Interim report
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Lindab International AB ( publ ) Interim Report January - June 2021 High sales growth and record strong results Demand was high during the second quarter and sales increased significantly compared with the corresponding quarter previous year . All business areas developed positively with organic sales growth and improved profitability . The two largest business areas , Ventilation Systems and Profile Systems , had the highest sales and the highest operating profit ever for a single quarter . All in all , this led to a record strong operating profit . Second quarter 2021 • Net sales increased by 24 percent to SEK 2,747 m ( 2,218 ) . Organic growth was 26 percent while currency had a negative impact on net sales by 4 percent . • Adjusted¹ ) operating profit increased to SEK 356 m ( 222 ) . • Operating profit increased to SEK 356 m ( 148 ) . • Adjusted¹ ) operating margin increased to 13.0 percent ( 10.0 ) . • Operating margin increased to 13.0 percent ( 6.7 ) . • Profit for the period increased to SEK 278 m ( 76 ) . • Earnings per share , before and after dilution , increased to SEK 3.64 ( 1.00 ) . • Cash flow from operating activities amounted to SEK 227 m ( 295 ) . Key Figures Net sales , SEK m Adjusted¹ ) operating profit , SEK m Operating profit , SEK m Adjusted¹ operating margin , % Operating margin , % Profit for the period , SEK m Earnings per share , before and after dilution , SEK 356 356 13.0 13.0 January - June 2021 Net sales increased by 10 percent to SEK 4,995 m ( 4,550 ) . Organic growth was 13 percent while currency had a negative impact on net sales by 4 percent . • Adjusted¹ ) operating profit increased to SEK 549 m ( 406 ) . • Operating profit increased to SEK 549 m ( 332 ) . • Adjusted¹ ) operating margin increased to 11.0 percent ( 8.9 ) . 278 3.64 • Operating margin increased to 11.0 percent ( 7.3 ) . • Profit for the period increased to SEK 418 m ( 212 ) . • Earnings per share , before and after dilution , increased to SEK 5.47 ( 2.78 ) . 2021 2020 Apr - Jun Apr - Jun 2,747 2,218 • Cash flow from operating activities amounted to SEK 287 m ( 321 ) . 222 148 10.0 6.7 76 1.00 Change , % 24 60 141 265 265 2021 2020 Change , Jan - Jun Jan - Jun % 4,995 4,550 10 -23 549 549 11.0 11.0 418 5.47 Cash flow from operating activities , SEK m 227 295 1 ) Adjusted operating profit / operating margin does not include significant one - off items and restructuring costs . See ' Reconciliations ' page 21 . 287 406 332 8.9 7.3 212 2.78 321 35 65 97 97 -11 Lindab