Page 1

● Second quarter 2021 ( Q2 2020 ) • Net sales increased by 17.5 % to 381.0 MSEK ( 324.1 MSEK same period last year ) • Net sales growth adjusted for exchange rate differences at 17.6 % • Contribution margin after fulfillment cost increased to 30.0 % ( 29.6 % ) ● • EBITDA amounted to 46.5 MSEK ( 56.2 ) . EBITDA - margin at 12.2 % ( 17.3 % ) ● NOW 30 % MORE GO GREEN • Operating profit ( EBIT ) at 35.3 MSEK ( 45.8 ) , a margin of 9.3 % ( 14.1 % ) Adjusted EBIT at 35.3 MSEK ( 48.3 ) gives a margin of 9.3 % ( 14.9 % ) • Net profit for the period after taxes at 15.1 MSEK ( 47.1 ) Earnings per share SEK , before and after dilution at 1.69 SEK ( 8.75 ) TSEK , unless otherwise stated Adjusted EBITDA amounted to 46.5 MSEK ( 58.8 ) , Adjusted EBITDA margin of 12.2 % ( 18.1 % ) Interim Report January - June 2021 | LMK Group AB ( publ ) Active customers , ( in thousands ) Deliveries , ( in thousands ) Average order value , SEK Sales and marketing expenses in % of net sales Contribution margin Contribution margin , % Net sales Net sales growth ( adjusted for exchange rate differences ) , % Adjusted EBITDA Adjusted EBITDA - margin , % Operating profit ( EBIT ) EBIT - margin , % LMK GROUP Adjusted EBIT Adjusted EBIT - margin , % Cash flow from operating activities Earnings per share SEK , before and after dilution Significant events during the second quarter 2021 • Order production on stomer unique packing lines reached 60 % for the quarter , on target for 100 % by year - end . • All remaining legacy fixed meal - kits for the Linas Matkasse brand and substantially all of the same for the Adams Matkasse brand were discontinued during the quarter with customers migrating to fully flexible meal - kit offerings . • Pilot project launched for climate - calculated recipes in Sweden on the Linas Matkasse brand , and external reporting initiated on food waste generated in our own production underscoring our commitment to transparency and sustainability . • The acquisition of the remaining 41.52 % of the shares from the founder and CEO of RetNemt was finalized and the integration of the RetNemt operations was started . • The settlement of the bond was finalized , in accordance with what was outlined during the listing process . Performance measures , overview 380 978 17.6 118.5 524 727 -42 949 -11.3 114 246 30.0 46 529 12.2 First Half 2021 ( H1 2020 ) • Net sales increased by 24.1 % to 800.5 MSEK ( 645.2 MSEK same period last year ) • Net sales growth adjusted for exchange rate differences at 24.8 % • Contribution margin after fulfillment cost increased to 29.4 % ( 29.1 % ) 35 307 9.3 35 307 9.3 -16 814 1.69 • EBITDA amounted to 73.8 MSEK ( 85.0 ) . EBITDA - margin at 9.2 % ( 13.2 % ) ● Apr Jun Apr - Jun 2021 2020 ● Adjusted EBITDA amounted to 86.8 MSEK ( 90.5 ) , Adjusted EBITDA margin of 10.8 % ( 14.0 % ) Operating profit ( EBIT ) at 51.7 MSEK ( 63.7 ) , a margin of 6.5 % ( 9.9 % ) Adjusted EBIT at 64.7 MSEK ( 69.3 ) gives a margin of 8.1 % ( 10.7 % ) Net profit for the period after taxes at 21.6 MSEK ( 57.3 ) Earnings per share SEK , before and after dilution at 2.40 SEK ( 10.64 ) 324 142 22.9 102.5 463 700 -18 352 -5.7 95 801 29.6 58 752 18.1 45 752 14.1 48 292 14.9 46 982 8.75 Δ % 17.5 % 15.6 % 13.1 % 3.9 % 134.0 % 19.3 % -20.8 % -22.8 % -26.9 % -135.8 % Jan - Jun 2021 800 455 24.8 118.5 1115 718 -98 965 -12.4 235 711 29.4 86 785 10.8 51 745 6.5 64 682 8.1 28 686 2.40 Jan - Jun 2020 645 202 10.6 102.5 923 699 -57 093 -8.8 187 930 29.1 90 540 14.0 63 725 9.9 69 308 10.7 77 589 10.64 A % 24.1 % 15.6 % 20.8 % 2.7 % 73.3 % 25.4 % -4.1 % -18.8 % -6.7 % -63.0 % FY 2020 1 216 977 174 114.7 1737 701 -129 886 -10.7 359 192 29.5 145 325 11.9 91 508 7.5 101 743 8.4 116 108 About LMK Group AB ( publ ) LMK Group was founded in 2008 with the vision of simplifying everyday life by offering a large variety of inspiring meals delivered directly to the customer's front door . Today , the Group is the largest supplier of meal kits in the Nordic region and considers itself a leader in Scandinavian " food tech " . The Group operates in Sweden , Norway and Denmark under the brands Linas Matkasse , Godtlevert , Adams Matkasse and RetNemt . In 2020 , the Group generated SEK 1.2 billion in revenues and delivered approximately 1.74 million meal kits to households in the markets in which the Group operates .