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Interim report January - March 2021 January - March 2021 in brief • Net sales amounted to SEK 2,168 M ( 2,273 ) . Net sales grew organically by 4.1 % . • Adjusted EBITDA increased 11.0 % to SEK 495 M ( 445 ) . In comparable currencies , profit was SEK 529 M , corresponding to an improvement of approximately 19 % . Adjusted operating profit increased by 27.9 % to SEK 260 M ( 203 ) . In comparable currencies , profit was SEK 294 M , corresponding to an improvement of approximately 45 % . • • Profit after financial items increased to SEK 231 M ( 140 ) . • Earnings per share rose to SEK 0.64 ( 0.39 ) . Cash flow from operations amounted to SEK 275 M ( 287 ) . Financial summary SEK M Net sales Gross profit Gross margin , % Adjusted EBITA¹ ) Quarter 1 2021 Quarter 1 2020 Rolling 12 months Full - year 2020 2,168 2,273 8,972 9,078 1,014 1,043 4,097 4,126 46.8 % 45.9 % 45.7 % 45.5 % 330 273 1,281 1,224 Adjusted EBITA margin , % 1 ) Adjusted EBITDA1 Adjusted EBITDA margin , % 1 ) Operating profit ( EBIT ) Adjusted operating profit ( EBIT ) 1 Profit after financial items Net profit for the period 15.2 % 12.0 % 14.3 % 13.5 % 495 445 1,962 1,913 22.8 % 19.6 % 21.9 % 21.1 % 252 167 951 866 260 203 1,000 943 231 140 792 702 173 105 594 526 Number of shares , thousands Earnings per share , SEK 272,370 272,370 272,370 272,370 Cash flow from operations 0.64 275 Cash conversion , % 56.5 % 0.39 287 70.1 % 2.18 2,256 117.7 % 1.93 2,267 123.3 % 1 ) Before exceptional items . See Alternative performance measures on page 17 and definitions on page 20 . The human body is made to move . At Arjo , we believe that high quality of care and positive clinical outcomes begin by maintaining or improving a patient's mobility . Our offering includes products and solutions for patient transfers , hygiene , disinfection , prevention of pres- sure injuries and deep vein thrombosis ( blood clots ) and for diagnostics . We also offer medical beds and various services , such as training in connection with product sales . Arjo's approach contributes to improved quality of care and enhanced efficiency , resulting in reduced healthcare costs . www.arjo.com arjo with people in mind