Interim report
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doro ● O Positive sales and profitabillity growth in the quarter The quarter in summary Doro's net sales amounted to SEK 406.9 million ( 332.3 ) , an increase of 22.4 percent . Net sales for business area Doro Care were SEK 146.6 million ( 124.9 ) , an increase of 17.4 percent and for business area Doro Phones were SEK 260.3 million ( 207.4 ) , an increase of 25.5 percent . ● ● Profit after tax for the period was SEK 12.9 million ( -3.3 ) and profit per share was SEK 0.54 ( -0.14 ) . Free cash flow before acquisitions was SEK 4.9 million ( 29.3 ) . January - June in summary Doro's net sales amounted to SEK 743.6 million ( 756.5 ) , a decrease of 1.7 percent . Net sales for business area Doro Care were SEK 284.6 million ( 255.2 ) , an increase of 11.5 percent and for business area Doro Phones were SEK 459.0 million ( 501.3 ) , a decrease of 8.4 percent . Gross margin increased to 37.4 percent ( 34.8 ) . For Doro Care , the gross margin decreased to 41.4 percent ( 44.9 ) and for Doro Phones the gross margin increased to 35.2 percent ( 28.8 ) . EBITDA amounted to SEK 51.6 million ( 38.0 ) , an increase of 35.8 percent . Operating profit ( EBIT ) amounted to SEK 30.8 million ( 7.8 ) , excluding restructuring costs and costs for the listing of business area Doro Care of SEK 9.3 million , corresponding to an operating margin of 7.6 percent ( 2.3 ) . Including restructuring costs and costs for the listing , EBIT amounted to SEK 21.5 million ( 7.8 ) with an operating margin of 5.3 percent ( 2.3 ) . Interim Report January - June 2021 Gross margin increased to 37.6 percent ( 34.2 ) . For Doro Care , the gross margin decreased to 41.5 percent ( 42.8 ) and for Doro Phones the gross margin increased to 35.1 percent ( 29.8 ) . EBITDA amounted to SEK 99.5 million ( 81.7 ) , an increase of 21.8 percent . Operating profit ( EBIT ) amounted to SEK 49.2 million ( 23.0 ) , excluding restructuring costs and costs for the listing of business area Doro Care of SEK 10.3 million , corresponding to an operating margin of 6.6 percent ( 3.0 ) . Including restructuring costs and costs for the listing , EBIT amounted to SEK 38.9 million ( 23.0 ) with an operating margin of 5.2 percent ( 3.0 ) . Profit after tax for the period was SEK 31.7 million ( 11.3 ) and profit per share was SEK 1.32 ( 0.47 ) . Free cash flow before acquisitions was SEK -42.7 million ( 7.3 ) . KEY FIGURES ( SEK million ) Net sales Sales growth , % EBITDA EBITDA margin , % EBIT EBIT margin , % Adjusted EBIT * Adjusted EBIT margin * , % Profit per share Equity ratio , % 2021 Quarter 2 406.9 22.4 51.6 12.7 21.5 5.3 30.8 7.6 0.54 56.2 2020 Quarter 2 332.3 -27.7 38.0 11.4 7.8 2.3 7.8 2.3 -0.14 52.1 * EBIT excluding restructuring costs and costs for the listing of business area Doro Care % 22.4 35.8 175.6 294.9 -487.1 2021 Jan - Jun 743.6 -1.7 99.5 13.4 38.9 5.2 49.2 6.6 1.32 56.2 2020 Jan - Jun 756.5 -18.3 81.7 21.8 10.8 23.0 3.0 23.0 3.0 0.47 52.1 Q2 % -1.7 69.1 113.9 181.1 2020 Whole year 1,689.3 -18.1 203.9 12.1 85.7 5.1 101.6 6.0 2.06 50.9 + 22.4 % Net sales 7.6 % Adjusted EBIT margin -1.7 % Net sales 6.6 % Adjusted EBIT margin