Alternative performance measures to be used in Asiakastieto Group's financial reporting
(Thomson Reuters ONE) -
ASIAKASTIETO GROUP PLC, STOCK EXCHANGE RELEASE 21 JUNE 2016, 2.00 P.M. EEST
Alternative performance measures to be used in Asiakastieto Group's financial
reporting
The new guidelines of the European Securities and Markets Authority, ESMA for
alternative performance measures(1) become effective for the financial year
2016. In accordance with this, Asiakastieto Group Plc publishes the explanation
of the use of alternative performance measures used by the company, definitions
of the performance measures used and reconciliation with the IFRS financial
statement.
Asiakastieto Group Plc discloses alternative performance measures to depict the
financial development of its business operations and to improve comparability
between different periods. Alternative measures should not be considered
replacing indicators compared to the performance measures defined in the IFRS
financial statements norms.
Alternative performance measures i.e. performance measures not based on
financial statements standards provide meaningful supplemental information to
management and investors, security analysts and other interested parties
regarding the Company by excluding items that may not be indicative of the
operating result or cash flows of the Group. EBITDA, adjusted EBITDA, adjusted
EBIT, return on equity, return on capital employed and gross investments are
presented as alternative performance measures as the Company believes they
enhance an understanding of the Group's operating performance and are frequently
used by securities analysts, investors and other interested parties.
Free cash flow and cash conversion are presented as alternative performance
measures as the Company believes they provide a good representation of the
operational cash flow needs of the Group and are frequently used by securities
analysts, investors and other interested parties.
Net debt, net debt to adjusted EBITDA, equity ratio and gearing are presented as
alternative performance measures as the Company believes they are useful
indicators of the Group's ability to obtain financing and service its debts and
are frequently used by securities analysts, investors and other interested
parties.
Certain business transactions, which are not part of the actual business
operations or asset impairments, which do not have an impact on the cash flow,
but which do have a significant impact on the profit and loss statement of the
period, have been adjusted as items impacting the comparability, if they are
caused by:
- profit from the sale of office premises as non-recurring transaction
- negotiated redundancy payments not part of the operative cost structure
- compensations for damages as non-recurring transactions
- legal proceedings as non-recurring transactions
- management fees omitted permanently from the Group's cost structure
- the Company's listing as non-recurring transaction
- discount for the personnel in the personnel offering in connection with the
listing as non-recurring transaction
(1) Alternative measures refer to a financial measures, which is some other than
the financial measure defined or titled in the IFRS norms.
ASIAKASTIETO GROUP PLC
Additional information:
Terhi Kauppi
CFO
tel. +358 10 270 7017
Distribution:
Nasdaq Helsinki Ltd
major media
investors.asiakastieto.fi
Asiakastieto Group is one of the leading providers of business and consumer
information services in Finland. The Group's products and services are primarily
used for risk management, finance and administration, decision-making and sales
and marketing purposes. The Group has approximately 13 000 contract customers
and it serves several industries, the largest ones including finance and
banking, wholesale and retail sectors and expert services. In 2015, the Group's
net sales totaled 43,7 million euros and at the end of 2015, the Group employed
152 people. Asiakastieto Group is listed on Nasdaq Helsinki under symbol ATG1V.
For more information about Asiakastieto Group, please visit www.asiakastieto.fi.
Asiakastieto Group_alternative performance measures_210616:
http://hugin.info/167529/R/2022051/751274.pdf
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Source: Asiakastieto Group Oyj via GlobeNewswire
[HUG#2022051]
Unternehmensinformation / Kurzprofil:
Datum: 21.06.2016 - 13:00 Uhr
Sprache: Deutsch
News-ID 479116
Anzahl Zeichen: 5163
contact information:
Town:
Helsinki
Kategorie:
Business News
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