133

PROFITABILITY AND EQUITY RATIOS At December 31

2017 2016 2015

Return on Average Capital Employed (ROACE) (1) 14.4% 8.8% 7.6%

Net income attributable to the parent company / Average number of shares 2.8 2.2 (3.9)

Net Debt/CCS EBITDA 0.92 1.36 1.65

Net interest-bearing debt (includes internal allowances) / Shareholders' equity(GEARING) 25.5% 31.0% 40.0%

(1) Net income before interest, deducting operating taxes / Adjusted average capital employed not discounting non-profitable investments.

2017 ANNUAL AND CORPORATE RESPONSIBILITY REPORT