RECONCILIATION TABLES FOR ALTERNATIVE PERFORMANCE MEASUREMENTS |
The alternative performance measurements below have been used in HANZA's interim reports |
Gross margin |
The measurement is considered relavant to give a picture of HANZA's contribution to the operations after material costs. |
Isolated quarters | Jan-Mar | Apr-Jun | Jul-Sep | Oct-Dec |
2025 | 2025 | 2025 | 2025 | |
+ Net sales, SEK millions | 1 326 | 1 516 | 1404,0 | 1 779,0 |
Change in inventories in production, finished goods and work in progress on behalf of - others, SEK millions | -25 | -24 | 40,0 | 30,0 |
- Raw materials and consumables, SEK millions | -737 | -809 | -818,0 | -989,0 |
= Gross profit, SEK millions | 564 | 683 | 626,0 | 820,0 |
/ Net sales, SEK millions | 1 326 | 1 516 | 1 404,0 | 1 779,0 |
= Gross margin, % | 42,5% | 45,1% | 44,6% | 46,1% |
Accumulated values | Jan-Mar | Jan-Jun | Jan-Sep | Jan-Dec |
2025 | 2025 | 2025 | 2025 | |
+ Net sales, SEK millions | 1 326 | 2 842 | 4 246,0 | 6 025,0 |
Change in inventories in production, finished goods and work in progress on behalf of - others, SEK millions | -25 | -49 | -9,0 | 21,0 |
- Raw materials and consumables, SEK millions | -737 | -1546 | -2 364,0 | -3 353,0 |
= Gross profit, SEK millions | 564 | 1 247,0 | 1 873,0 | 2 6G3,0 |
/ Net sales, SEK millions | 1 326 | 2 842 | 4 246,0 | 6 025,0 |
= Gross margin, % | 42,5% | 43,G% | 44,1% | 44,7% |
EBITDA and EBITDA margin |
The measurements are considered relavant to give a picture of HANZA's operational profitability before depreciations, amortizations and |
Isolated quarters | Jan-Mar | Apr-Jun | Jul-Sep | Oct-Dec |
2025 | 2025 | 2025 | 2025 | |
+ Operating profit (EBIT), SEK millions | 79 | 97 | 116,0 | 121,0 |
+ Depreciations, amortizations and write-downs, SEK millions | 59 | 70 | 77,0 | 71,0 |
= EBITDA, SEK millions | 138 | 167 | 1G3,0 | 1G2,0 |
/ Net sales, SEK millions | 1 326 | 1 516 | 1 404,0 | 1 779,0 |
= EBITDA margin, % | 10,4% | 11,0% | 13,7% | 10,8% |
Accumulated values | Jan-Mar | Jan-Jun | Jan-Sep | Jan-Dec |
2025 | 2025 | 2025 | 2025 | |
+ Operating profit (EBIT), SEK millions | 79 | 176 | 292,0 | 413,0 |
+ Depreciations, amortizations and write-downs, SEK millions | 59 | 129 | 206,0 | 277,0 |
= EBITDA, SEK millions | 138 | 305 | 4G8,0 | 6G0,0 |
/ Net sales, SEK millions | 1 326 | 2 842 | 4 246,0 | 6 025,0 |
= EBITDA margin, % | 10,4% | 10,7% | 11,7% | 11,5% |
Operating profit (EBITA) and EBITA-margin |
The measurements are considered relavant to give a picture of HANZA's operational profitability before amortizations and write-downs of |
Isolated quarters | Jan-Mar | Apr-Jun | Jul-Sep | Oct-Dec |
2025 | 2025 | 2025 | 2025 |
+ Operating profit (EBIT), SEK millions | 79 | 97 | 116,0 | 121,0 |
+ Amortizations and write-downs of intangible assets, SEK millions | 7 | 9 | 8,0 | 11,0 |
= EBITA, SEK millions | 86 | 106 | 124,0 | 132,0 |
/ Net sales, SEK millions | 1 326 | 1 516 | 1 404,0 | 1 779,0 |
= EBITA-margin, % | 6,5% | 7,0% | 8,8% | 7,4% |
Accumulated values | Jan-Mar | Jan-Jun | Jan-Sep | Jan-Dec |
2025 | 2025 | 2025 | 2025 | |
+ Operating profit (EBIT), SEK millions | 79 | 176 | 292,0 | 413,0 |
