Alternative performance measures
The Group uses a number of alternative performance measures in its report. The alternative performance measures that BE Group considers significant are the following:
Underlying operating result (uEBIT)
| (SEK M) | 2019 Jan-Mar | 2018 Jan-Mar | 2018 Full-year | Rolling 12 months | |
| (MSEK) | 2019 jan-mar | 2018 jan-mar | 2018 helår | Rullande 12 mån | |
| Operating result | Rörelseresultat | 34 | 55 | 132 | 111 |
| Reversal of inventory gains (-)/losses (+) | Återläggning lagervinster (-)/förluster (+) | 6 | -7 | -27 | -14 |
| Adjustment for items affecting comparability | Justering för jämförelsestörande poster | – | – | 12 | 12 |
| Group | Koncernen | 40 | 48 | 117 | 109 |
Working capital
| (SEK M) | 2019 Jan-Mar | 2018 Jan-Mar | 2018 Dec 31 | |
| (MSEK) | 2019 jan-mar | 2018 jan-mar | 2018 31 dec | |
| Inventories | Varulager | 657 | 682 | 651 |
| Accounts receivable | Kundfordringar | 624 | 664 | 470 |
| Other receivables | Övriga rörelsefordringar | 43 | 45 | 63 |
| Deduction accounts payable | Avdrag leverantörsskulder | -586 | -660 | -468 |
| Deduction other current liabilities | Avdrag övriga kortfristiga skulder | -172 | -177 | -145 |
| Rounding | Avrundning | 2 | – | 1 |
| Group | Koncernen | 568 | 554 | 572 |
Average working capital is an average for each period based on quarterly data.
Net debt excl. IFRS 16
| (SEK M) | 2019 Jan-Mar | 2018 Jan-Mar | 2018 Dec 31 | |
| (MSEK) | 2019 jan-mar | 2018 jan-mar | 2018 31 dec | |
| Non-current interest-bearing liabilities and leasing liabilities | Långfristiga räntebärande skulder och leasingskulder | 1,006 | 537 | 543 |
| Current interest-bearing liabilities and leasing liabilities | Kortfristiga räntebärande skulder och leasingskulder | 95 | 5 | 5 |
| Deduction leasing liabilities | Avdrag leasingskulder | -546 | – | – |
| Deduction financial assets | Avdrag finansiella anläggningstillgångar | 0 | 0 | 0 |
| Deduction cash and equivalents | Avdrag likvida medel | -137 | -39 | -108 |
| Rounding | Avrundning | – | 1 | – |
| Group | Koncernen | 418 | 504 | 440 |
Net debt/equity ratio excl. IFRS 16 is calculated as net debt excl. IFRS 16 divided by Equity.
Capital employed excl. IFRS 16
| (SEK M) | 2019 Jan-Mar | 2018 Jan-Mar | 2018 Dec 31 | |
| (MSEK) | 2019 jan-mar | 2018 jan-mar | 2018 31 dec | |
| Equity | Eget kapital | 922 | 852 | 892 |
| Non-current interest-bearing liabilities and leasing liabilities | Långfristiga räntebärande skulder och leasingskulder | 1,006 | 537 | 543 |
| Current interest-bearing liabilities and leasing liabilities | Kortfristiga räntebärande skulder och leasingskulder | 95 | 5 | 5 |
| Deduction leasing liabilities | Avdrag leasingskulder | -546 | – | – |
| Rounding | Avrundning | – | 1 | – |
| Group | Koncernen | 1,477 | 1,395 | 1,440 |
Average capital employed excl. IFRS 16 is an average for each period based on quarterly data.