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Eltel Group Half - year report January - June 2021 Stockholm , Sweden , 27 July 2021 April - June 2021 Net sales EUR 210.4 million ( 245.5 ) . Total growth -14.3 % and organic growth¹ ) in segments -12.5 % Operative EBITA² ) EUR 4.4 million ( 2.8 ) and operative EBITA margin 2.1 % ( 1.2 ) Items affecting comparability EUR -0.1 million ( 20.4 ) from divestment of business Operating result ( EBIT ) EUR 4.3 million ( 23.1 ) and EBIT margin 2.0 % ( 9.4 ) Net result EUR 1.6 million ( 14.0 ) Earnings per share EUR 0.01 ( 0.09 ) , basic and diluted Cash flow from operating activities EUR 13.2 million ( 19.2 ) ● ● ● ● ● ● ● M € 1,200 1,000 800 600 400 200 0 Net sales and gross margin Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 2019 2019 2019 2020 2020 2020 2020 2021 2021 Net sales , rolling 12 months Gross margin , rolling 12 months Key figures EUR million Net sales Net sales growth , % Operative EBITA² ) Operative EBITA margin , % Operating result ( EBIT ) Return on operative capital employed ( ROCE ) , % Net working capital Net debt³ ) Number of employees , end of period Significant events after the reporting period On 8 July 2021 , Eltel announced its commitment to the Science Based Target initiative , SBTi . Committing to the SBTi shows our sustainability ambition is on a high level , we are working towards setting concrete and measurable goals , and we see sustainability as business - critical for Eltel . % 12 10 8 6 4 NO 2 January - June 2021 Net sales EUR 392.4 million ( 482.1 ) . Total growth -18.6 % and organic growth¹ ) in segments -15.5 % Operative EBITA² ) EUR 3.7 million ( 0.8 ) and operative EBITA margin 1.0 % ( 0.2 ) Items affecting comparability EUR -0.1 million ( 20.4 ) from divestment of business Operating result ( EBIT ) EUR 3.5 million ( 20.8 ) and EBIT margin 0.9 % ( 4.3 ) Net result EUR -1.0 million ( 9.2 ) Earnings per share EUR -0.01 ( 0.06 ) , basic and diluted Cash flow from operating activities EUR -4.2 million ( 14.4 ) Net debt³ ) EUR 88.4 million ( 86.4 ) ● ● ● ● ● ● ● M € 10 4.4 2.1 % 4.3 16.8 % -7.1 88.4 5,202 5 0 -5 -10 -15 ELTEL Operative EBITA Operative EBITA , quarterly Operative EBITA margin , rolling 12 months 2.8 1.2 % 23.1 -7.0 % -12.6 86.4 6,215 3.7 1.0 % 3.5 16.8 % -7.1 88.4 5,202 % 0.8 0.2 % 20.8 -7.0 % -12.6 86.4 6,215 NO 2 -3 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 2019 2019 2019 2020 2020 2020 2020 2021 2021 1 ) Adjusted for divested operations and currency effects . 2 ) Eltel follows the profitability of segments with Operative EBITA . Please see page 24 for definitions of the key ratios . 3 ) Refers to net debt excluding IFRS 16 leasing liabilities , as defined in financing agreement . See page 12 for calculation and page 24 for definition . 1 Apr - Jun 2021 Apr - Jun 2020 Jan - Jun 2021 Jan - Jun 2020 Jan - Dec 2020 210.4 245.5 392.4 482.1 938.0 -14.3 % -11.1 % -18.6 % -8.5 % -13.8 % 0 -1 -2 11.4 1.2 % 24.8 13.0 % -25.1 67.4 5,449 1 ( 26 )