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PUUILO Q2 HALF - YEAR FINANCIAL REPORT FEBRUARY - JULY 2021 Net sales increased and high profitability level continued in the second quarter Highlights for May - July 2021 Net sales increased by 5.2 % ( 49.8 % ) and were EUR 79.8 million ( 75.8 ) Like - for - like store net sales declined by -4.0 % ( + 33.1 % ) Online store net sales increased by 45.2 % Gross profit was EUR 29.6 million ( 27.7 ) and gross margin was 37.2 % ( 36.5 % ) Adjusted EBITA was EUR 16.8 million ( 16.1 ) , which corresponds to an adjusted EBITA- margin of 21.1 % ( 21.2 % ) EBIT was EUR 14.9 million ( 15.6 ) which corresponds to 18.6 % of net sales ( 20.6 % ) Operating free cash flow was EUR 8.5 million ( 19.6 ) Earnings per share were EUR 0.13 ( 0.14 ) One new store was opened during the reporting period Highlights for February - July 2021 Net sales increased by 11.5 % ( 47.1 % ) and were EUR 138.2 million ( 123.9 ) Like - for - like store net sales grew by 2.5 % ( 29.6 % ) Online store net sales increased by 33.3 % Gross profit was EUR 51.0 million ( 45.5 ) and gross margin was 36.9 % ( 36.7 % ) Adjusted EBITA was EUR 25.5 million ( 23.5 ) , which corresponds to an adjusted EBITA - margin of 18.5 % ( 19.0 % ) EBIT was EUR 22.2 million ( 22.6 ) , which corresponds to 16.0 % of net sales ( 18.2 % ) Operating free cash flow was EUR 15.4 million ( 26.2 ) Earnings per share were EUR 0.19 ( 0.20 ) Three new stores were opened during the reporting period Figures are in millions of euros unless otherwise stated and have been rounded . Hence the sum of individual figures may differ from the total shown . Puuilo's financial year starts on 1 February and ends on 31 January the following year . The figures in parentheses refer to the corresponding period the previous year , unless otherwise stated . The information in this report is unaudited . For further information , please contact : Juha Saarela , CEO , mobile phone : +358 50 409 7641 Ville Ranta , CFO , mobile phone : +358 40 555 4995 Webcast and a phone conference Puuilo's CEO Juha Saarela and CFO Ville Ranta will present the report at a webcast and a phone conference for analysts , investors and the media on the publication date at 11:00 a.m. EET ( 10:00 a.m. CET ) . The event will be held in Finnish , but questions can also be asked in English at the end of the webcast . You can join the live webcast via https://puuilo.videosync.fi/2021-h1-tulos or join via phone . A recording of the webcast will be available at Puuilo's investor website later on the report publication day . FI : +358 9 81710310 SE : +46 8 56642651 UK : +44 333 3000804 US : +1 631 9131422 Confirmation code : 59244505 #