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TCM Group Management's review Interim report Q2 2021 ( April 1 - June 30 ) ( All figures in brackets refer to the corresponding period in 2020 ) Continued significant growth in the second quarter and guidance revised up . TCM Group CEO Torben Paulin : " Our strong revenue growth continued with sales growing by 11.7 % to DKK 291 million in the quarter . Organic growth was even higher at 14 % , if we take into account the negative impact from the divestment of the Svane Køkkenet store in Copenhagen . The revenue growth was driven by all our four brands and we saw the highest growth rates within our DIY segment ( Nettoline and kitchn.dk ) . Profits also continued to rise , adjusted EBIT was up by 8.6 % from DKK 40.6 million in Q2 2020 to DKK 44.1 million this quarter . We are seeing a market with continued high demand from our customers , but also with upward pressure on raw material prices , and challenges with raw material availability leading to higher costs . Based on the positive development in the first half of the year and present market conditions we revise our guid- ance . We now estimate revenue for 2021 in the range DKK 1,090-1,120 million , while adjusted EBIT is expected to reach between DKK 148 million and 162 million . " Financial highlights Q2 • Revenue DKK 290.7 million ( DKK 260.2 million ) corresponding to a revenue growth of 11.7 % . • Adjusted EBITDA DKK 47.7 million ( DKK 45.9 million ) . Adjusted EBITDA margin was 16.4 % ( 17.6 % ) . • • • Adjusted EBIT up DKK 3.5 million to DKK 44.1 million ( DKK 40.6 million ) . Adjusted EBIT margin was 15.2 % ( 15.6 % ) Non - recurring items had a total negative impact of DKK 1.5 million ( DKK 1.0 million ) . Non - recurring items included costs related to Covid - 19 precautions . EBIT up DKK 3.0 million to DKK 42.6 million ( DKK 39.6 million ) , corresponding to an EBIT margin of 14.6 % ( 15.2 % ) . • Net profit up DKK 1.8 million to DKK 31.9 million ( DKK 30.1 million ) . • Free cash flow was DKK 52.2 million ( DKK 68.6 million ) . • Cash conversion ratio was 71.5 % ( 101.8 % ) . TCM Group A / S , Skautrupvej 16 , DK - 7500 Holstebro , Company reg . ( CVR ) no : 37291269 Page 1 of 19