Interim report
Page 1
Hemnet Group Interim report Q3 January - September 2021 Strong growth in net sales and adjusted EBITDA Summary for the period July - September 2021 Net sales increased 38.0 percent to SEK 195.8m ( 141.9 ) Adjusted EBITDA increased 61.6 percent to SEK 102.3m ( 63.3 ) Operating profit increased 93.7 percent to SEK 82.7m ( 42.7 ) ● ● Continued growth in number of published listings , that increased 5.3 percent compared to last year ARPL , average revenue per listing , increased 53.7 percent to SEK 2,642 ( 1,719 ) Summary for the period January - September 2021 Net sales increased 37.2 percent to SEK 550.8m ( 401.4 ) Adjusted EBITDA increased 75.5 percent to SEK 270.4m ( 154.1 ) Operating profit increased 83.0 percent to SEK 159.2m ( 87.0 ) New compensation model for real estate agent offices and segmented pricing model for Hemnet Bas launched on 1 March ● ● ● Initial public offering ( " IPO " ) on Nasdaq Stockholm , Large Cap list on 27 April Entered into a new SEK 500m revolving credit facility ( " RCF " ) on 27 April , and at the same time settled and repaid the previous credit facility Financial summary Jul - Sep ( SEK million , unless stated otherwise ) 2021 2020 Change Net sales Adjusted EBITDA * Adjusted EBITDA - margin * , % Operating profit * 195.8 141.9 38.0 % 102.3 63.3 61.6 % 52.2 % 44.6 % 7.6 pp 82.7 42.7 93.7 % Earnings per share , basic , SEK¹ 0.63 0.28 125.0 % Earnings per share , diluted , SEK¹ 0.63 0.28 125.0 % Alternative Performance Measure , see pages 21-23 for derivation and definitions . Jan - Sep 2020 Change 401.4 37.2 % 154.1 75.5 % 2021 550.8 270.4 49.1 % 159.2 87.0 83.0 % 1.06 0.53 100.0 % 1.05 0.53 98.1 % 38.4 % 10.7 pp Last twelve months ending Sep 2021 693.5 318.4 45.9 % 182.7 1.19 1.19 FY 2020 544.1 202.1 37.1 % 110.5 0.67 0.67 ¹ The calculation of dilution of shares is made based on a weighted average of the dilution from the warrant programmes that have been active during each respective period . As no market price is available to set against the exercise price and the number of warrants is limited in relation to the number of ordinary shares , the dilution effect for periods before Hemnets IPO on 27 April , 2021 , has been calculated based on the maximum theoretical dilution . For periods after 27 April , 2021 , the calculation of dilution is made based on the average share price during each respective period .