Interim report
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ambea : We make the world a better place one person at a time . Interim report January - September 2021 Strong quarter with growing demand Third quarter July - September Net sales rose 7 per cent to SEK 2,912 million ( 2,732 ) . Ac quired growth was 4 per cent and organic growth 3 per cent . Operating profit ( EBIT ) totalled SEK 316 million ( 264 ) . EBITA rose 18 per cent to SEK 344 million ( 291 ) , corre sponding to a margin of 11.8 per cent ( 10.7 ) . Adjusted EBITA , which excludes items affecting compara bility , rose 8 per cent to SEK 344 million ( 319 ) . The adjusted EBITA margin was 11.8 per cent ( 11.7 ) . • Profit for the period totalled SEK 190 million ( 152 ) . Earnings per share were SEK 2.01 ( 1.61 ) before and after dilution . • Cash conversion was 52.1 per cent ( 70.8 ) . Free cash flow totalled SEK 186 million ( 274 ) . Consolidated key figures SEK million Net sales EBITA * Operating margin , EBITA ( % ) * Adjusted EBITA * Operating margin , adjusted EBITA ( % ) * Operating profit , EBIT Operating margin , EBIT ( % ) * Profit after tax Earnings per share before dilution , SEK Earnings per share after dilution , SEK Cash conversion ( % ) * Free cash flow * 2021 Jul - Sep 2,912 344 11.8 344 11.8 316 10.9 190 2.01 2.01 52.1 186 COME ALO 2020 Jul - Sep 2,732 291 10.7 319 11.7 264 9.7 152 1.61 1.61 70.8 274 First nine months , January - September Net sales amounted to SEK 8,490 million ( 8,319 ) . Acquired growth was 2 per cent and organic growth 0 per cent . Operating profit ( EBIT ) totalled SEK 560 million ( 543 ) . EBITA increased 2 per cent to SEK 642 million ( 628 ) , corre sponding to a margin of 7.6 per cent ( 7.6 ) ● ● ● ● Adjusted EBITA , which excludes items affecting comparabi lity , decreased 6 per cent to SEK 642 million ( 679 ) . The adjusted EBITA margin was 7.6 per cent ( 8.2 ) . Profit for the period totalled SEK 273 million ( 266 ) . Earnings per share were SEK 2.90 ( 2.82 ) before and after dilution . Cash conversion was 81.7 per cent ( 91.1 ) . Free cash flow totalled SEK 730 million ( 804 ) . A % 7 18 8 20 25 25 25 -32 2021 Jan - Sep 8,490 642 7.6 642 7.6 560 6.6 273 2.90 2.90 81.7 730 2020 Jan - Sep 8,319 628 7.6 679 8.2 543 6.5 266 2.82 2.82 91.1 804 A % 2 2 -6 3 2 3 3 -9 RTM 11,254 843 7.5 842 7.5 734 6.5 366 3.87 3.87 95.8 1,197 2020 Jan - Dec 11,083 829 7.5 879 7.9 717 6.5 359 3.80 AMBEA AB ( PUBL ) CORP . REG . NO . 556468-4354 | INTERIM REPORT Q3 20 21 3.80 103.2 1,271 * 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 1