Definitions

Key figures and certain other operating information per share are deined as follows:

Capital employed	Interest-bearing liabilities and shareholders’ equity
Debt/equity ratio	Interest-bearing liabilities divided by shareholders’ equity
EBIT	Earnings before net financial items and tax, the same as Operating earnings
EBITDA	Earnings before interest, taxes, depreciation and amortization. EBIT plus depreciation
Earnings per share, before dilution	Net earnings for the period after tax divided by the weighted average number of shares outstanding after dilution during the period
Equity/assets ratio	Shareholders’ equity as a percentage of total assets
Gross Revenues	Grand total of all invoiced sales transactions reported in a period, without any deductions
Gross to net ratio	Net Revenues divided by Gross Revenues
Investments	Value of an investment before depreciation
Net debt	Current and long-term interest-bearing liabilities including pension liabilities, less cash and cash equivalents
Net earnings	PeriOperating Earnings plus Net Financial Items plus tax
Net financial items	Financial revenue minus financial cost
Net Revenues	Gross Revenues less deductions for sales rebates, sales allowances, distribution, sales returns and other relevant deductions
Number of shares after dilution	Shares at the end of the period adjusted for the dilutive effect of potential shares
Operating expenses	A non-capital expense incurred in daily operating activities
Operating margin	Operating earnings as a percentage of net revenues
Return on shareholders’ equity	Net earnings for the period as a percentage of average shareholders’ equity
Working capital	Current assets less current liabilities
Zubsolv net revenue	Revenue net of discounts and returns