GLOSSARY AND DEFINITIONS

Added value

Operating income less cost of work subcontracted and other external expenses

BIM

Building Information Modelling

CEO

Chief Executive Officer

CFO

Chief Financial Officer

CSR

Corporate Social Responsibility; the responsibility of a company towards society, the environment and the economy

Earnings per share

Net result / Number of ordinary shares issued

EBITA recurring

EBITA excluding non-operational items

EBITA margin

EBITA recurring / Operating income

Executive Board

Highest executive body for the daily management of the company

Free cash flow

Cash flow from operating and investing activities

GCO

Group Compliance Officer

GRI

The Global Reporting Initiative, an organisation that publishes international guidelines for CSR reporting

HRM

Human Resources Management

Integrated Report (IR)

Annual report format that integrates general, financial, environmental, and social performance

Net Turnover

Amounts invoiced to clients (excluding VAT), excluding invoiced in advance

Net working capital

Current assets less current liabilities (excluding cash and cash equivalents less amounts owed to credit institutions)

Operating income

Net turnover adjusted for change in work in progress, excluding other operating income

QHSE

Quality, Health, Safety and Environment