Interim report
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ADDNODE GROUP INTERIM REPORT 1 JANUARY - 30 JUNE 2021 This is a translation of the Swedish original of Addnode Group's interim report for the period 1 January - 30 June 2021 . In the event of any discrepancies between the two versions , the original Swedish version shall apply . SECOND QUARTER SUMMARY , APRIL - JUNE 2021 • Net sales increased by 18 per cent to SEK 1,002 m ( 846 ) , of which 13 per cent was organic . Currency - adjusted organic growth was 14 per cent . SUMMARY OF SIGNIFICANT EVENTS AFTER THE END OF THE REPORTING PERIOD • No significant events have taken place after the end of the reporting period . 18 % Net sales growth Q2 2021 compared with Q2 2020 KEY FIGURES • EBITA increased to SEK 98 m ( 56 ) , and the EBITA margin increased to 9.8 per cent ( 6.6 ) . EBITA in the preceding year was charged with restructuring costs of SEK 20 m . EBITA adjusted for restructuring costs would have amounted to SEK 98 m ( 76 ) , for an adjusted EBITA margin of 9.8 per cent ( 9.0 ) . • Operating profit increased to SEK 59 m ( 24 ) , for an operating margin of 5.9 per cent ( 2.8 ) . • Profit for the period increased to SEK 40 m ( 14 ) . • Earnings per share increased to SEK 1.19 ( 0.42 ) . • Cash flow from operating activities decreased to SEK 51 m ( 188 ) . • Issue of 204,802 Class B shares in connection with acquisition of S - GROUP Solutions AB . Acquisition of Elpool i Umeå AB , with net sales of approximately SEK 6 m in 2019/2020 . • Acquisition of Irish company Procad Limited , with net sales of approximately SEK 50 m in 2020 . Expansion of revolving credit facility by SEK 500 m to SEK 1,600 m . Net sales , SEK m EBITA , SEK m EBITA margin , % Operating profit , SEK m Operating margin , % Profit for the period , SEK m Earnings per share , SEK Cash flow from operating activities , SEK m Second quarter 2021 Apr - Jun 1,002 98 9.8 59 5.9 40 1.19 51 9.8 % EBITA margin Q2 2021 12.2 11.1 Return on shareholders ' equity * , % Return on capital employed * , % Shareholders ' equity per share , SEK 47.78 * Key figures are adjusted to reflect returns on a yearly basis . 2020 Apr - Jun 846 56 6.6 24 2.8 14 0.42 188 10.9 10.6 43.29 6 months 2021 Jan - Jun 2,038 205 10.1 132 6.5 94 2.80 201 12.2 11.1 47.78 2020 Jan - Jun 2,080 164 7.9 101 4.9 71 2.12 464 10.9 10.6 43.29 EHIND For more information , ease 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 Exmona Rolling 12 m Jul 2020 Jun 2021 3,765 397 10.5 260 6.9 186 5.56 65 % Share of recurring revenue Q2 2021 316 Q2 12.2 11.1 GLASS , MAHAG 47.78 BLASSMAN16 ) Full year 2020 3,807 356 9.4 229 6.0 163 4.88 579 11.2 10.6 45.23 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. FEU