Calculating of Key Figures

Return on equity -% (ROE)	=	Profit/loss after financial items - income taxes x 100 Shareholders' equity without preferred capital notes + minority interest (quarterly average)

Return on investments -% (ROI)	=	Profit/loss after financial items + interest and other financial expenses x 100 Balance sheet total - interest free liabilities (quarterly average)

Equity ratio, %	=	Shareholders' equity, preferred capital notes excluded + minority interest x 100 Balance sheet total - advances received

Earnings per share, Eur (EPS)	=	Profit/loss after financial items - income taxes +/- minority interest Average number of shares during the financial period

Earnings per share with dilution, Eur	=	As above, the number of shares has been increased with the warrants outstanding. When calculating the dilution effect of warrants, the number of shares has been adjusted with the number of own shares which the company could have acquired, if it would have used the funds generated from the warrants to buy back of own shares at market price (= average trading price). After tax interest expense of the convertible notes has been added to the profit of the period. Number of shares that can be subsricbed by the notes, has been added to the number of total shares.

Average trading price, Eur	=	Trading volume, Eur Number of shares traded during the financial period

Equity per share, Eur	=	Shareholders' equity, preferred capital notes excluded Number of shares at period end

Dividend per share, Eur	=	Dividend Number of shares at period end

Payout ratio, %	=	Dividend x 100 Earnings (as in Earnings per share)

Effective dividend yield, %	=	Dividend per share x 100Market share price at period end

Market capitalization	=	Number of shares x market share price at period end

P/E multiple	=	Market share price at period end Earnings per share

Net interest bearing debt	=	Interest bearing liabilities + preferred capital notes - cash and bank accounts

Net gearing, %	=	Net interest bearing debt x 100 Shareholders' equity, preferred capital notes excluded + minority interest