Apptivator

An app that gives sales colleagues access to the latest product-related documents such as data sheets and catalogs and sends them directly to customers digitally.

Associated company

An associate is an entity in which significant influence over operating and financial policies can be exercised and which is not a subsidiary, joint venture or joint management. As a rule, an equity interest of 20% or more is held. These companies are accounted for using the equity method.

Audit

Systematic review and evaluation of processes for monitoring and controlling standards

Batch production

Production of products in predefined groups or sets

Benchmark

Measure used to compare the performance, return or quality of a company

BIM

Building Information Modeling (BIM) is a holistic process for creating and managing information for a building object. 

Biomass balance method

Approach in which fossil fuels are replaced by renewable raw materials and allocated to the end products mathematically

Black-Scholes model

Financial mathematical model for the valuation of financial options

Blue Angel

Ecolabel, which recognizes particularly environmentally friendly products and services

BMWK

Federal Ministry of Economics and Climate Protection of the Federal Republic of Germany.

BNB

Assessment system for sustainable building of the federal government

Bond

A bond is a debt security that securitizes the repayment of the nominal value after a fixed term as well as a fixed or variable interest rate by the issuer.

Bridge finance

Temporary pre-financing or interim financing

CAD

Computer-aided design (CAD) is a computer-aided technology that is used in the creation, modeling, analysis and presentation of products. 

Capacity utilization

Ratio of actual production volume to maximum possible total capacity.

CapEx

Abbreviation for Capital Expenditure and corresponds to the investment expenditure of a company

Carbon footprint

Total amount of greenhouse gas emissions caused by a company, a private individual, an event, a product or a service over a certain period of time.

Cash equivalents

Financial instruments that can be converted into cash quickly and promptly

Cash flow

Key figure for assessing the financial and earnings power of a company, determined in the cash flow statement.

CCF

A Corporate Carbon Footprint (CCF) balances the company's own greenhouse gas emissions as well as all relevant greenhouse gas emissions caused along the value chain of a company.

CLP Regulation

Regulates the classification and labeling of hazardous substances and mixtures

Commercial register

The commercial register is a public register kept by the respective local court in which all relevant key economic data of a company must be maintained. 

Compliance

Compliance is an important element of corporate governance. This refers to the observance of laws and compliance guidelines as well as voluntary codes within the company. The compliance guidelines contain the fundamental and binding rules for conduct within the Uzin Utz Group as well as towards business partners, shareholders and the general public.

Consolidated companies

The group of subsidiaries that are included in the consolidated financial statements to be prepared by the parent company in the form of consolidation. 

Consolidation

A consolidated financial statement is prepared from the individual financial statements of all subsidiaries included in the scope of consolidation, which shows the financial, earnings and asset situation of the Group as if it were a single entity. The financial statements of the Uzin Utz Group are prepared using uniform accounting policies.

Corporate Carbon Footprint

A Corporate Carbon Footprint (CCF) balances the company's own greenhouse gas emissions as well as all relevant greenhouse gas emissions caused along the value chain of a company.

Corporate Governance

Principles and guidelines for responsible corporate governance for the benefit of all relevant stakeholders

Corporate Sustainability Reporting Directive

The Corporate Sustainability Reporting Directive (CSRD) is a European Union directive on corporate sustainability reporting

Cryptocurrencies

Cryptocurrencies are digital currencies such as Bitcoin, Ethereum, Bitcoin Cash and Ripple.

CSR Directive Implementation Act

The Corporate Social Responsibility Directive Implementation Act (CSR Directive Implementation Act) is the German implementation of the European Non-Financial Reporting Directive (NRFD). It specifies which companies are obliged to report on sustainability and what content this should contain.

CSRD

The Corporate Sustainability Reporting Directive (CSRD) is a European Union directive on corporate sustainability reporting

DAX

DAX is the abbreviation for the German share index. It is the most important German stock index and tracks the performance of the 40 largest and most liquid companies on the German stock market.

Deferred taxes

Tax charges or income resulting from temporary differences between commercial and tax valuations

Depreciation

Recognition and offsetting of reductions in the value of fixed and current assets

DGNB

German Sustainable Building Council

Discount rate

Interest rate at which future payments are discounted to a key date in order to calculate the fair value

Distribution logistics

Link between a company's production and sales, comprising all storage, handling and transportation processes of goods from production to the customer.

