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● Third quarter 2021 ( Q3 2020 ) • Net sales grew by 7.8 % ( 7.3 % ) to 259.9 MSEK ( 241.0 MSEK ) , adjusted for exchange rate differences that equals to a growth of 8.4 % • Contribution margin after fulfillment cost at 25.6 % ( 27.6 % ) • Sales and marketing expenses were 49.8 MSEK ( 39.0 ) an increase of 10.8 MSEK and was 19.2 % ( 16.2 % ) of Net sales ● • EBITDA amounted to -9.1 MSEK ( 6.7 ) . EBITDA - margin at -3.5 % ( 2.8 % ) Adjusted EBITDA amounted to -9.1 MSEK ( 7.4 ) , Adjusted EBITDA margin of -3.5 % ( 3.1 % ) ● NOW 30 % MORE GO GREEN Operating profit ( EBIT ) at -20.6 MSEK ( -3.9 ) , a margin of -7.9 % ( -1.6 % ) Adjusted EBIT at -20.6 MSEK ( -3.2 ) gives a margin of -7.9 % ( -1.3 % ) • Net profit for the period after taxes at -18.7 MSEK ( -9.0 ) • Earnings per share SEK , before and after dilution at -1.47 SEK ( -1.68 ) TSEK , unless otherwise stated LMK GROUP Interim Report January - September | 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 , % Adjusted EBITDA * Adjusted EBITDA - margin , % * Operating profit ( EBIT ) EBIT - margin , % Net sales Net sales growth ( adjusted for exchange rate differences ) , % * Significant events during the third quarter 2021 • Successful migration of Danish business to the common LMK Group operating platform executing on our growth strategy with increased recipe flexibility and better unit economics • As part of strengthening our effort in business development , Klaus Toft Nørgaard , co - founder of the Danish business , was appointed Chief Business Development Officer to manage new initiatives at group level • Recruitment of Anton Nytorp as CTO to continue developing LMK Group's leading position in Scandinavian food tech • LMK Group initiated reporting of food waste in own production as part of its focus on sustainability and to continue the successful efforts to reduce supply chain related food waste Jul - Sep 2021 259 884 8,4 January - September 2021 ( Jan - Sep 2020 ) • Net sales grew by 19.6 % ( 6.7 % ) to 1060.3 MSEK ( 886.3 MSEK ) , adjusted for exchange rate differences that equals to a growth of 19.9 % 106,8 362 717 -49 791 • Contribution margin after fulfillment cost at 28.5 % ( 28.7 % ) • Sales and marketing expenses were 148.8 MSEK ( 96.1 ) an increase of 52.7 MSEK and was 14.0 % ( 10.8 % ) of Net sales • EBITDA amounted to 64.8 MSEK ( 91.6 ) . EBITDA - margin at 6.1 % ( 10.3 % ) -19,2 66 479 25,6 -9 073 -3.5 -20 560 -7.9 -20 560 -7,9 5 072 -1,47 • Adjusted EBITDA amounted to 77.7 MSEK ( 97.9 ) , Adjusted EBITDA margin of 7.3 % ( 11.0 % ) • Operating profit ( EBIT ) at 31.2 MSEK ( 59.8 ) , a margin of 2.9 % ( 6.7 % ) Adjusted EBIT at 44.1 MSEK ( 66.1 ) gives a margin of 4.2 % ( 7.5 % ) • Net profit for the period after taxes at 2.9 MSEK ( 48.3 ) Earnings per share SEK , before and after dilution at 0.28 SEK ( 8.96 ) ● Jul - Sep 2020 241 063 13,6 102,6 350 690 -38 969 -16,2 66 642 27,6 7 360 3,1 -3 935 -1,6 A % -3 231 -1,3 602 -1,68 7,8 % 4.1 % 3,7 % 4,0 % 27,8 % -0,2 % -223.3 % 422,5 % 536,3 % Jan - Sep 2021 742,4 % 1 060 339 19.9 106,8 1477 718 -148 756 -14,0 302 191 28,5 77712 7.3 31 184 2,9 44 122 4.2 33 757 0,28 Jan - Sep 2020 886 265 115 102,6 1 272 697 -96 062 -10,8 254 572 28,7 97 899 11,0 59 790 6,7 66 077 75 78 191 8,96 A % 19,6 % 4,1 % 16,1 % 3,1 % 54.9 % 18,7 % -20,6 % -47,8 % Adjusted EBIT * Adjusted EBIT - margin , % * Cash flow from operating activities Earnings per share SEK , before and after dilution * Refer to " " Definition of Alternative key performance indicators " , page 22 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 . -33,2 % FY 2020 -56,8 % 1 216 977 17.4 114.7 1 737 701 -129 886 -10,7 359 192 29.5 145 325 11,9 91 508 7.5 101 743 8,4 116 108 -11,7