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Interim report January - March 2021 Secure elderly care with completed vaccinations The first quarter January - March Net sales declined 3 per cent to SEK 2,727 million ( 2,811 ) . Acquired growth was 0 per cent , exchange rates had a nega tive impact of 1 per cent on growth , and organic growth was -2 per cent . Operating profit ( EBIT ) totalled SEK 125 million ( 144 ) . • EBITA declined 12 per cent to SEK 152 million ( 173 ) , corre sponding to a margin of 5.6 per cent ( 6.2 ) . Adjusted EBITA , which excludes items affecting compara bility , decreased 19 per cent to SEK 152 million ( 187 ) . The adjusted EBITA margin was 5.6 per cent ( 6.7 ) . Profit for the period totalled SEK 46 million ( 62 ) . Earnings per share were SEK 0.49 ( 0.65 ) before and SEK 0.49 ( 0.65 ) after dilution . Cash conversion was 77.5 per ce ( 79.2 ) . Free cash flow totalled SEK 172 million ( 148 ) . Consolidated key figures SEK million Net sales EBITA * Operating margin , EBITA ( % ) * Adjusted EBITA * Operating margin , adjusted EBITA ( % ) * Operating profit / loss , EBIT Operating margin , EBIT ( % ) * Profit / loss after tax Earnings / loss per share before dilution , SEK Earnings / loss per share after dilution , SEK Cash conversion ( % ) * Free cash flow * Significant events During the quarter , Ambea estimates the negative impact of the COVID - 19 situation to be about SEK 100 million on net sales and SEK 40 million on EBITA . The negative impact includes loss of income due to lower rates of occupancy primarily in elderly care , higher costs for personal protective equipment ( PPE ) and sick leave , and government support received . • The negative effects of the coronavirus pandemic on the company are expected to continue in 2021. In the second quarter , the negative impact is estimated to be SEK 90-100 million on sales and SEK 40-50 million on EBITA . ambea : During the quarter , Mark Jensen took office as Chief Execu tive Officer . During the quarter , Ambea completed the acquisition of six units with LSS operations in Sweden from LSS Omsorgen . After the end of the quarter , the acquisition of EKKOfonden's care operations in Denmark was completed . Read more on pages 6 and 8 . * Alternative performance measures . For reconciliation of financial statements to IFRS , see Note 8 , for purpose and definition , see ambea.com/investor-relations/reports-and-presentations/ 2021 2020 Jan - Mar Jan - Mar 2,727 2,811 152 173 5.6 6.2 152 187 6.7 144 5.1 62 0.65 0.65 79.2 148 5.6 125 4.6 46 0.49 0.49 77.5 172 A % -3 -12 -19 -13 -25 -25 -25 16 R12 10,999 807 7.3 844 7.7 698 6.3 343 3.64 3.64 102.4 1,295 AMBEA AB ( PUBL ) CORP . REG . NO . 556468-4354 | INTERIM REPORT Q1 2021 2020 Jan - Dec 11,083 829 7.5 879 7.9 717 6.5 359 3.80 3.80 103.2 1,270 1