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// Andlauer HEALTHCARE GROUP Andlauer Healthcare Group Reports First Quarter 2021 Results Toronto , May 11 , 2021 - Andlauer Healthcare Group Inc. ( TSX : AND ) ( " AHG " or the " Company " ) today reported its financial results for the three - month period ended March 31 , 2021 ( " Q1 2021 " ) . Q1 2021 Summary • Revenue increased 17.3 % to $ 95.8 million , compared to $ 81.7 million for the three months ended March 31 , 2020 ( " Q1 2020 " ) ; • • • • • • Operating income increased 34.3 % to $ 16.7 million , compared to $ 12.4 million in Q1 2020 ; Net income and comprehensive income increased 41.9 % to $ 11.6 million , compared to $ 8.2 million in Q1 2020 ; EBITDA increased 35.6 % to $ 25.5 million , compared to $ 18.8 million in Q1 2020 ; EBITDA Margin was 26.6 % , compared to 23.0 % in Q1 2020 ; On March 1 , 2021 , AHG acquired 100 % of Skelton Canada Inc. ( " Skelton " ) and 49 % of Skelton USA Inc. ( “ Skelton USA " ) for total aggregate consideration of approximately $ 114.7 million , subject to customary working capital adjustments . Skelton added approximately $ 4.1 million of revenue during Q1 2021 ; AHG continued to maintain service levels across its operations , while monitoring the safety measures implemented in response to COVID - 19 to prioritize the health and safety of its personnel , clients , and suppliers ; and During Q1 2021 , AHG provided logistics and distribution , specialized transportation and packaging solutions to certain of its manufacturer , third party logistics provider , wholesaler and government clients that are involved in the Canadian supply of COVID - 19 vaccines and ancillary products . While individually , and in the aggregate , COVID - 19 related revenue was not material to AHG's results in Q1 2021 , the Company believes such revenue may increase in Q2 2021 as the Government of Canada continues to accelerate its commitments to procure COVID - 19 vaccines from several suppliers . " Our strong first quarter results were driven by exceptional performance in our logistics and distribution and ground transportation product lines , including full quarter contributions from the acquisitions of TDS Logistics and McAllister Courier , and a one - month contribution from the Skelton acquisition . We also benefitted from continued strong growth in our dedicated and last mile delivery , and air freight forwarding product lines , " said Michael Andlauer , Chief Executive Officer of AHG . " While we're still in the initial stages of integrating Skelton , it is already clear that they're a great long - term strategic fit with AHG . We are off to a great start in 2021 and look forward to maintaining strong performance throughout the year , while continuing to prioritize the health and safety of our personnel and owner operators who make it happen . "