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momentumgroup FINANCIAL REPORT 2020 - 9 MONTHS 1 April - 31 December 2020 FINANCIAL YEAR 2020 - 9 MONTHS ( 1 April - 31 December 2020 ) • Revenue for the financial year ( 9 months ) amounted to MSEK 6,846 ( 4,596 ) , with the change com- pared with the corresponding period in the preceding year attributable to the acquisition of Swedol . Compared with revenue for the corresponding period in the preceding year including Swedol ( MSEK 7,412 ) , revenue declined by 8 percent . * • EBITA amounted to MSEK 484 ( 247 ) , corresponding to an EBITA margin of 7.1 percent ( 5.4 ) . The change compared with the preceding year is primarily attributable to the acquisition of Swedol . Compared with EBITA for the corresponding period in the preceding year including Swedol ( MSEK 547 ) , EBITA declined by 12 percent while the EBITA margin amounted to 7.1 percent ( 7.4 ) . * • Operating profit amounted to MSEK 333 ( 223 ) and the operating margin to 4.9 percent ( 4.9 ) . Earnings were affected by provisions for a restructuring reserve totalling MSEK 97 in the financial accounts for the second quarter of 2020. This reserve pertains to restructuring costs in connection with the integration of TOOLS and Swedol . Net profit amounted to MSEK 229 ( 163 ) and earnings per share totalled SEK 4.55 ( 5.75 ) . • The return on working capital ( EBITA / WC ) for the most recent 12 - month period ( including Swedol ) was 24 percent . * • Cash flow from operating activities improved to MSEK 1,086 ( 400 ) . • The equity / assets ratio was 39 percent at the end of the financial year . • A dividend of SEK 1.50 per share ( - ) is proposed . • During the year , the COVID - 19 pandemic negatively impacted revenue due to increased restraint and uncertainty in the market , although with variations between customer segments and countries . The various companies in the Group have adopted continuous measures to adapt their operations based on these conditions . The integration between Swedol and TOOLS commenced according to plan during the year . THIRD QUARTER ( 1 October - 31 December 2020 ) • Revenue amounted to MSEK 2,529 ( 1,588 ) . Compared with revenue for the corresponding quarter in the preceding year including Swedol ( MSEK 2,655 ) , revenue declined by 5 percent . * • EBITA amounted to MSEK 201 ( 92 ) , corresponding to an EBITA margin of 7.9 percent ( 5.8 ) . Compared with EBITA for the corresponding quarter in the preceding year including Swedol ( MSEK 218 ) , EBITA declined by 8 percent while the EBITA margin amounted to 7.9 percent ( 8.2 ) . * • Net profit amounted to MSEK 134 ( 56 ) and earnings per share totalled SEK 2.70 ( 1.95 ) . AFTER THE END OF THE FINANCIAL YEAR • Within the business area Components & Services , acquisitions of four businesses generating total annual revenue of approximately MSEK 285 . * ACQUISITION OF SWEDOL CLOSED AS OF 1 APRIL 2020 Momentum Group's acquisition of Swedol was completed during spring 2020 and closed on 1 April 2020. Any instances where the comparative figures in this report include Swedol for the period prior to the closing date on 1 April 2020 are specifically noted . The bases for the financial history including Swedol are presented in a separate press release dated 24 June 2020 - Supplementary financial information relating to the 2019/20 financial year for the Momentum Group . Momentum Group AB ( publ ) Mail address : PO Box 5900 , SE - 102 40 Stockholm , Sweden | Visit : Östermalmsgatan 87 D , Stockholm | Tel : +46 10 454 54 70 Org No : 559072-1352 Reg office : Stockholm | www.momentum.group Page 1 ( 20 )