Dividend yield on closing price basis

Ratio of dividend per share to closing price for the year

DNSH principle

DNSH is the abbreviation for "Do No Significant Harm." According to the EU Taxonomy Regulation, an economic activity is considered to be taxonomy-compliant if it makes a significant contribution to at least one of the six environmental objectives (climate protection, adaptation to climate change, sustainable use and protection of water and marine resources, transition to a circular economy, prevention and reduction of pollution, and protection and restoration of biodiversity and ecosystems) without significantly compromising another environmental objective ("Do No Significant Harm").

Dow Jones

The Dow Jones Average Index (DJII) is the best-known stock market index in the world. It illustrates the performance of the 30 most important shares on the US stock exchange.

Earnings per share

Ratio of total earnings to the number of shares issued during the period.

EBIT

Abbreviation for Earnings Before Interest and Taxes.

EBIT margin

Ratio of earnings before interest and taxes to sales revenue

EBT

Abbreviation for Earnings Before Taxes.

ECB

The European Central Bank (ECB) is located in Frankfurt am Main, Germany, and is the central bank of the 20 member states of the European Union that have adopted the euro.

ECHA

The European Chemicals Agency (ECHA) is responsible for implementing legislation on chemicals within the EU.

Ecological footprint

The ecological footprint refers to the biologically productive area on earth that is required to sustain a person's lifestyle and standard of living (under today's production conditions). This makes the ecological footprint an indicator of sustainability.

EMICODE

Eco-label for the classification of low-emission installation materials and building products

Enterprise Resource Planning

Enterprise Resource Planning (ERP) is a software system. It digitally maps all of a company's business processes and consolidates them in a central database. This automation enables cross-departmental processes that significantly increase productivity.

Environmental Product Declaration

An Environmental Product Declaration (EPD) is a standardized document that contains information about the environmental impact of a product. It provides detailed data on resource consumption, emissions and other environmental aspects along the entire life cycle of a product. This enables products to be assessed in terms of their environmental impact.

EPD

An Environmental Product Declaration (EPD) is a standardized document that contains information about the environmental impact of a product. It provides detailed data on resource consumption, emissions and other environmental aspects along the entire life cycle of a product. This enables products to be assessed in terms of their environmental impact.

Equity method/at equity

The equity method is a method of accounting for investments in joint ventures and associates. Based on the acquisition cost of the investment at the time of acquisition, the carrying amount of the investment is adjusted on an ongoing basis to reflect changes in the equity of the company in which the investment is held.

Equity ratio

Ratio of balance sheet equity to total assets.

ERP

Enterprise Resource Planning (ERP) is a software system. It digitally maps all of a company's business processes and consolidates them in a central database. This automation enables cross-departmental processes that significantly increase productivity. 

EU Taxonomy

The EU Taxonomy is a component of the "Action Plan for Financing Sustainable Growth" presented in March 2018. The EU Taxonomy Regulation is a classification system that aims to create a common understanding of the sustainability of economic activities in the EU, as well as to channel financial flows towards sustainable activities.

EUROCONSTRUCT

EUROCONSTRUCT is an independent network founded in 1974 that produces forecasts for the construction industry. The EUROCONSTRUCT network is made up of partner institutes in 19 European countries that specialise in the construction industry and have expertise in the national markets. The partner institutes come from Austria, Belgium, the Czech Republic, Denmark, Finland, France, Germany, Hungary, Ireland, Italy, the Netherlands, Norway, Poland, Portugal, Slovakia, Spain, Sweden, Switzerland and the United Kingdom.

EUROCONSTRUCT's forecasts are revised twice a year and presented at a summer conference and a winter conference.

European Chemicals Agency

The European Chemicals Agency (ECHA) is responsible for implementing legislation on chemicals within the EU.

Fair value

Refers to the measurement of an asset or liability at its actual fair value

FiFo procedure

Abbreviation for the "first-in, first-out" method, which means that the goods that enter a warehouse first (first-in) also leave the warehouse first (first-out).

Forecast

Forecasting is used to monitor and support the achievement of short and medium-term targets. The aim is to recognise deviations from planning at an early stage and define countermeasures.

Full-time-equivalent

One full-time equivalent (FTE) corresponds to the working hours of a full-time employee.

