ourselves, and the suppliers of our products and services, regarding working conditions, workplace health and safety and the environment.

Comparable units
Units that have been in operation during the current period and the entire year-earlier period.

Comprehensive income per share
Comprehensive income divided by average number of shares before dilution.

Conversion rate
The percentage of visitors who make a purchase.

Dividend yield
Dividend per share divided by the year-end share price.

Earnings per share (before and after dilution)
Profit for the period divided by the number of shares (before and after dilution).

Equity per share
Equity divided by the number of shares outstanding at the end of the period.

Equity/assets ratio
Equity at the end of the period divided by the balance-sheet total (total assets).

Franchise
Concept whereby we “rent” our brand to an external player, who operates a store under our name.

GRI
The Global Reporting Initiative, a global standard for sustainability reporting.

Gross margin
Gross profit divided by sales for the period.

Nasdaq Stockholm
Marketplace for trading with securities, where Clas Ohlson’s series B share is listed.

Omni-channel
A shopping experience where customers perceive a seamless interaction between physical stores, the online store and telephone sales.

Operating margin
Operating profit divided by sales for the period.

Payout ratio
Dividend divided by earnings per share before dilution.

Products for a more sustainable lifestyle
Products with a positive, or significantly lower, environmental impact throughout their life cycle than a standard product.

P/E ratio
Share price at year-end divided by earnings per share before dilution.

Return on equity
Net profit for the period expressed as a percentage of average equity. Average equity is calculated as the total equity for the most recent 12 months divided by 12.

Return on capital employed
Operating profit plus financial income expressed as a percentage of average capital employed. Average capital employed is calculated as the total capital employed for the most recent 12 months divided by 12.

Sales per square metre
Store sales in relation to the effective retail space. For new stores, a conversion has been made in relation to how long the store has been open.

Sales growth
Sales in relation to sales during the year-earlier period.

sCORE
Systems for Clas Ohlson Retail Efficiency, our project for the introduction of a new business system.

Store traffic
Number of visitors.

Working capital
The total of current assets, minus cash and cash equivalents (inventories and current receivables), less current non-interest-bearing liabilities.