+ Amortizations and write-downs of intangible assets, SEK millions | 7 | 16 | 24,0 | 35,0 |
= EBITA, SEK millions | 86 | 1G2 | 316,0 | 448,0 |
/ Net sales, SEK millions | 1 326 | 2 842 | 4 246,0 | 6 025,0 |
= EBITA-margin, % | 6,5% | 6,8% | 7,4% | 7,4% |
Adjusted operating profit (EBITA excluding non comparable items) |
The measurements are considered relavant to give a picture of HANZA's operational profitability excluding non comparable items |
Isolated quarters | Jan-Mar | Apr-Jun | Jul-Sep | Oct-Dec |
2025 | 2025 | 2025 | 2025 | |
+ Operating profit (EBITA), SEK millions | 86 | 106 | 124 | 131 |
+ Non comparable items, SEK millions | 11 | 0 | 0 | 28 |
= Adjusted EBITA, SEK millions | G7 | 106 | 124,3 | 15G,3 |
= Adjusted operating profit margin, % | 7,3% | 7,0% | 8,G% | G,0% |
Accumulated values | Jan-Mar | Jan-Jun | Jan-Sep | Jan-Dec |
2025 | 2025 | 2025 | 2025 | |
+ Operating profit (EBITA), SEK millions | 86 | 192 | 316 | 448 |
+ Non comparable items, SEK millions | 11 | 11 | -17 | 11 |
= Adjusted EBITA, SEK millions | G7 | 203 | 2GG,3 | 458,6 |
= Adjusted operating profit margin, % | 7,3% | 7,1% | 7,1% | 7,6% |
Operating profit from operational segments (Operational EBIT), EBITA and EBITA margin |
The measurements are considered relavant to give a picture of HANZA's long-term operational profitability. |
Isolated quarters | Jan-Mar | Apr-Jun | Jul-Sep | Oct-Dec |
2025 | 2025 | 2025 | 2025 | |
+ Operating profit (EBIT), SEK millions | 79 | 97 | 116,0 | 121,0 |
+ Business development costs (Business development segments EBIT), SEK million | 5 | 7 | -37,7 | 20,5 |
= Operating profit from operational segments (Operational EBIT), SEK millions | 84 | 104 | 78,3 | 141,5 |
+ Amortizations and write-downs of intangible assets, SEK millions | 7 | 9 | 8,0 | 11,0 |
= Operational segmentens EBITA, SEK millions | G1 | 113 | 86,3 | 152,5 |
/ Net sales, SEK millions | 1 326 | 1 516 | 1 404,0 | 1 779,0 |
= Operational EBITA margin, % | 6,G% | 7,5% | 6,1% | 8,6% |
Accumulated values | Jan-Mar | Apr-Jun | Jul-Sep | Oct-Dec |
2025 | 2025 | 2025 | 2025 | |
+ Operating profit (EBIT), SEK millions | 79 | 176 | 292,0 | 413,0 |
+ Business development costs (Business development segments EBIT), SEK million | 5 | 12 | -25,7 | -5,2 |
= Operating profit from operational segments (Operational EBIT), SEK millions | 84 | 188 | 266,3 | 407,8 |
+ Amortizations and write-downs of intangible assets, SEK millions | 7 | 16 | 24,0 | 35,0 |
= Operational segmentens EBITA, SEK millions | G1 | 204 | 2G0,3 | 442,8 |
/ Net sales, SEK millions | 1 326 | 2 842 | 4 246,0 | 6 025,0 |
= Operational EBITA margin, % | 6,G% | 7,2% | 6,8% | 7,3% |
Business development segment EBITA |
The measurement is considered relavant to show the size of HANZA costs that are not connected to the operations. |
Isolated quarters | Jan-Mar | Apr-Jun | Jul-Sep | Oct-Dec |
2025 | 2025 | 2025 | 2025 | |
Business development segment EBITA (=Business development segment EBIT) | -5 | -7 | 37,7 | -20,5 |
Accumulated values | Jan-Mar | Apr-Jun | Jul-Sep | Oct-Dec |
2025 | 2025 | 2025 | 2025 | |
Business development segment EBITA (=Business development segment EBIT) | -5 | -12 | 25,7 | 5,2 |
