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Lantmännen Lantmännen's Interim Report January - April 2021 Lantmännen continues to show stable development Financial development • Net sales were MSEK 14,925 ( 15,730 ) , a decline of 5.1 percent ( 2.9 percent currency translation effects and 2.2 percent organic ) . • Operating income amounted to MSEK 543 ( 500 ) and adjusted for items affecting comparability MSEK 534 ( 500 ) . • Income after financial items was MSEK 489 ( 447 ) . • Cash flow before financing activities was MSEK 45 ( 489 ) . • Investments totaled MSEK 847 ( 631 ) . Significant events • Lantmännen's Annual General Meeting was conducted digitally on May 11. At the meeting , Jenny Bengtsson was elected as a new Board member . It was also decided to distribute the largest ever dividend to Lantmännen's members : MSEK 902 . ⚫ In April , the Bjertorp Farm of the Future in Västergötland , where innovative solutions for farming of the future are being tested , was inaugurated . • In April , Lantmännen issued a SEK 1 billion green bond on the Nasdaq stock exchange . • Lantmännen's President and CEO Per Olof Nyman has announced his intention to retire during 2022 . Lantmännen's key figures Net sales , MSEK Operating income , MSEK 2021 Jan - Apr 2020 Jan - Apr 2020 Jan - Dec 14,925 15,730 45,990 543 500 2,223 Operating margin , % 3.6 3.2 4.8 Income after financial items , MSEK 489 447 2,041 Net income for the period , MSEK 416 376 1,797 Cash flow before financing activities , MSEK 45 489 2,803 Return on equity , % 6.8 6.4 10.2 Return on operating capital , % 6.1 5.4 8.1 Investments in non - current assets , MSEK 847 631 1,795 Total assets , MSEK 41,811 42,381 39,331 Equity ratio , % 44.5 Net debt , MSEK 7,739 41.7 9,878 45.8 7,761 8.9 9,858 5.8 10,021 8.2 10,017 Interest coverage ratio , times Average number of employees Adjusted for items affecting comparability Operating income , MSEK Operating margin , % Income after financial items , MSEK Net income for the period , MSEK Return on equity , % Return on operating capital , % 534 500 2,223 3.6 3.2 4.8 480 447 2,041 409 376 1,797 6.7 6.4 10.2 6.0 5.4 8.1 Lantmännen's Interim Report January - April 2021 1