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Glossary
In the following, you can find explanations of key terms and abbreviations used on our website.
A&D
Aerospace and Defense in general context; Aviation and Defense in context of Test Systems
AG
Aktiengesellschaft
BAFA
Federal Office of Economics and Export Control in Germany
bn
Billion
CAGR
Compound annual growth rate
Capex
Capital expenditure
CEO
Chief executive officer
CFO
Chief financial officer
CI
Continuous improvement
COO
Chief operating officer
D&A
Depreciation and amortization
DoD
Department of Defense
Defense super-cycle
Extended period of growth (“Super-Cycle”) in the defense industry expected by industry experts
E
Estimate
EBIT
Earnings before interest and taxes (operating profit)
EBITDA
Earnings before interest, taxes, depreciation and amortization
ESG
Environmental, social and governance
EUR
Euro
FCF
Free cash flow
FTEs
Full Time Equivalent
FX
Foreign exchange
FY
Fiscal year
GDP
Gross domestic product
HQ
Headquarters
HR
Human resources
IFRS
International financial reporting standard(s) adopted by the European Union
IPO
Initial public offering
k
Thousand
KPIs
Key performance indicators
LTM
Last twelve months
m
Million
M&A
Mergers and acquisitions
M&I
Marine & Industry
MRO
Maintenance, repair, overhaul
New Energy
Includes carbon capture utilization and storage, hydrogen and heat pump applications
NI
Net income
NWC
Net working capital
O&G
Oil & gas
O&M
Operation and maintenance
OCI
Other comprehensive income
OE
Original equipment
OEMs
Original equipment manufacturer
OMFV
Optionally manned fighting vehicle
P&L
Profit and loss statement
PF
Proforma
PPA
Purchase price allocation
QHSE
Quality, health, safety and environment
R&D
Research and development
RAM
RENK America
RDT&E
Research, development, test and evaluation
RoW
Rest of world
SCM
Supply chain management
SIPRI
Stockholm International Peace Research Institute