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bhg . Interim report : 1 January - 30 June 2021 BHG surges past milestone of SEK 10 billion in LTM net sales - The acquisition journey continues and total growth in the quarter exceeds 30 % HIGHLIGHTS 1 April - 30 June • Net sales increased 31.8 % to SEK 3,550.6 million ( 2,694.9 ) . Organic growth was 14.1 % • Gross profit increased 40.0 % to SEK 945.4 million ( 675.5 ) , with a gross margin of 26.6 % ( 25.1 ) Adjusted EBIT amounted to SEK 278.0 million ( 232.7 ) , corresponding to an adjusted EBIT margin of 7.8 % ( 8.6 ) • Operating income amounted to SEK 261.6 million ( 222.0 ) , correspond to an operating ma of 7.4 % ( 8.2 ) ● • Cash flow from operating activities amounted to SEK 336.1 million ( 605.0 ) • Net profit for the period amounted to SEK 199,9 million ( 147.2 ) , an increase of 35.8 % on the prior year Earnings per share amounted to SEK 1.63 ( 1.34 ) before dilution and SEK 1.62 ( 1.33 ) after dilution FINANCIAL SUMMARY SEKm ( if not otherwise stated ) Net sales Gross profit Gross margin ( % ) Adjusted EBIT * Adjusted EBIT margin ( % ) Operating income Operating margin ( % ) Net profit for the period Earnings per share before dilution , SEK Key events during and after the period • M & A : -The acquisitions of Svenssons i Lammhult , announced in the first quarter , and Hafa Bathroom Group , announced in the second quarter , were approved by the Swedish Competition Authority and could therefore be completed . Both businesses were consolidated as of 1 May . - On 9 June , the acquisition of 92 % of HYMA was announced . The transaction was recently approved by the Swedish Competition Authority and was completed on 21 July . HYMA , which will be consolidated as of 1 August , will strengthen the DIY segment's leading Nordic online position by increasing its category depth and breadth and enable growth and cost synergies . • New credit facilities were secured , with the aim of supporting a continued high M & A rate , expanding the Group's total credit line from SEK 2.4 billion to SEK 3.3 billion . Apr - Jun 2021 BHG GROUP AB ( PUBL ) | 559077-0763 • A new incentive programme was launched for certain senior executives , through the issue of a maximum of 1,200,006 warrants , most of which have been subscribed and the remainder saved for upcoming key recruitments . The cost for the programme amounted to SEK 28.7 million , of which SEK 18.8 million was charged to the quarter ( the programme in the preceding year was charged to earnings in the third quarter in an amount corresponding to SEK 10.7 million ) . 3,550.6 945.4 26.6 278.0 7.8 261.6 7.4 199.9 1.63 1 January - 30 June Net sales increased 41.5 % to SEK 6,118.4 million ( 4,323.3 ) . Organic growth was 22.5 % 2020 2,694.9 675.5 25.1 232.7 8.6 222.0 8.2 147.2 • Gross profit increased 50.1 % to SEK 1,644.7 million ( 1,096.0 ) , with a gross margin of 26.9 % ( 25.4 ) Adjusted EBIT amounted to SEK 461.8 million ( 312.7 ) , corresponding to an adjusted EBIT margin of 7.5 % ( 7.2 ) • Operating income amounted to SEK 430.1 million ( 291,2 ) , rrespon to an operating margin of 7.0 % ( 6.7 ) • Cash flow from operating activities amounted to SEK 455.6 million ( 752.9 ) ● 1.34 • Net profit for the period amounted to SEK 315.2 million ( 193.4 ) , an increase of 62.9 % on the prior year • Earnings per share amounted to SEK 2.61 ( 1.78 ) before dilution and SEK 2.58 ( 1.77 ) after dilution A % 31.8 40.0 1.6 p.p. 19.5 -0.8 p.p. 17.9 -0.9 p.p. 35.8 2021 / Q2 21.6 Jan - Jun 21.8 -44.4 n / a 2021 2020 6,118.4 4,323.3 1,644.7 1,096.0 26.9 461.8 7.5 430.1 7.0 315.2 2.61 25.4 312.7 7.2 291.2 6.7 193.4 1.78 A % 41.5 50.1 1.5 p.p. 47.7 0.3 p.p. 47.7 0.3 p.p. 62.9 46.6 Jan - Dec 2020 45.8 -39.5 8,968.2 2,330.8 1.62 1.33 2.58 1.77 336.1 605.0 455.6 752.9 Earnings per share after dilution , SEK Cash flow from operating activites Net debt ( + ) / Net cash ( - ) Refer to " Relevant reconciliations of non - IFRS alternative performance measures ( APMs ) " on page 31 of this report for a more detailed description . 509.2 -26.2 509.2 -26.2 n / a 26.0 700.8 7.8 657.8 7.3 420.3 3.87 3.80 994.3 1,796.0 1