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MATALSKARE INTERIM REPORT JANUARY - MARCH 2021 ITAB JANUARY - MARCH 2021 ▸ Net sales increased by 7.6 % to SEK 1,523 million ( 1,416 ) ► Operating profit amounted to SEK 102 million ( 41 ) ► Profit after financial items amounted to SEK 69 million ( 27 ) ► Profit after tax amounted to SEK 50 million ( 18 ) ► Earnings per share amounted to SEK 0.38 ( 0.19 ) ▸ Cash flow from operating activities amounted to SEK 102 million ( 126 ) ► Net debt amounted to SEK 878 million ( 2,472 ) ► Net debt excl . lease liability decresed to SEK 222 million ( 1,741 ) In 2021 , non - recurring items impacted the profit after financial items by SEK - 14 million ( -12 ) . ▸ EBITDA excluding non - recurring items amounted to SEK 179 million ( 121 ) " The year started well with currency - adjusted growth of 13 percent , mainly driven by strong growth in Southern Europe , with largest increase in our largest customer category , Grocery . The acquisition of Cefla Retail Solutions contributed 9 percent and organic growth was 4 percent . Andréas Elgaard CEO & President Read more on pg . 3 IMPORTANT EVENTS JANUARY - MARCH 2021 ►ITAB's recapitalisation completed . . The rights issue has contributed SEK 768 million before equity issue costs The offset issue has contributed SEK 100 million to equity . All A shares have been reclassified to B shares ► Acquisition of 81 % of Cefla's business unit for retail solutions completed . THE GROUP IN SUMMARY For definitions , see p . 12 FIRST QUARTER Δ FULL YEAR APR - MAR ROLLING , 12 MONTHS JAN - DEC 2020 Δ 2021 2020 Net Sales , SEK millions 1,523 1,416 8 % 5,430 5,323 2 % EBITDA excl . non - recurring items , SEK millions 179 121 48 % 636 578 10 % EBITDA - margin , % 11.7 8.5 11.8 11.0 Profit after net financial items excl . non - recurring items 83 39 113 % 252 208 21 % Profit margin , % 5.4 2.7 4.5 3.9 Profit after tax , SEK millions 50 18 178 % 10 -22 ET Earnings per share , SEK 0.38 0.19 0.19 0.08 -0.21 0.29 Cash flow from operating activities , SEK millions 102 126 -19 % 787 811 -3 % Net debt , SEK millions 878 2,472 -1,594 878 1,748 -870 Net debt excluding lease liability , SEK millions 222 1,741 -1,519 222 1,092 -870 1 ITAB | INTERIM REPORT JANUARY - MARCH 2021 FINANCIAL INFORMATION