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Q2 April - June 2021 ■ ■ ■ Solid demand in the quarter . Constraints in the supply chain related to the Covid - 19 pandemic accelerated throughout the period leading to extended lead times and sourcing related production disturbances . Order intake increased + 13 % , currency adjusted strong growth of + 23 % , net sales increased + 3 % , currency adjusted + 13 % . Growth mainly driven by the battery sub - segments ( part of the industrial segment ) in business area AirTech and the swine segment in the US in business area Food Tech . Also , Services had good growth . The adjusted EBITA - margin at 14.2 % ( 14.7 ) , negatively impacted by constraints in the supply chain and business mix change . ■ Leverage ( net debt / adjusted EBITDA , LTM * ) was at 1.9x , the same level at per end of March 2021 . Net debt as of June 30 amounted to MSEK 2,209 compared to MSEK 2,208 at the end of March 2021. the second quarter a 5 - year re - financing was secured enabling execution of the long - term strategy . The strategy implementation with measures aiming at sharpening the customer offering and footprint optimization is progressing . A total of MSEK 89 was recorded as Items Affecting Comparability ( IACs ) in the quarter in business areas AirTech ( MSEK 15 ) and FoodTech ( MSEK 74 ) . The main part of the cost was recorded as provisions related mainly to product rationalization in Europe as well as a phase out of a 1st generation loT offering ( severance , warranty claims , inventory , etc. ) . In addition , costs were recorded as incurred related to consultancy services for the execution of the strategy implementation . Financial summary MSEK Order intake Net sales Operating profit ( EBIT ) Adjusted EBITA Adjusted EBITA margin , % Net income Earnings per share before dilution , SEK Earnings per share after dilution , SEK " Solid underlying demand , supply chain challenging " Average number of outstanding shares before dilution Average number of outstanding shares after dilution The KPI's below includes discontinued operations Net income Earnings per share before dilution , SEK Earnings per share after dilution , SEK Cash flow from operating activities Net debt Q2 84 0.46 0.45 159 2,209 January - June 2021 Strong , solid demand in the period . In some area the Covid - 19 pandemic led to increasing demand , whereas increasing shortages in the supply chain resulted in extended lead times and sourcing related production disturbances . 2021 2,118 1,822 147 259 14.2 84 0.46 0.21 0.45 0.21 182,016,452 181,745,802 182,798,778 181,745,802 ■ Leverage ( net debt / adjusted EBITDA , LTM * ) was at 1.9x , the same level at per end of December 2020 and lower than same period last year ( 2.7x ) . Order intake increased + 11 % , currency adjusted strong growth of + 22 % , and net sales increased + 3 % , currency adjusted + 13 % . Growth was mainly driven by the battery and pharma sub - segments ( part of the industrial segment ) in business area Air Tech and the swine segment in China and the US in business area Food Tech . Services had good growth . 2020 % 1,870 13 1,773 3 103 43 260 -1 14.7 38 0.20 0.20 The adjusted EBITA - margin at 13.3 % ( 11.7 ) . The improvement was mainly driven by increased net sales and high utilization rates , partly offset by supply chain constraints . 282 2,895 39 113 Net debt as of June 30 amounted to MSEK 2,209 compared to MSEK 2,116 at the end of December 2020 . Jan - Jun 2021 4,113 3,434 369 457 13.3 244 1.33 1.33 ✔ Munters 2020 A % 3,719 11 3,340 212 3 74 390 17 11.7 244 1.33 1.33 247 2,209 1.9 96 153 0.53 0.53 181,968,367 181,745,802 182,701,021 181,745,802 95 0.52 0.52 309 2,895 2.7 LTM * Jul - Jun 7,643 7,109 863 972 13.7 Full 575 3.13 3.12 896 2,209 1.9 year 2020 7,249 7,015 707 906 12.9 432 2.35 2.35 579 3.16 3.15 181,655,871 181,545,456 182,257,343 181,557,708 426 2.32 2.32 959 2,116 1.9 Net debt / Adjusted EBITDA , LTM * Last twelve months ** Discontinued operations is defined as the business connected to the Data Centers operations in Dison , Belgium , where the production ceased during fall 2019 but minor installation services reamained at customer sites during 2020. All income statement items in this report refers to Munters continuing operations , if not otherwise stated .