Financial terms

Operating capital

Average total assets less cash and cash equivalents, other provisions, accounts payable and other non-interest-bearing liabilities.

Return on operating capital

Rolling 12 months’ operating profit with add-back of acquisition, restructuring and integration costs in relation to operating capital.

Return on shareholders’ equity

Rolling 12 months’ profit after tax in relation to average shareholders’ equity.

Cash conversion

Cash flow from operations in relation to EBITDA.


Operating profit.


Operating profit before amortization and write-down of intangible assets.

Adjusted EBITA

EBITA with add-back of acquisition, restructuring and integration costs.

EBITA margin

EBITA in relation to net sales.

Adjusted EBITA margin

Adjusted EBITA in relation to net sales.


Operating profit before amortization, depreciation and write-down.

Adjusted EBITDA

EBITDA with add-back of acquisition, restructuring and integration costs.

EBITDA margin

EBITDA in relation to net sales.

Adjusted EBITDA margin

Adjusted EBITDA in relation to net sales.

Net debt/equity ratio

Interest-bearing net debt in relation to shareholders’ equity.

Organic change

A financial change adjusted for currency fluctuations, acquisitions and divestments.

Earnings per share

Profit for the period attributable to Parent Company shareholders in relation to average number of shares.

Interest-coverage ratio

Profit after financial items plus interest expenses and add-back of exceptional items in relation to interest expenses. Calculated based on rolling twelve-month data.

Operating expenses

Selling expenses, administrative expenses and research and development costs.

Operating margin

Operating profit in relation to net sales.

Equity/assets ratio

Shareholders’ equity in relation to total assets.

Medical terms

Blood clot

Blood clots are formed when the blood coagulates, forming a clot that can block blood vessels and make it difficult for the blood to flow.

Compression therapy

Treatment technique which means that one uses outer pressure with a certain frequency and for a certain period of time to treat and prevent venous leg ulcers.

Deep vein thrombosis (DVT)

Formation of a blood clot in a deep leg vein.


Swelling due to accumulation of fluid in tissues.


A science concerned with designing the job to fit the worker to prevent illness and accidents.

EU Medical Device Regulation (MDR)

Regulations created by the EU to ensure better protection for the public health and patient safety by establishing modernized and more robust EU legislation. All medical device manufacturers and distributors must comply with these new regulations that will come into force in May 2020.

IPC (intermittent pneumatic compression)

IPC is an established method for preventing VTE. Actively compressing the calf muscles, for example, imitates the pumping mechanism that normally occurs when walking or running, which increases blood flow and prevents blood clots from forming in the immobile patient.


Preventive activity/treatment.

Pressure injuries

Sores that occur when blood flow to the skin is reduced by external pressure. Most common in patients with reduced mobility.

US Food and Drug Administration (FDA)

The US authority responsible for protecting the public health by carrying out regular inspections of, among other things, medical devices.

Venous leg ulcers

A wound on the lower leg, caused by insufficiency of the veins, that has not healed and is not expected to heal within six weeks.


The abbreviation VTE standards for venous thromboembolism – a blood clot in the veins.