Swiss Steel improves margin | the company’s industry

depreciation

Consideration for the technical and economic reduction of the value of assets in the balance sheet by reduction of the book value expensed in the accounts or – in special cases – for equity.

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share

Security representing a share in the capital of a public company. It secures the owner of membership rights (voting rights and voting rights at the general meeting) and property rights (right to share in profits, share in capital increases or in the liquidation result).

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amortization

Installments on a debt in installments. There is therefore talk of amortization bonds or amortization pledges when periodic repayments are made.

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Manager

Anglo-Saxon acronym for Chief Executive Officer, Chief Financial Officer, Chief Investment Officer and Chief Operating Officer, who together form the Executive Board.

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cash flow

Usually generated cash flows from a business operating activities. Extraordinary expenses and income should be excluded from the cash flow calculation, as should extreme changes in the formation or release of hidden reserves.

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EBIT

EBIT (Earnings before Interest and Taxes): Earnings before interest and tax. Ebit: Ebit before goodwill amortization. Ebitda (Earnings before Interest, Taxes, Depreciation and Amortization): Operating profit before interest, taxes, depreciation and amortization. These three variants of the operating result show the operating earnings better than the published net result. Without operational reasons, this can vary greatly depending on the accounting standard, the contribution from the financial result (interest as defined above) and the tax burden. Discontinued operations are usually eliminated from operating profit and are included in the net result as a result of discontinued operations. On the other hand, extraordinary restructuring costs or value adjustments are taken into account if they are operational.

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Ebitda

EBIT (Earnings before Interest and Taxes): Earnings before interest and tax. Ebit: Ebit before goodwill amortization. Ebitda (Earnings before Interest, Taxes, Depreciation and Amortization): Operating profit before interest, taxes, depreciation and amortization. These three variants of the operating result show the operating earnings better than the published net result. Without operational reasons, this can vary greatly depending on the accounting standard, the contribution from the financial result (interest as defined above) and the tax burden. Discontinued operations are usually eliminated from operating profit and are included in the net result as a result of discontinued operations. On the other hand, extraordinary restructuring costs or value adjustments are taken into account if they are operational.

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effects

Standardized securities suitable for mass trading, non-certified rights with the same function (non-certified securities) and derivatives. Securities are exchangeable and can be traded on the stock exchange.

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price-earnings ratio

Share price in relation to earned or expected earnings per. dividend-bearing share. The share valuation ratio indicates how many times the earnings per share is included in the share price. P / E can be used to compare different stocks within an industry.

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margin

1. The difference between a bank’s lending and debt interest rates (interest margin). 2. The difference between the offer price and the offer price of a security (bid-spread spread). Cash margin (initial margin, variation margin) in futures or CDF (security margin). 4. Earnings (usually operating) relative to sales (return on sales, RoS).

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performance

1. Development of the price of a security. 2. A portfolio’s performance, usually expressed as a percentage, including distributions (reinvested). Investment policy performance of the management of an investment fund, an investment company, a hedge fund or a pension fund for the purpose of the investment objective.

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risk

In financial market theory, the risk of an investment is measured by the fluctuations in earnings. Theoretically, risk and return are directly related: The higher the risk taken, the greater the return on the corresponding investment must be in the long term (cf. risk management).

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