Operating capital, return on operating capital and capital turnover on operating capital |
The measurement are considered relavant to give a picture of capital used in the operations and return on that capital. |
Isolated quarters | Jan-Mar | Apr-Jun | Jul-Sep | Oct-Dec |
2025 | 2025 | 2025 | 2025 | |
+ Balance sheet total, SEK millions | 4 890 | 4 895 | 4 851,0 | 5 307,0 |
- Cash and cash equivalents, SEK millions | -281 | -301 | -230,0 | -490,0 |
- Financial assets, SEK millions | ||||
- Non-interest-bearing liabilities, SEK millions | -1 251 | -1 257 | -1259,0 | -1 304,0 |
= Operating capital, SEK millions | 3 358 | 3 337 | 3 362,0 | 3 513,0 |
+ | EBITA, SEK millions (se above) | 86 | 106 | 124,0 | 132,0 |
/ | Average operating capital, SEK millions | 2 836 | 3 348 | 3 349,5 | 3 437,5 |
= | Return on operating capital, % | 3,0% | 3,2% | 3,7% | 3,8% |
+ | Net sales, SEK millions | 1 326 | 1 516 | 1 404,0 | 1 779,0 |
/ | Average operating capital, SEK millions | 2 836 | 3 348 | 3 349,5 | 3 437,5 |
= | Capital turnover on operating capital, % | 0,5 | 0,5 | 0,4 | 0,5 |
Accumulated values | Jan-Mar | Jan-Jun | Jan-Sep | Jan-Dec |
2025 | 2025 | 2025 | 2025 | |
+ Balance sheet total, SEK millions | 4 890 | 4 895 | 4 851,0 | 5 307,0 |
- Cash and cash equivalents, SEK millions | -281 | -301 | -230,0 | -490,0 |
- Financial assets, SEK millions | ||||
- Non-interest-bearing liabilities, SEK millions | -1 251 | -1 257 | -1259,0 | -1 304,0 |
= Operating capital, SEK millions | 3358 | 3337 | 3 362,0 | 3 513,0 |
+ | EBITA, SEK millions (se above) | 86 | 192 | 316,0 | 448,0 |
/ | Average operating capital, SEK millions | 2 577 | 2 567 | 2 579,0 | 2 654,5 |
= | Return on operating capital, % | 3,3% | 7,5% | 12,3% | 16,G% |
+ | Net sales, SEK millions | 1 326 | 2 842 | 4 246,0 | 6 025,0 |
/ | Average operating capital, SEK millions | 2 577 | 2 567 | 2 579,0 | 2 654,5 |
= | Capital turnover on operating capital, full year meassurement % | 2,1 | 2,2 | 2,2 | 2,3 |
Return on capital employed |
The measurement is considered relevant to show profitability related to capital used in the operations. |
Isolated quarters | Jan-Mar | Apr-Jun | Jul-Sep | Oct-Dec |
2025 | 2025 | 2025 | 2025 | |
+ Balance sheet total, SEK millions | 4 890 | 4 895 | 4 851,0 | 5 307,0 |
- Non-interest-bearing liabilities, SEK millions | -1 251 | -1 257 | -1259,0 | -1304,0 |
= Capital employed, SEK millions | 3 63G | 3 638 | 3 5G2,0 | 4 003,0 |
+ | Profit/loss before tax, SEK million | 47 | 61 | 85,0 | 90,0 |
+ | Finacial expenses, SEK million | 32 | 36 | 31,0 | 31,0 |
/ | Average capital employed, SEK millions | 3 114 | 3 639 | 3 615,0 | 3 797,5 |
= | Return on capital employed, % | 2,5% | 2,7% | 3,2% | 3,2% |
Accumulated values | Jan-Mar | Jan-Jun | Jan-Sep | Jan-Dec |
2025 | 2025 | 2025 | 2025 | |
+ Balance sheet total, SEK millions | 4 890 | 4 895 | 4 851,0 | 5 307,0 |
- Non-interest-bearing liabilities, SEK millions | -1 251 | -1 257 | -1259,0 | -1304,0 |
= Capital employed, SEK millions | 3 63G | 3 638 | 3 5G2,0 | 4 003,0 |
+ | Profit/loss before tax, SEK million | 47 | 108 | 193,0 | 283,0 |
+ | Finacial expenses, SEK million | 32 | 68 | 99,0 | 130,0 |
