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midsona INTERIM REPORT JANUARY - JUNE 2021 Improved gross margin in a quarter with challenging comparison figures April - June 2021 ( second quarter ) Net sales amounted to SEK 903 million ( 859 ) , but with challenges in organic growth as a result of the previous year's hoarding effects and increased household consumption . EBITDA amounted to SEK 78 million ( 97 ) before items affecting comparability , corresponding to a margin of 8.6 percent ( 11.3 ) . Profit for the period was SEK 24 million ( 40 ) , corresponding to earnings per share of SEK 0.37 ( 0.62 ) before and after dilution . Free cash flow amounted to SEK −35 million ( 84 ) . Midsona's targets for reduced emissions now agree with the levels required to meet the goals in the Paris agreement after approval from the international cooperative body Science Based Target initiative ( SBTi ) . January - June 2021 ( six months ) ● Net sales amounted to SEK 1,868 million ( 1,805 ) . ● EBITDA amounted to SEK 172 million ( 204 ) before items affecting comparability , corresponding to a margin of 9.2 percent ( 11.3 ) . ● Profit for the period was SEK 57 million ( 87 ) , corresponding to earnings per share of SEK 0.88 ( 1.34 ) before dilution and SEK 0.87 ( 1.33 ) after dilution . Free cash flow amounted to SEK -61 million ( 86 ) . April - June Key figures , Group¹ 2021 April - June 2020 Jan - June 2021 Jan - June 2020 Rolling Full year 12 months 2020 Net sales growth , % 5.1 21.8 3.5 21.1 11.1 20.4 Gross margin , before items affecting comparability , % 28.3 27.9 28.4 28.5 28.0 28.1 Gross margin , % 28.5 27.9 28.5 28.5 27.9 28.0 EBITDA - margin , before items affecting comparability , % 8.6 11.3 9.2 11.3 9.5 10.5 EBITDA margin , % 9.9 12.6 9.7 11.9 9.8 10.9 Operating margin , before items affecting comparability , % 4.3 7.2 5.1 7.4 5.4 6.6 Operating margin , % 4.7 8.5 5.1 8.0 5.5 6.9 Profit margin , % 3.3 6.1 3.9 6.3 4.3 5.5 Return on capital employed , % 5.6 6.6 Net debt , SEK million 1,716 1,310 1,716 1,310 1,716 1,584 Net debt / Adjusted EBITDA , multiple 4.9 4.2 Equity / assets ratio , % 45.0 47.6 45.0 47.6 45.0 45.1 1 Midsona presents certain financial measures in the Interim Report that are not defined under IFRS . For definitions and checks against IFRS , please refer to pages 17-19 of this interim report and to pages 150-153 in the 2020 Annual Report . TEKR FRIGGS DAVERT 腐 ALWAYS ORGANIC KUNG MARKATTA ALLTID EKOLOGISKT Vegetalia Earth Control Нарру Bi HELIOS Celnat Note : This is information such that Midsona AB ( publ ) is required to publish under the EU Market Abuse Regulation and the Financial Instruments Trading Act . This Interim Report was submitted under the auspices of Peter Åsberg and Max Bokander for publication on 22 July 2021 at 8:00 a.m . CET . For further information Peter Åsberg , CEO +46 730 26 16 32 Max Bokander , CFO +46 708 65 13 64 MIDSONA AB ( PUBL ) * CORPORATE IDENTITY NUMBER 556241-5322 INTERIM REPORT JANUARY - JUNE 2021 · 1