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JANUARY MARCH 2021 BULTEN INTERIM REPORT Yet another record quarter commences 2021 Q1 FIRST QUARTER • Net sales amounted to SEK 1,103 ( 821 ) million , an increase of 34.4 % on the same period last year . Adjusted for acquisitions , the increase amounted to 24.9 % . The acquisition of PSM took place on February 28 , 2020 . • Operating earnings ( EBIT ) totaled SEK 98 ( 43 ) million , equating to an operating margin of 8.9 % ( 5.2 ) . • Earnings after tax amounted to SEK 68 ( 9 ) million . • Order bookings amounted to SEK 1,010 ( 688 ) million , an increase of 46.8 % on the same period last year . • Cash flow from operating activities totaled SEK 93 ( 63 ) million . • Earnings per share were SEK 3.21 ( 0.63 ) . • Anna Åkerblad took over as new Chief Financial Officer ( CFO ) on March 4 . CEO'S COMMENTS " The strong volumes we saw during the fourth quarter were maintained during the beginning of 2021 and made the first quarter another record quarter for Bulten , both in terms of sales and earnings . During the quarter , Bulten's net sales increased by 34.4 % and order bookings by 46.8 % compared to the same period in 2020. Although the comparative figures are influenced by the pandemic and the acquisition of PSM at the end of Q1 2020 , Bulten's growth has taken the Group to a new level . The recovery that characterized the global automotive market from the second half of 2020 has been inhibited during the first quarter of 2021 by additional COVID - 19 related restrictions , but Bulten has a customer mix that performed better than the market as a whole during the period . The higher volumes have resulted in a high level of capacity utilization which , combined with streamlining , synergies , and a higher proportion of in - house production , has led to good profitability development . Operating earnings totaled SEK 98 million , equating to an operating margin of 8.9 % . In general , Bulten's customers have a high demand for their products . However , we can see that the problems our customers have in their supply chains , primarily a lack of microprocessors , will cause disruption and have inhibiting effect on automotive production , and therefore on Bulten's sales . We continue to implement our ' Stronger 24 ' strategy plan , which we presented in 2020 , and we are advancing our positions as a leader in innovation and sustainability together with our extended full service provider offering ( FSP ) . We see good opportunities during the remainder of 2021 to win market shares and grow , both within and outside of the automotive industry . Finally , I would also like to take the opportunity to welcome Anna Åkerblad who , according to an earlier announcement , has now taken over as the new CFO at Bulten . " Anders Nyström , President and CEO