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) | 2022 Jan-Mar | 2021 Jan-Mar | 2021 Full-year | Rolling 12 months | |
| (MSEK) | 2022 jan-mar | 2021 jan-mar | 2021 helår | Rullande 12 mån | |
| Operating result | Rörelseresultat | 184 | 86 | 621 | 719 |
| Reversal of inventory gains (-)/losses (+) | Återläggning lagervinster (-)/förluster (+) | -4 | -18 | -92 | -78 |
| Adjustment for items affecting comparability | Justering för jämförelsestörande poster | – | – | – | – |
| Group | Koncernen | 180 | 68 | 529 | 641 |
Working capital
| (SEK M) | 2022 Mar 31 | 2021 Mar 31 | 2021 Dec 31 | |
| (MSEK) | 2022 31 mar | 2021 31 mar | 2021 31 dec | |
| Inventories | Varulager | 1,026 | 534 | 1,033 |
| Accounts receivable | Kundfordringar | 1,102 | 615 | 653 |
| Other receivables | Övriga rörelsefordringar | 23 | 37 | 39 |
| Deduction accounts payable | Avdrag leverantörsskulder | -893 | -598 | -641 |
| Deduction other current liabilities | Avdrag övriga kortfristiga skulder | -338 | -212 | -229 |
| Rounding | Avrundning | – | – | 1 |
| Group | Koncernen | 920 | 376 | 856 |
Average working capital is an average for each period based on quarterly data.
Net debt excl. IFRS 16
| (SEK M) | 2022 Mar 31 | 2021 Mar 31 | 2021 Dec 31 | |
| (MSEK) | 2022 31 mar | 2021 31 mar | 2021 31 dec | |
| Non-current interest-bearing liabilities and leasing liabilities | Långfristiga räntebärande skulder och leasingskulder | 651 | 844 | 681 |
| Current interest-bearing liabilities and leasing liabilities | Kortfristiga räntebärande skulder och leasingskulder | 96 | 91 | 95 |
| Deduction leasing liabilities | Avdrag leasingskulder | -469 | -519 | -481 |
| Deduction financial assets | Avdrag finansiella anläggningstillgångar | 0 | 0 | 0 |
| Deduction cash and equivalents | Avdrag likvida medel | -119 | -292 | -54 |
| Rounding | Avrundning | – | – | – |
| Group | Koncernen | 159 | 124 | 241 |
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) | 2022 Mar 31 | 2021 Mar 31 | 2021 Dec 31 | |
| (MSEK) | 2022 31 mar | 2021 31 mar | 2021 31 dec | |
| Equity excl. IFRS 16 | Eget kapital exkl. IFRS 16 | 1,576 | 986 | 1,420 |
| Non-current interest-bearing liabilities and leasing liabilities | Långfristiga räntebärande skulder och leasingskulder | 651 | 844 | 681 |
| Current interest-bearing liabilities and leasing liabilities | Kortfristiga räntebärande skulder och leasingskulder | 96 | 91 | 95 |
| Deduction leasing liabilities | Avdrag leasingskulder | -469 | -519 | -481 |
| Rounding | Avrundning | – | 1 | 1 |
| Group | Koncernen | 1,854 | 1,403 | 1,716 |
Average capital employed excl. IFRS 16 is an average for each period based on quarterly data.