Non-GAAP measures definition in the Schindler reporting
The financial information contained in the reporting includes certain non-GAAP measures, which are not as defined by IFRS. They are used by management solely for the purpose of defining targets and measuring the Group’s performance. These non-GAAP measures may not be comparable to similar measures at other companies and they should not be viewed as a substitute for IFRS measures.
Investor Relations Contact
Marco Knuchel
Head Investor Relations
Tel. +41 41 445 30 61
investor.relations@schindler.com
| Number of employees | The number of employees is defined as full-time equivalents (FTE). |
| Order intake | Order intake is defined as the total value of orders received in the reporting period for all product lines, new installations, modernization, maintenance, and repairs. |
| Order backlog | Order backlog is defined as the value of all open customer contracts, net of revenue from contracts with customers that was already recognized. |
| Operating profit (EBIT), adjusted | Adjusted operating profit (EBIT) is defined as earnings before interest and taxes (EBIT) in the reporting period, excluding restructuring costs and expenses for BuildingMinds. |
| Return on equity (RoE) | RoE is defined as net profit divided by average total equity. The average figure is based on the opening and closing balance of the period. |
| Net liquidity | Net liquidity is defined as follows: + Cash and cash equivalents + Current financial assets + Non-current financial assets (excluding the investment in Hyundai Elevator Co. Ltd.) – Current financial debts – Current lease liabilities – Non-current financial debts – Non-current lease liabilities |
| Net working capital | Net working capital is defined as follows: + Accounts receivable + Income tax receivable + Contract assets + Inventories + Prepaid expenses – Accounts payable – Income tax payable – Contract liabilities – Accrued expenses |
| Restructuring costs | Restructuring costs are defined as costs related to strategic restructuring measures. |
| Exceptional items | Exceptional items are defined as significant costs and income which, because of their exceptional nature, cannot be viewed as inherent to the Group’s ongoing performance. They include revaluation gains, disposals of Group companies, and impairments. |
| Changes in local currencies | Changes in local currencies are defined as impacts calculated using constant exchanges rates. The change is calculated by converting the figures for the current period at the previous year’s average rates and comparing the result with the figures for the previous year. |