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) | 2021 Apr-Jun | 2020 Apr-Jun | 2021 Jan-Jun | 2020 Jan-Jun | 2020 Full-year | Rolling 12 months | |
| (MSEK) | 2021 apr-jun | 2020 apr-jun | 2021 jan-jun | 2020 jan-jun | 2020 helår | Rullande 12 mån | |
| Operating result | Rörelseresultat | 158 | 21 | 244 | 17 | 39 | 266 |
| Reversal of inventory gains (-)/losses (+) | Återläggning lagervinster (-)/förluster (+) | -25 | 2 | -43 | 13 | 17 | -39 |
| Adjustment for items affecting comparability | Justering för jämförelsestörande poster | – | 5 | – | 40 | 40 | – |
| Group | Koncernen | 133 | 28 | 201 | 70 | 96 | 227 |
Working capital
| (SEK M) | 2021 Jun 30 | 2020 Jun 30 | 2020 Dec 31 | |
| (MSEK) | 2021 30 jun | 2020 30 jun | 2020 31 dec | |
| Inventories | Varulager | 559 | 556 | 501 |
| Accounts receivable | Kundfordringar | 755 | 432 | 376 |
| Other receivables | Övriga rörelsefordringar | 34 | 33 | 42 |
| Deduction accounts payable | Avdrag leverantörsskulder | -669 | -385 | -414 |
| Deduction other current liabilities | Avdrag övriga kortfristiga skulder | -244 | -180 | -162 |
| Rounding | Avrundning | -1 | -1 | – |
| Group | Koncernen | 434 | 455 | 343 |
Average working capital is an average for each period based on quarterly data.
Net debt excl. IFRS 16
| (SEK M) | 2021 Jun 30 | 2020 Jun 30 | 2020 Dec 31 | |
| (MSEK) | 2021 30 jun | 2020 30 jun | 2020 31 dec | |
| Non-current interest-bearing liabilities and leasing liabilities | Långfristiga räntebärande skulder och leasingskulder | 684 | 733 | 778 |
| Current interest-bearing liabilities and leasing liabilities | Kortfristiga räntebärande skulder och leasingskulder | 96 | 93 | 85 |
| Deduction leasing liabilities | Avdrag leasingskulder | -514 | -546 | -541 |
| Deduction financial assets | Avdrag finansiella anläggningstillgångar | 0 | 0 | 0 |
| Deduction cash and equivalents | Avdrag likvida medel | -190 | -26 | -166 |
| Rounding | Avrundning | -1 | – | – |
| Group | Koncernen | 75 | 254 | 156 |
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) | 2021 Jun 30 | 2020 Jun 30 | 2020 Dec 31 | |
| (MSEK) | 2021 30 jun | 2020 30 jun | 2020 31 dec | |
| Equity excl. IFRS 16 | Eget kapital exkl. IFRS 16 | 1,107 | 926 | 912 |
| Non-current interest-bearing liabilities and leasing liabilities | Långfristiga räntebärande skulder och leasingskulder | 684 | 733 | 778 |
| Current interest-bearing liabilities and leasing liabilities | Kortfristiga räntebärande skulder och leasingskulder | 96 | 93 | 85 |
| Deduction leasing liabilities | Avdrag leasingskulder | -514 | -546 | -541 |
| Rounding | Avrundning | -1 | – | – |
| Group | Koncernen | 1,372 | 1,206 | 1,234 |
Average capital employed excl. IFRS 16 is an average for each period based on quarterly data.