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2 ind Quarter 2021 Second quarter 2021 o Sales volume increased by 85.7 per cent to 131.4 ktonnes ( 70.8 ) and net sales to SEK 4,609 million ( 2,221 ) . Excluding acquisitions sales volume increased by 51.3 per cent to 107.1 ktonnes and net sales was SEK 3,876 million . HALF - YEAR REPORT 2021 Strong market conditions and all - time high sales volume in second quarter O Adjusted operating profit increased to SEK 309 million ( 42 ) and adjusted operating profit per tonne was 2.4 kSEK ( 0.6 ) . Excluding acquisitions , adjusted operating profit increased to SEK 261 million . O Profit for the period increased to SEK 226 million ( 1 ) and includes no items affecting comparability ( -5 ) . o Diluted earnings per share increased to SEK 2.12 ( 0.01 ) . o Cash flow before financing activities adjusted for expansion investments and acquisitions was SEK 334 million ( 238 ) . o Net debt decreased to SEK 3,532 million at 30 June 2021 ( SEK 3,690 million at 31 March 2021 ) , corresponding to 2.0 times adjusted EBITDA¹ , 2 ( 2.4 times at 31 March 2021 ) . Financial summary SEK million Sales volume , ktonnes Net sales Adjusted operating profit² Adjusted operating margin , % Adjusted operating profit per tonne , KSEK Operating profit Operating margin , % Profit for the period Earnings per share basic , SEK Earnings per share diluted , SEK 2021 131.4 4,609 309 6.7 2.4 309 6.7 226 2.12 2.12 239 Q2 2020 70.8 2,221 42 1.9 0.6 37 1.7 1 0.01 0.01 166 First half - year 2021 o Sales volume increased by 60.7 per cent to 258.1 ktonnes ( 160.7 ) and net sales to SEK 8,651 million ( 5,284 ) . Exclud ing acquisitions sales volume increased by 30.6 per cent to 209.9 ktonnes and net sales was SEK 7,240 million . O Adjusted operating profit increased to SEK 651 million ( 252 ) and adjusted operating profit per tonne was 2.5 KSEK ( 1.6 ) . Excluding acquisitions , adjusted operating profit increased to SEK 554 million . O Profit for the period increased to SEK 465 million ( 133 ) and includes items affecting comparability of SEK - 16 million ( -11 ) . Δ 85.7 % 107.5 % 638.3 % 4.8 ppt 1.8 O Diluted earnings per share increased to SEK 4.36 ( 1.56 ) . o Cash flow before financing activities adjusted for expansion investments and acquisitions was SEK 279 million ( 568 ) . 742.8 % 5.1 ppt n / a 2.12 2.11 44.0 % 2021 258.1 8,651 651 7.5 2.5 635 7.3 465 4.37 4.36 -10 44.2 3,532 G M Jan - Jun 2020 160.7 5,284 A 60.7 % 63.7 % 158.6 % GRÄNGES 252 4.8 1.6 240 164.3 % 2.8 ppt 4.5 133 248.6 % 1.56 1.56 347 42.9 3,247 GRÄNGES AB ( PUBL ) HALF - YEAR REPORT 2021 2.8 ppt 1.0 2.81 2.79 n / a 1.3 ppt 285 12 months rolling Cash flow before financing activities Equity to assets , % Net debt Return on capital employed , % ¹ Includes adjusted EBITDA for acquisitions as a part of Gränges Group for 12 months , see alternative performance measures page 24 for further information . 2 Adjusted for items affecting comparability , see Note 5 for further information . Full year Jul 2020 - Jun 2021 2020 448.1 350.6 14,375 11,008 1,048 648 7.3 5.9 2.3 1.8 979 584 6.8 5.3 695 363 7.18 4.21 7.16 -679 44.2 3,532 11.8 4.21 -322 43.7 3,292 8.1 A 27.8 % 30.6 % 61.6 % 1.4 ppt 0.5 67.6 % 1.5 ppt 91.2 % 2.97 2.95 n / a 0.5 ppt 240 3.7 ppt Page 1 of 26