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Q1 2021 ALFA Advancing better ™ Improved market conditions • Improved market conditions in most end markets resulted in a sequential increase in order intake . • Service business showed clear signs of recovery . • Increased technology investments driven by sustainability focus . Cost reduction programs supported increased adjusted EBITA margin . • Stable cash flow and further reduced net debt . Outlook for the second quarter " We expect demand in the second quarter to be about the same as in the first quarter . " Earlier published outlook ( February 3 , 2021 ) : " We expect demand in the first quarter to be about the same as in the fourth quarter . " The Board of Directors will propose a dividend of SEK 5.50 ( - ) per share and a mandate for repurchase of up to 5 percent of the issued shares to the Annual General Meeting . The Q1 2021 report has not been subject to review by the company's auditors . Summary SEK millions Q1 2021 2020 % % * Order intake Net sales 10,204 11,877 -14 8,969 10,590 -15 -5 -7 Adjusted EBITA ** 1,530 1,750 -13 - adjusted EBITA margin ( % ) Result after financial items *** ** 17.1 16.5 1,483 1,257 18 Net income for the period *** 1,112 923 20 Earnings per share ( SEK ) *** 2.64 2.19 21 Cash flow from operating activities 963 959 0 Impact on adjusted EBITA of foreign exchange effects -70 90 Impact on result after financial items of comparison distortion items Return on capital employed ( % ) ** Net debt to EBITDA , times ** 12 18.8 23.0 0.43 0.87 * Excluding currency effects . ** Alternative performance measures . *** The comparison period 2020 has been changed as communicated in the Q3 report 2020 .