Functional currency (IAS 21)

According to IAS21.8, the functional currency is defined as the "currency of the primary economic environment in which the group company operates". As a rule, the primary economic environment is the environment in which the company primarily generates and expends cash. For Uzin Utz, the functional currency is the euro.

GDP

Gross domestic product (GDP) is an important indicator of a country's economy and growth, showing the total economic output produced in a given period.

Goodwill

The purchase price of a company less the assets less the liabilities. The excess of the cost of the investment over the Group's share of the net fair value of the identifiable assets, liabilities and contingent liabilities is recognized as goodwill.

Governance

Refers to the way in which organizations, companies or government units are managed, controlled and monitored through processes, structures and guidelines

Green Deal

The European Green Deal is a package of political initiatives designed to bring about a green transition in the EU. The overarching goal is to reduce net greenhouse gas emissions in the EU to zero by 2050.

Gross book value

Carrying amount before taking impairment into account

Gross receivables

Total amount of receivables that a company has outstanding from customers excluding value adjustments

GWP

The global warming potential (GWP) describes the relative contribution of a substance to global warming of the atmosphere over a certain period of time.

Health care ratio

Ratio of actual working days to target working days.

HGB

Commercial Code (Germany)

IAS

IAS is the abbreviation for International Accounting Standards. These are internationally applicable accounting standards to ensure the international comparability of consolidated financial statements and to achieve greater transparency. Since the reorganization of the International Accounting Standards Board (IASB) in 2001, newly published standards bear the designation "International Financial Reporting Standards (IFRS)". The previous "IAS" standards retain their designation and are successively replaced by new IFRS standards or integrated into existing IFRS standards. 

ICS

ICS is the abbreviation for "Internal Control System". The ICS has been an separate department of Uzin Utz SE since 2022. The department reviews processes and business activities in order to identify possible improvements, which are then implemented with the respective departments.

IFRIC

IFRIC is the abbreviation for "International Financial Reporting Interpretations Committee" and was founded in 2001 as the successor to the SIC. The committee deals with accounting issues and questions where the standard leaves room for interpretation, with the aim of standardising interpretation and accounting.

IFRS

IFRS is the abbreviation for International Financial Reporting Standards. These are internationally applicable accounting standards to ensure the international comparability of consolidated financial statements and to achieve greater transparency. The accounting standards are adopted by the International Accounting Standards Board (IASB).

IMF

The International Monetary Fund (IMF) is a legally, organizationally and financially independent organization of the United Nations based in Washington D.C., USA. The IMF consists of 191 member countries. The IMF's tasks include promoting international monetary cooperation, supporting the expansion of trade and economic growth and preventing measures that are detrimental to prosperity.

Impairment

According to IAS 36, an impairment exists if the carrying amount of an asset exceeds its recoverable amount. The recoverable amount is the higher of an asset's fair value less costs to sell and its value in use. To determine whether an impairment exists, companies are required to perform annual impairment tests for all assets except goodwill.

Innovation management

Systematic planning, management and control of innovations

Investment Property

Real estate held for the purpose of increasing value or generating rental and leasing income

ISIN number

The ISIN (International Securities Identification Number) is a combination of numbers and letters that identifies any security traded on the international stock exchanges.

ISO 14001

ISO 14001 is international standard of the International Organization for Standardization (ISO), which specifies general requirements for an environmental management system (EMS). An operational environmental management system helps to protect the environment and can also save costs, improve employee motivation and lead to a better brand image among customers and partners.

ISO 14040

ISO 14040 is an international standard that provides guidelines for conducting life cycle assessments of products, processes or systems.

ISO 14044

ISO 14044 is a summary of the previous ISO standards 14041 to 14043 and deals with the topic of life cycle assessment.

ISO 26000

Guidelines on the social responsibility of organizations

ISO 9001

ISO 9001 is an International Organization for Standardization (ISO) standard that specifies the minimum requirements in the quality management system (QMS). The implementation of this standard can help a company improve its business performance at all levels.

JuzinIOR

Junior company for trainees at Uzin Utz, which is intended to promote entrepreneurial thinking during training.

LCA

Life cycle assessment (LCA) is a systematic analysis and evaluation of the potential environmental impact of products over their entire life cycle. 

