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Lantmännen Lantmännen's Interim Report January - August 2021 Higher earnings and sales growth for Lantmännen Financial development • Net sales amounted to MSEK 30,593 ( 30,509 ) , an increase of 0.3 percent ( 2.1 percent organic growth and -1.8 percent currency translation effects ) . • Operating income amounted to MSEK 1,457 ( 1,443 ) and adjusted for items affecting comparability MSEK 1,448 ( 1,443 ) . The Food Sector and the Real Estate Business Area reported improvements in operating income . • Income after financial items was MSEK 1,367 ( 1,320 ) . • Cash flow before financing activities was MSEK 119 ( 1,667 ) . • Investments amounted to MSEK 1,479 ( 1,166 ) . Significant events • Lantmännen's chemical - free seed treatment method , Thermo- Seed , has won the " European Award for Cooperative Innovation " . • Strategic investments in the grain value chain continue - during the four - month period , it was decided to invest in a new cold storage facility in Örebro and a new bakery line in Lappeenranta , Finland . • Lantmännen Agroetanol has signed a billion SEK contract with Eon to supply climate - friendly process steam to the Norrköping facility . • This year's Swedish harvest is lower than the average for the last five years , and grain quality is generally lower , mainly due to repeated and persistent rainfall in several areas . Lantmännen's key figures Net sales , MSEK 2021 May - Aug 2020 May - Aug 2021 Jan - Aug 2020 Jan - Aug 2020 Jan - Dec 15,668 14,779 Operating income , MSEK 914 943 30,593 1,457 30,509 1,443 45,990 2,223 Operating margin , % 5.8 6.4 4.8 4.7 4.8 Income after financial items , MSEK 878 873 1,367 1,320 2,041 Net income for the period , MSEK 746 759 1,162 1,135 1,797 Cash flow before financing activities , MSEK 74 1,178 119 1,667 2,803 Return on equity , % 12.0 13.2 9.4 9.7 10.2 Return on operating capital , % 10.1 10.4 8.1 7.8 8.1 Investments in non - current assets , MSEK 632 535 Total assets , MSEK Equity ratio , % 1,479 43,425 43.7 1,166 Net debt , MSEK 8,111 43,019 40.9 8,977 1,795 39,331 45.8 7,761 Interest coverage ratio , times Average number of employees 10.8 10,039 7.8 10,038 8.2 10,017 Adjusted for items affecting comparability Operating income , MSEK 914 943 Operating margin , % 5.8 6.4 1,448 4.7 Income after financial items , MSEK 878 873 1,358 Net income for the period , MSEK 746 759 1,155 1,443 4.7 1,320 1,135 2,223 4.8 2,041 1,797 Return on equity , % Return on operating capital , % 12.0 13.2 9.4 9.7 10.2 10.1 10.4 8.0 7.8 8.1 Lantmännen's Interim Report January - August 2021 1