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Sold units in Russia / CIS up 31 % in recovering market Record first quarter operating result and margin despite currency headwinds Growing aftermarket sales in Germany Continued investments in service network and organisation Strong cash flows as working capital remains low Credit facility with Nordea renewed and expanded SEK M Revenue A FERRONORDIC Interim report January - March 2021 Selected key Group ratios * Operating profit Result for the period Earnings per share Best first quarter to date Gross margin Operating margin Q1 2021 1,267 80 56 3.85 17.0 % 6.3 % Q1 2020 1,118 51 20 1.39 21 % 4 % -33 16.3 % 4.6 % Return on capital employed Working capital / Revenue Net debt / ( cash ) * Definitions and purposes of the key ratios are presented on page 26 . % 13 % 57 % 176 % 176 % 23 % 13 % 531 1