• Acquisition

        Takeover or purchase of companies or of interests in companies.

      • Asset deal

        Company takeover, where the buyer purchases individual assets (rather than shares).

      • ATX

        “Austrian Traded Index,” the leading index of the Vienna Stock Exchange, which contains the 20 most important stocks in the prime market segment.


      • Capital employed

        Total employed interest-bearing capital.

      • Cash flow

        • From investing activities: outflow/inflow of liquid assets from investments/disinvestments;
        • From operating activities: outflow/inflow of liquid assets not affected by investment, disinvestment, or financing activities.
        • From financing activities: outflow/inflow of liquid assets from capital expenditures and capital contributions.


      • EBIT (earnings before interest and taxes)

        Profit before the deduction of taxes, non-controlling interests, and financial result.

      • EBIT margin

        EBIT as a percentage of revenue.

      • EBITDA (earnings before interest, taxes, depreciation, and amortization)

        Profit before the deduction of taxes, non-controlling interests, financial result, and depreciation and amortization expenses.

      • EBITDA margin

        EBITDA as a percentage of revenue.

      • Equity ratio

        Equity divided by total assets.

      • Equity

        Assets made available to a corporation by the owners through deposits and/or contributions or from retained profits.


      • Free float

        The portion of the share capital that is actively traded on the stock exchange.

      • Full-time equivalent (FTE)

        A full-time employee corresponds to a full-time equivalent of one, part-time employees are taken into account on a pro-rata basis corresponding to their working hours.


      • Gearing

        Ratio of net financial debt to equity.

      • Gross profit

        Revenue less cost of sales.


      • IFRS (International Financial Reporting Standards)

        Accounting regulations developed to guarantee comparable accounting and disclosure.


      • Market capitalization

        Market capitalization reflects the current market price of an exchange-listed company.


      • Net financial debt

        Interest-bearing liabilities less interest-earning assets.


      • Rating

        An evaluation of the credit quality of a company recognized on international capital markets.

      • Return on equity

        ROE is the ratio of profit for the period to equity as recorded in the previous period.

      • ROCE (return on capital employed)

        ROCE is the ratio of EBIT to average capital employed, that is, profit generated by the capital invested.


      • Volatility

        The degree of fluctuation in stock prices and currency exchange rates or in prices of consumer goods in comparison to the market.


      • Weighted average cost of capital (WACC)

        Average capital costs for both borrowed capital and equity.