Leasing

A form of financing in which an asset is used in return for regular payments over a certain period of time without the lessee acquiring ownership of the asset.

LEED

Leadership in Energy and Environmental Design.

Liability method

An accounting method used to properly present a company's assets and liabilities and Deferred taxes. Deferred taxes are considered either as liabilities for taxes to be paid in the future (deferred tax liabilities) or as assets for a future tax relief potential (deferred tax assets).

Life cycle assessment

ife cycle assessment (LCA) is a systematic analysis and evaluation of the potential environmental impact of products over their entire life cycle. 

Liquidity

The liquidity of a company shows whether it is able to meet its payment obligations. Cash and cash equivalents include cash on hand (cash balances, bank balances) and cash equivalents (e.g. checks) as well as securities and investment fund units, which are recognized as current assets.

Liquidity management

Planning, management and control of all cash flows that leave or flow into a company.

MAM

Media Asset Management

Management-defined Performance Measures

The management-defined performance measures (MPMs) are specific company-specific performance indicators. 

Marginal interest rate

Interest rate that a lessee would have to pay if it were to borrow the funds it would need in a similar economic environment for an asset with a comparable right-of-use asset for a comparable term with comparable security (IFRS 16, Appendix A) 

Market capitalization

The market value of a listed company, which is calculated by multiplying the share price by the number of shares issued. 

Market share

Percentage share of a company in total sales or in the total volume of the market

Material usage ratio

Ratio of cost of materials to total output

MDAX

The Mid-Cap-DAX (MDAX) is part of the DAX index family. It includes 50 medium-sized companies - mainly from traditional industrial sectors such as mechanical/plant engineering and chemicals.

NACE codes

NACE is the abbreviation for Nomenclature Générale des Activités Économiques and is a statistical classification of economic activities in the European Union.

Nasdaq Composite

The Nasdaq Composite is the largest stock index on the NASDAQ (National Association of Securities Dealers Automated Quotations) exchange. NASDAQ is the largest computer exchange in the USA, located in New York.

Net dept / EBITDA ratio

The net debt / EBITDA ratio is the ratio of net debt to EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization). It indicates how many years it will take the company to repay its current net debt with the earnings generated. Net debt is calculated as current and non-current financial liabilities less cash and cash equivalents.

Net profit

Profit of a company after deduction of all expenses, taxes and interest within a financial year

Nominal value

The nominal or fixed value of a financial instrument, such as a share, as stated on the security

Novelty ratio

Ratio of sales of own products less than five years old to total sales of own products.

Number of employees

The number of employees in the Uzin Utz Group is determined taking into account part-time employees on a pro-rata basis (full-time equivalent).

OECD

The Organization for Economic Co-operation and Development (OECD) is an organization based in Paris and comprises 38 member countries. Together they tackle the economic, social and environmental challenges of globalization. As an international standard setter, it publishes comparative analyses and studies. 

OpEx

OpEx is the abbreviation for “Operating Expenditure” and shows the operating expenses of a company. Under the EU taxonomy, OpEx is defined as a proportion of operating expenditure, i.e. the direct, non-capitalized costs of research and development, building refurbishment, maintenance and repair, short-term rental and all other direct expenses for the ongoing maintenance of tangible fixed assets that are necessary to ensure the ongoing efficient operation of the tangible fixed assets. If the criteria defined in the EU taxonomy are met, these are green OpEx. 

Ordinary shares

Type of share that grants the shareholder asset and voting rights 

Partial goodwill method

Assets and liabilities of a newly acquired company are completely revalued irrespective of the share of the controlling acquirer. The revaluation is carried out without taking goodwill into account. This is capitalized as part of the capital consolidation.

PCR

Post-consumer recyclate (PCR) refers to materials recovered from products that have already been used and disposed of by consumers.

PIM

Product Information Management

PIR

Post-industrial recyclate (PIR) refers to materials that originate from industrial production processes and are recycled.

Planetary dissolver

Industrial mixing device used for mixing products

Post-consumer recyclate

Post-consumer recyclate (PCR) refers to materials recovered from products that have already been used and disposed of by consumers.

Post-industrial recyclate

Post-industrial recyclate (PIR) refers to materials that originate from industrial production processes and are recycled.

