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> DOMETIC QUARTERLY REPORT Q1 / 2021 Solna , April 23 , 2021 RECORD START TO THE YEAR FIRST QUARTER 2021 • Net sales were SEK 4,858 m ( 4,199 ) ; an increase of 16 % . Organic growth was 22 % . • • Operating profit before depreciation and amortization ( EBITDA ) was SEK 917 m ( 597 ) , representing a margin of 18.9 % ( 14.2 % ) . Operating profit ( EBIT ) before items affecting comparability was SEK 731 m ( 421 ) , representing a margin of 15.0 % ( 10.0 % ) . • Items affecting comparability were SEK -5 m ( -32 ) . · Operating profit ( EBIT ) was SEK 725 m ( 389 ) , representing a margin of 14.9 % ( 9.3 % ) . • Profit for the period was SEK 490 m ( 204 ) . • Earnings per share were SEK 1.66 ( 0.69 ) . • Cash flow for the period was SEK -2,181 m ( -112 ) impacted by a bond repayment , a tax settlement for a foreign dispute related to previous years and the acquisition of Twin Eagles . Operating cash flow was SEK -20 m ( 181 ) . • Net debt leverage at the end of the quarter was 2.3x ( 2.8x ) • Continued progress towards the 2021 sustainability targets and a new climate target to reduce CO2 emissions by 50 % set for 2030. See the Sustainability update on page 6 for more details . FINANCIAL OVERVIEW Q1 Q1 LTM FY SEK m Net sales 2021 2020 2021 2020 4,858 EBITDA 917 % of net sales 18.9 % 4,199 597 14.2 % 16,866 16,207 2,989 2,669 17.7 % 16.5 % Operating profit ( EBIT ) before items affecting comparability ( 1 ) 731 % of net sales 15.0 % 421 10.0 % 2,248 1,939 13.3 % 12.0 % Operating profit ( EBIT ) 725 389 2,216 1,880 % of net sales 14.9 % 9.3 % 13.1 % 11.6 % Profit ( loss ) for the period Earnings per share , SEK Cash flow for the period Operating cash flow ( 2 ) Core working capital 490 204 736 451 1.66 0.69 2.48 1.52 -2,181 -112 1,597 3,666 -20 181 2,057 2,258 4,193 3,890 4,193 2,952 Net debt leverage ROOC ( 1 ) See Note 5 Items affecting comparability . 2.3 33.1 % 2.8 26.3 % 2.3 2.0 33.1 % 26.9 % ( 2 ) Net cash flow from operations after investments in fixed assets and excluding income tax paid . Paid interest / received interest is a part of the net cash flow of financing . DOMETIC Q1 REPORT - SOLNA , APRIL 23 , 2021 | 1