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BUFAB AB ( PUBL ) Interim report January - March 2021 BUEAB Interim report January - March 2021 Continued strong growth and robust improvement in profitability . First quarter of 2021 • Net sales increased by 8 percent to SEK 1,423 million ( 1,316 ) . Organic growth was +14 percent and order intake higher than net sales • Operating profit ( EBITA ) increased by 40 percent to SEK 177 million ( 126 ) and the operating margin was 12.4 percent ( 9.5 ) • Operating cash flow increased to SEK 105 million ( 84 ) • Earnings per share increased by 38 percent to SEK 3.18 ( 2.31 ) • Bufab achieved its highest ever single quarter sales , operating profit and earnings per share • Bufab joined the Science Based Targets initiative • Bufab's Board of Directors decided on new financial targets until 2025 THE GROUP IN BRIEF ( FOR DEFINITIONS , SEE PAGE 19 ) Quarter 1 Δ 12 - months rolling Full year SEK million Order intake 2021 2020 % 2021/20 2020 1,481 1,321 12 4,987 4,827 Net sales 1,423 1,316 8 4,863 4,756 Gross profit 397 351 13 1,298 1,252 % 27.9 26.7 26.7 26.3 Operating expenses -220 -226 -3 -765 -771 % -15.5 -17.2 -15.7 -16.2 Operating profit ( EBITA ) 177 126 40 533 482 % 12.4 9.5 11.0 10.1 Operating profit 170 118 44 504 452 % 11.9 9.0 10.4 9.5 Profit after tax 119 86 38 332 299 Earnings per share , SEK 3.18 2.31 38 8.91 8.04 Net sales , SEK million 8 000 200 7 000 175 6 000 150 5 000 125 4 000 100 3 000 75 2 000 50 1 000 25 0 0 Ø ས Q1 2 000 1 750 1 500 1 250 1 000 750 500 250 0 Q2 Q3 Q4 Q1 Q2 Q3 Q4 19 19 19 20 20 20 20 21 Quarter Rolling 12 month Operating profit ( EBITA ) , SEK million 800 SALES GROWTH 700 600 500 400 300 200 100 + 8 % OPERATING MARGIN ( EBITA ) 12.4 % 0 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 སུཿ 19 19 19 20 20 20 20 21 Quarter Rolling 12 month