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21/22 EMBRACER + GROUP INTERIM REPORT 1 APRIL - JUNE 2021 EMBRACER GROUP AB ( PUBL ) REG NO . 556582-6558 OPERATIONAL EBIT INCREASED 79 % TO SEK 1,271 MILLION FIRST QUARTER , APRIL - JUNE 2021 ( COMPARED TO APRIL - JUNE 2020 ) > Net sales increased by 66 % to SEK 3,426.6 million ( 2,068.7 ) . > Net sales of the Games business area increased by 83 % to SEK 2,960.9 million ( 1,622.1 ) . THQ Nordic SEK 668.7 million ( 487.8 ) , Koch Media Publishing SEK 637.6 million ( 612.7 ) , Coffee Stain SEK 190.7 million ( 172.5 ) , Saber Interactive SEK 304.9 million ( 349.2 ) , DECA Games SEK 145.6 million ( - ) , Gearbox Entertainment SEK 437.0 million ( - ) and Easybrain SEK 576.4 million ( - ) . > Net sales of Partner Publishing / Film business area increased by 4 % to SEK 465.7 million ( 446.5 ) . > EBITDA increased by 59 % to SEK 1,532.2 million ( 965.2 ) , corresponding to an EBITDA margin of 45 % ( 47 % ) . > Operational EBIT increased by 79 % to SEK 1,271.3 million ( 711.8 ) corresponding to an Oper ational EBIT margin of 37 % ( 34 % ) . > Cash flow from operating activities amounted to SEK 617.3 million ( 732.3 ) . Investments in intangible assets amounted to SEK 828.7 million ( 494.5 ) . Free Cash Flow amounted to SEK -259.7 million ( 204.1 ) . > Adjusted earnings per share was SEK 2.30 ( 1.51 ) . > Organic growth in constant currency for the Games Business Area amounted to 10 % in the quarter . > Total game development projects increased 44 % to 180 ( 125 ) . > Total headcount increased 98 % to 7,886 ( 3,975 ) where total game developers increased 101 % to 6,387 ( 3,185 ) . EMBRACER GROUP AB ( PUBL ) | APRIL - JUNE 2021 Apr - Jun 2021 Apr - Jun 2020 Key performance indicators , Group Net sales , SEK m EBITDA , SEK m Operational EBIT , SEK m Cash flow from operating activities , SEK m Free cash flow , SEK m Total investments in intangible assets , SEK m Total game development projects Total internal and external game developers Total headcount Sales growth , % 66 EBITDA margin , % 45 Operational EBIT margin , % 37 In this report , all figures in brackets refer to the corresponding period of the previous year , unless otherwise stated . 3,426.6 1,532.2 1,271.3 617.3 -259.7 828.7 180 6,387 7,886 Apr 2020 Mar 2021 2,068.7 965.2 711.8 732.3 204.1 498.0 125 3,185 3,975 81 47 34 9,024.2 3,985.3 2,870.8 3,899.0 1,684.8 2,135.2 160 5,115 6,325 72 44 32 1