Glossary
Artemis Beteiligungen I AG Affiliated company that is controlled by Michael Pieper and has been the main shareholder in Arbonia AG since December 2014.
Cash flow Positive or negative surplus cash arising from commercial activity, measured over a certain period. Cash flow can be used to evaluate how financially strong a company is.
CNC profiling plant CNC machines (Computerized Numerical Control) are machine tools which, through the use of modern control technology, are capable of automatically producing workpieces with high precision even for complex shapes. In this case this technology is used to produce window profiles precisely.
Consolidation The process of combining the individual annual account items of all the companies belonging to a group, in order to form a consolidated financial statement.
Controlled residential ventilation A mechanical form of ventilation, used for ventilating residences with heat recovery. An integrated heat exchanger is used to transfer heat energy from the exhaust air to the outside air supply. Residential ventilation ensures that air is replaced in the building at a defined rate, creating a hygienic means of air exchange.
Door leaf Movable part of a door element that allows or prevents access to rooms. Often simply referred to as a door.
Door rebate A distinction is made between rebated and unrebated doors for interior doors. This refers to the type of edge geometry: With a rebated door, i.e. a door leaf with an L-shaped edge, the door leaf does not lie flush in the frame, but lies lightly on the frame. These doors have the advantage that they cover the gap between the frame and the door leaf and thus close more tightly. There are also blunt or unrebated door leaves. The edge of the door leaf is straight, without rebate; door leaf and frame are on the same level.
Downtrading A deliberate reduction in the level of performance and/or quality of a product, often accompanied by a reduction in price. This is a market strategy that changes products in such a way as to address consumer groups whose income is lower than that of previous target groups.
Dry-Blend Dry-blend refers to a mixture of a plastic powder with additives, plasticizers or other additives.
EBIT Earnings Before Interests and Taxes: a company’s operating results before interest and taxes are taken into account..
EBIT margin Indicates EBIT in relation to revenue.
EBITDA Earnings Before Interests and Taxes, Depreciations and Amortization: a company’s operating results before interest, taxes, depreciation and amortization are taken into account. EBITDA is one of the most meaningful figures in evaluating a company’s earning power
EBITDA margin Indicates EBITDA in relation to revenue.
Equity ratio Indicates the shareholders' equity in relation to total capital. It is used to assess a company's financial capacity and stability. If the equity ratio is high, you can assume that the company is less dependent on third-party funds.
Fan coil Depending on the temperature of the flow water for a connected water heater / chiller, fan coils are able to heat, cool and dehumidify a room, and are able to provide ventilation and the option of filtering indoor air in fan-only operation. This results in maximum comfort with optimum room air quality. A fan radiator is able to heat (but not cool) a room by means of convection when the fan is switched off.
Fitting A functional element for opening and closing a window which acts mechanically via the handle. Window fittings connect the movable part of a window (window sash) with the immovable part (window frame).
Frame Also known as a lining construction, which covers the passageway in the wall and serves to accommodate the door leaf.
Free cash flow The operating cash flow minus cash flow from investing activities; illustrates how much cash remains free for shareholder dividends and/or any repayment of debt financing that may be required.
Free float The portion of the total number of a company’s shares that is not in fixed ownership. Small portions owned by private investors are also included in the free float, even though they are essentially in fixed ownership.
Goodwill In accounting, goodwill represents an intangible asset within the company that arises through the acquisition of other companies or parts of companies in return for payment.
Heat pump Draws its heat energy from the air, groundwater or soil, and uses this extremely efficiently to generate the heat required for heating drinking water and rooms. Compared to heat pumps, no other kind of heat generator is a more environmentally sustainable solution or is more fit for the future.
IAS 16 (International Accounting Standard 16) Governs the accounting for property, plant and equipment of an entity. The assets must be held by the company for the production of products or services, for rental or for administrative purposes. The assets must continue to be used for more than one year.
IFRS 16 (International Financial Reporting Standard 16) IFRS 16 is an accounting standard issued by the International Accounting Standards Board that requires listed companies that prepare their accounts in accordance with IFRS to include in their balance sheets all leases with a term of more than one year.
Installation depth Indicates the thickness of the window frame profile. It depends, among other things, on the number of air chambers in the window frame, but also on the thickness of the glazing that can be inserted into the frame.
Insulating glass / Multi-pane insulating glass (MIG) Also known as insulated glazing or double/triple glazing, is a construction element made up of at least two panes of glass and is used for windows or other glass features. The area between the panes is hollow and sealed against gas and moisture. This helps to keep noise out and heat in.
Laminated safety glass Consists of two or more glass panes joined together with highly tear-resistant, tough-elastic intermediate layers. In the event of mechanical overloading by impact and shock, the glass breaks, but the fragments adhere to the uninjured intermediate layer. This reduces the risk of injury and the glazing retains a residual stability.
Market capitalisation A company's stock market value. It is calculated using the number of shares x the current share price.
Net indebtedness The total that remains when cash and cash equivalents are deducted from non-current liabilities. This indicates how much cash would be available for repaying loans if the cash and cash equivalents were already used up and the company had to liquidate its current assets.
Operating cash flow / Cash flow from operating activities Describes the liquid funds generated by the business activity in a given period. The operating cash flow includes the net income for the year, changes in depreciation, amortization, provisions and current assets.
Pergola entrance door Door that is installed in pergolas (open corridors covered by a roof on residential buildings) as an entrance door and is resistant to weather and other environmental influences.
pro-K Initiative that bundles and represents the interests of manufacturers of semi-finished and consumer products made of vinyl.
RFID (radio-frequency identification) Refers to the technology used by sender-receiver systems to automatically identify and locate objects and living organisms using radio waves, meaning that no contact is required.
Surface heating A catch-all term covering various types of heating and cooling, and denotes a process in which heat is emitted or absorbed via the surfaces of the components in a building.