/ | Average capital employed, SEK millions | 2 888 | 2 887 | 2 864,0 | 3 069,5 |
= | Return on capital employed full year measurement, % | 2,7% | 6,1% | 10,2% | 13,5% |
Net interest-bearing debt, net debt/equity ratio and net debt in relation to adjusted EBITDA |
The measurements are considered relavant to evaluate the financial risk and debt in relation to profitability in HANZA. |
Mar | Jun | Sep | Dec | |
2025 | 2025 | 2025 | 2025 | |
+ Interest-bearing liabilities, SEK millions | 1 982 | 1 934 | 1 819,0 | 2189,0 |
- Cash and cash equivalents, SEK millions | -281 | -301 | -230,0 | -490,0 |
- Lease liabilities related to buildings and premises | -505 | -501 | -521,7 | -460,4 |
= Net interest-bearing debt, SEK millions | 1 1G6 | 1133 | 1067,3 | 1238,6 |
/ Shareholders equity, SEK millions | 1 657 | 1 704 | 1773,0 | 1814,0 |
= Net debt/equity ratio, times | 0,7 | 0,7 | 0,6 | 0,7 |
+ | Net interest-bearing debt, SEK millions | 1 196 | 1 133 | 1 067,3 | 1 238,6 |
/ | adjusted EBITDA, rolling 12 months | 429 | 491 | 545,6 | 616,0 |
Net debt in relation to EBITDA, times | 2,8 | 2,3 | 2,0 | 2,0 |
Net interest-bearing debt in relation to adjusted EBITDA including acquired companies |
The measurements are considered relavant to evaluate the financial risk and debt in relation to profitability in HANZA. |
Mar | Jun | Sep | Dec |
2025 | 2025 | 2025 | 2025 |
+ Interest-bearing liabilities, SEK millions 1 196 | 1 133 | 1 133 | 1 239 |
+ | adjusted EBITDA, rolling 12 months | 429 | 491 | 546 | 616 |
+ | EBITDA acquired companies | 93 | 67 | 40 | 13 |
= | Adjusted EBITDA including acquired companies | 522 | 558 | 585 | 629 |
Net debt in relation to adjusted EBITDA including acquired companies, times | 2,3 | 2,0 | 1,G | 2,0 |
Equity ratio |
The measurement is considered relavant to, over time, give a picture of the portion of the total capital used which comes from |
Mar | Jun | Sep | Dec |
2025 | 2025 | 2025 | 2025 |
+ Shareholders equity, SEK millions 1 657 | 1 704 | 1 773,0 | 1 814,0 |
/ Balance sheet total, SEK millions 4 890 | 4 895 | 4 851,0 | 5 307,0 |
= Equity ratio, % 33,G% | 34,8% | 36,5% | 34,2% |
Equity per share |
The measurement is considered relevant to show the net worth per share. |
Mar | Jun | Sep | Dec |
2025 | 2025 | 2025 | 2025 |
+ Shareholders equity, SEK millions 1 657 - Paid but not yet registred equity, SEK millions | 1 704 | 1 773,0 | 1 814,0 |
/ Number of shares outstanding on the balance sheet date 45 959 340 | 45 959 340 | 45 959 340 | 45 959 340 |
= Equity per share, SEK million 36,06 | 37,0G | 38,5G | 3G,46 |
Adjusted calculated earnings per share after dilution, SEK |
The measurements are considered relavant to evaluate profit per share adjusted for non comparable items. |
Mar | Jun | Sep | Dec | |
2025 | 2025 | 2025 | 2025 | |
+ Profit/loss before tax, SEK millions | 40 | 92 | 170 | 246 |
+ Non comparable items, SEK millions | 11 | 11 | -17 | 11 |
/ Weighted average number of shares after dilution | 44 624 362 | 44 624 362 | 44 624 362 | 44 624 362 |
= Adjusted calculated earnings per share after dilution, SEK | 1,14 | 2,31 | 3,43 | 5,76 |
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