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bhg . Interim report : 1 January - 30 September 2021 Journey of growth continues - Organic growth , M & A and synergies resulted in growth for the quarter of 33.6 % HIGHLIGHTS 1 July - 30 September • Net sales increased 33.6 % to SEK 3,060.5 million ( 2,290.3 ) . Organic growth was 5.5 % and pro - forma organic growth was 10.2 % • Gross profit increased 32.7 % to SEK 786.1 million ( 592.3 ) , with a gross margin of 25.7 % ( 25.9 ) Adjusted EBIT amounted to SEK 164.5 million ( 194.0 ) , corresponding to an adjusted EBIT margin of 5.4 % ( 8.5 ) • Operating income amounted to SEK 123.0 million ( 183.2 ) , corresponding to an operating margin of 4.0 % ( 8.0 ) ● • Cash flow from operating activities amounted to SEK - 232.0 million ( 20.7 ) • Net profit for the period amounted to SEK 61.7 million ( 134.9 ) • Earnings per share amounted to SEK 0.50 ( 1.24 ) before dilution and SEK 0.49 ( 1.22 ) after dilution Key events during and after the period • M & A : Continued high acquisition rate - On 9 June , BHG announced the acquisition of 92 % of HYMA , our second largest acquisition to date . The transaction was completed on 21 July . HYMA was consolidated as of 1 August and will strengthen the DIY segment's leading Nordic online position by increasing its category depth and breadth and enable growth and cost synergies . - On 2 September , BHG announced the acquisition of 80 % of AH - Trading , one of Germany's leading e - commerce companies in garden furniture . AH - Trading was consolidated in the Home Furnishing segment as of 1 September . The acquisition has created the conditions for sales and purchasing synergies and will enable the company to establish a presence and infrastructure in Germany , which will provide a foundation for continued growth in the strategically important German market . FINANCIAL SUMMARY • Growth initiatives : Progress on central organic initiatives - Investments in technology platforms for product and customer data , automation of select parts of the warehouse infrastructure , and a first showroom and own last - mile deliveries in the Oslo region . SEKm ( if not otherwise stated ) Net sales Gross profit Gross margin ( % ) -The ultimate aim of all of these initiatives is to complement the customer offering and create a leading customer experience through further product range expansion and exchange between the operating units , geographic expansion of proprietary brands and by strengthening BHG's digital leadership and infrastructure . Adjusted EBIT * Adjusted EBIT margin ( % ) Operating income Operating margin ( % ) Net profit for the period Earnings per share before dilution , SEK Jul - Sep 2021 BHG GROUP AB ( PUBL ) | 559077-0763 3,060.5 786.1 25.7 164.5 5.4 123.0 4.0 61.7 0.50 2020 2,290.3 592.3 25.9 194.0 8.5 183.2 8.0 134.9 1 January - 30 September • Net sales increased 38.8 % to SEK 9,178.8 million ( 6,613.6 ) . Organic growth was 16.6 % and pro - forma organic growth was 21.0 % • Gross profit increased 43.9 % to SEK 2,427.1 million ( 1,686.2 ) , with a gross margin of 26.4 % ( 25.5 ) • Adjusted EBIT amounted to SEK 626.3 million ( 506.7 ) , corresponding to an adjusted EBIT margin of 6.8 % ( 7.7 ) • Operating income amounted to SEK 553.1 million ( 474.4 ) , corresponding to an operating margin of 6.0 % ( 7.2 ) 1.24 • Cash flow from operating activities amounted to SEK 223.6 million ( 773.6 ) • Net profit for the period amounted to SEK 376.9 million ( 328.4 ) Earnings per share amounted to SEK 3.09 ( 3.02 ) before dilution and SEK 3.05 ( 2.98 ) after dilution 1.22 20.7 87.2 A % 33.6 32.7 -0.2 p.p. -15.2 -3.1 p.p. -32.9 -4.0 p.p. -54.3 -59.7 2021 / Q3 Jan - Sep -59.8 -1223.1 2025.9 2021 9,178.8 2,427.1 26.4 626.3 6.8 553.1 6.0 376.9 3.09 2020 6,613.6 1,686.2 25.5 506.7 7.7 474.4 7.2 328.4 3.02 A % 38.8 43.9 0.9 p.p. 23.6 -0.8 p.p. 16.6 -1.1 p.p. 14.8 2.3 0.49 3.05 2.98 -232.0 223.6 773.6 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 33 of this report for a more detailed description . 1,854.3 1,854.3 87.2 Jan - Dec 2020 8,968.2 2,326.2 25.9 700.8 7.8 657.8 7.3 420.3 2.3 -71.1 2025.9 3.87 3.80 994.3 1,796.0