Price/earnings ratio

Indicates the ratio of a stock corporation's profit to its current stock market valuation

Profit of the year

Profit of a company after deduction of all expenses, taxes and interest within a financial year

Prohibition of capitalization

Prohibition of recognising certain costs as assets

Project management

Deals with the implementation of projects, i.e. the application of methods, techniques, tools and skills for a project in order to achieve objectives.

Purchase method

Method for the recognition and presentation of business combinations in the balance sheet, which stipulates that acquired assets and assumed liabilities are recognized at their fair value at the acquisition date

Quako

Cross-site intranet based on Confluence

R&D

Abbreviation for research and development

Renewable raw materials

Organic raw materials from agriculture, forestry or fisheries for use outside the food and feed sector

Return on equity

Ratio of EBIT to equity

Return on sales

Ratio of EBIT to sales

RICS

The Royal Institution of Chartered Surveyors (RICS) is a global professional organization that sets and enforces standards for the valuation, operation and development of various types of property and land.

Risk map

Visualised representation of corporate risks, which forms a basis for prioritisation and corresponding derivation of risk management measures

Scope 1 emissions

Direct emissions from company-controlled sources

Scope 2 emissions

Indirect emissions from purchased energy

Scope 3 emissions

Indirect emissions along the upstream and downstream value chain

Scope of consolidation

The scope of consolidation is defined as the group of subsidiaries which are included in the consolidated financial statements to be prepared by the parent company in the form of consolidation.

SDAX

The Small-Cap-DAX (SDAX) is part of the DAX index family. It includes 70 smaller companies (so-called small caps).

SE

The European Company - from the Latin Societas Europaea - is a legal form for stock corporations that enables business activities to be conducted in various European countries with a uniform set of rules.

Shareholder value

Market value of equity

Simplified approach

Simplified approach means simplified approach.
Under IFRS 9, entities are permitted to apply a simplified approach to the recognition of expected impairment losses on trade receivables based on the remaining term to maturity.

Statement of comprehensive income

Consolidated comparison of realized income and expenses within a financial year, which corresponds to the income statement. 

Sub-index

This index represents the price development of a part of a larger share index.

Taxonomy alignment

Taxonomy-compliant economic activities demonstrably make a significant contribution to one of the environmental objectives of the EU taxonomy without significantly harming another environmental objective ("Do No Significant Harm"). In addition, minimum social standards are complied with.

Taxonomy compliance

This is a term from the EU taxonomy. Taxonomy-compliant economic activities demonstrably make a significant contribution to one of the environmental goals of the EU taxonomy without significantly impairing another environmental goal ("Do No Significant Harm"). In addition, minimum social standards are complied with.

Taxonomy eligibility

In the context of the EU taxonomy, taxonomy-eligible economic activities are generally capable of making a significant contribution to one of the environmental objectives of the EU taxonomy.

TecDAX

The TecDAX belongs to the Prime Standard of the German technology indices and is part of the DAX index family. The TecDAX includes the 30 largest technology companies in terms of market capitalization.

Total cost method

The total cost method is a form of presentation of the income statement by expense type. In addition to income and expenses, own work capitalized and changes in inventories are also listed.

TÜV

The TÜV (Technical Inspection Association) carries out technical inspections and certifications to ensure safety.

Value added

Company performance (sales revenue, other income, changes in inventories) less cost of materials, depreciation and amortization and other operating expenses

Value chain

Sequence of refinement steps in the production process, starting with the raw materials through various intermediate stages such as transportation and production to the finished end product

VOC emissions

Volatile organic compound emissions (VOC emissions) are volatile substances of organic origin in the air.

Volatility

Intensity of price fluctuations of shares and foreign exchange or price changes of bulk goods

Weighted average cost of capital (WACC)

The weighted average cost of capital (WACC) is based on the weighted average cost of equity and debt capital (weighted average cost of capital).

Whistleblower system

Serves as a central point of contact for a company's employees, business partners, customers and other stakeholders to anonymously report misconduct. 

WIN Charta

The WIN Charta was developed as an instrument for sustainably operating small and medium-sized enterprises in the state of Baden-Württemberg. It honors companies for their economic, ecological and social responsibility.

WKN

Each security is assigned a twelve-digit security identification number. The WKN has been replaced by the international securities identification number ISIN.

WpHG

Securities Trading Act (Germany)