Interim report
Page 1
ADDNODE GROUP INTERIM REPORT 1 JANUARY - 31 MARCH 2021 This is a translation of the Swedish original of Addnode Group's interim report for the period 1 January - 31 March 2021 . In the event of any discrepancies between the two versions , the original Swedish version shall apply . FIRST QUARTER SUMMARY , JANUARY - MARCH 2021 • Net sales decreased by 16 per cent to SEK 1,036 m ( 1,234 ) , of which -17 per cent organic . Currency - adjusted organic growth was -14 per cent . ⚫ EBITA was SEK 107 m ( 108 ) , and the EBITA margin increased to 10.3 per cent ( 8.8 ) . • Operating profit was SEK 73 m ( 77 ) , with an operating margin of 7.0 per cent ( 6.2 ) . • Profit after tax was SEK 54 m ( 57 ) . Earnings per share were SEK 1.62 ( 1.71 ) . • . • Cash flow from operating activities decreased to SEK 150 m ( 276 ) . Agreement signed to acquire S - GROUP Solutions AB , with net sales of SEK 144 m in 2020 . SUMMARY OF SIGNIFICANT EVENTS AFTER THE END OF THE REPORTING PERIOD • Issue of 204,802 Class B shares in connection with the acquisition of S - GROUP Solutions AB . -16 % Net sales growth Q1 2021 compared with Q1 2020 KEY FIGURES 10.3 % EBITA margin Q1 2021 GLASS MAHAS E GLASS MAHAS 69 % Share of recurring revenue Q1 2021 Q1 First quarter 2021 Jan - Mar Rolling 12 m Full year 2020 Jan - Mar Apr 2020- Mar 2021 2020 Net sales , SEK m EBITA , SEK m 1,036 107 1,234 3,609 3,807 108 355 356 EBITA margin , % 10.3 8.8 9.8 9.4 Operating profit , SEK m 73 77 225 229 Operating margin , % 7.0 6.2 6.2 6.0 Profit for the period , SEK m 54 57 160 163 Earnings per share , SEK 1.62 1.71 4.79 4.88 Cash flow from operating activities , SEK m 150 276 453 579 Return on shareholders ' equity , % 10.4 12.0 10.4 11.2 Return on capital employed , % 9.7 11.2 9.7 10.6 Shareholders ' equity per share , SEK 48.01 44.01 48.01 45.23 For more information , please contact : Johan Andersson , President and CEO , johan.andersson@addnodegroup.com +46 ( 0 ) 704 20 58 31 Lotta Jarleryd , CFO , lotta.jarleryd@addnodegroup.com +46 ( 0 ) 72 247 92 01 All amounts are presented in millions of Swedish kronor ( SEK m ) unless indicated otherwise . Rounding differences of SEK +/- 1 m may occur in the summing of figures . In cases where an underlying figure is SEK 0 m when rounded , it is presented as O.