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doro Interim Report January - March 2021 Strong margins despite continued corona impact The quarter in summary • • • Doro's net sales amounted to SEK 336.7 million ( 424.2 ) , a decrease of 20.6 percent . Q1 Net sales for business area Doro Care were SEK 138.0 million ( 130.3 ) , an increase of 5.9 percent and for business area Doro Phones were SEK 198.7 million ( 293.9 ) , a decrease of 32.4 percent . Gross margin increased to 37.7 percent ( 33.7 ) . For Doro Care , the gross margin increased to 41.5 percent ( 40.8 ) and for Doro Phones the gross margin increased to 35.1 percent ( 30.6 ) . • EBITDA amounted to SEK 47.9 million ( 43.7 ) , an increase of 9.6 percent . • • • Operating profit ( EBIT ) amounted to SEK 18.4 million ( 15.2 ) , excluding project costs for the separation and listing of business area Doro Care of SEK 1.0 million , corresponding to an operating margin of 5.5 percent ( 3.6 ) . Including project costs , EBIT amounted to SEK 17.4 million ( 15.2 ) with an operating margin of 5.2 percent ( 3.6 ) . Profit after tax for the period was SEK 18.8 million ( 14.5 ) and profit per share was SEK 0.78 ( 0.61 ) . Free cash flow before acquisitions was SEK -47.6 million ( -22.0 ) . -20.6 % Net sales 5.5 % Adjusted EBIT margin KEY FIGURES 2021 ( SEK million ) Quarter 1 2020 Quarter 1 2020 % Jan - Dec Net sales 336.7 424.2 -20,6 1,689.3 Sales growth , % -20.6 -9.0 -18.1 EBITDA EBITDA margin , % EBIT 47.9 43.7 9,6 203.9 14.2 10.3 12.1 17.4 15.2 14,5 85.7 EBIT margin , % 5.2 3.6 5.1 Adjusted EBIT * 18.4 15.2 21,1 101.6 Adjusted EBIT margin * , % 5.5 3.6 6.0 Profit per share 0.78 0.61 28,4 2.06 Equity ratio , % 56.4 50.2 50.9 * EBIT excluding project costs for separation and listing of business area Doro Care