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Q4 NOBINA YEAR - END REPORT MARCH 2020 - FEBRUARY 2021 Nobina Strong earnings in a challenging market Comments from the CEO In 2020/21 , we reported our highest sales and strongest earnings ever , despite a very challenging situation . Sales , adjusted for currency , for the fourth quarter rose 11.4 percent and adjusted EBT more than tripled to SEK 129 million . Samtrans was responsible for a significant share of the earn- ings improvement . Additionally new contracts for extra or replacement traffic , retroactive reve- nue and continuing efficiency improvements supported profitability in our bus operations . It is with confidence we approach 2021 and an expected gradual return to earlier travel patterns . The fourth quarter • Net sales amounted to SEK 2,860 million ( 2,605 ) , an increase of 9.8 percent compared to the prior - year quarter , of which +10.1 percent was organic growth , -1.6 percent currency effects and +1.3 percent acquisitions . ⚫ EBITA amounted to SEK 171 million ( 89 ) . ⚫ EBIT amounted to SEK 156 million ( 64 ) . ⚫ Profit before tax amounted to SEK 114 million ( 10 ) . • Profit after tax amounted to SEK 111 million ( 0 ) , and earnings per share totalled SEK 1.25 ( 0.02 ) before dilution . • Cash flow from operations was SEK 611 million ( 422 ) . Full year 0.65 % interest margin on the new green bond 290 Covid - 19 testing stations set up by Samtrans • Net sales amounted to SEK 10,787 million ( 10,645 ) , an increase of 1.3 percent , of which +2.5 percent was organic growth , -1.5 percent currency effects and +0.3 percent acquisitions . ⚫ EBITA amounted to SEK 757 million ( 662 ) . ⚫ EBIT amounted to SEK 689 million ( 597 ) . • Profit before tax amounted to SEK 534 million ( 399 ) . • Profit after tax amounted to SEK 445 million ( 305 ) , and earnings per share totalled SEK 5.03 ( 3.47 ) before dilution . • Cash flow from operations was SEK 2,147 million ( 1,543 ) . Significant events during and after the fourth quarter • New 8 - year contract won with Skånetrafiken in Lund worth SEK 1.6 billion . • Strategic acquisitions of KE Buss and Göteborgs Buss completed in December 2020 . • Renewed confidence in Infosolutions , which , together with Samtrans , won the Public Health Agency of Sweden's procurement of national large - scale testing of covid - 19 for 2021 with four possible extensions of 3 months each . Key metrics ( SEK million , except as otherwise indicated ) Net sales • New green bond of SEK 200 million at a competitive interest rate of STIBOR 3 months plus 65 basis points . • The Board proposes a dividend of SEK 3.77 per share , corresponding to 75 percent of net profit or 63 percent if expressed according to our current dividend policy . EBITDA EBITA EBIT EBT Adjusted EBT¹ Adjusted EBT margin Profit after tax Cash flow for the period² ) Net debt / EBITDA Equity / assets ratio , % Quarter Full year Dec 2020 - Feb 2021 Dec 2019 - Feb 2020 Mar 2020 - Feb 2021 Mar 2019 - Feb 2020 2,860 2,605 10,787 10,645 501 357 1,951 1,764 171 89 757 662 156 64 689 597 114 10 534 399 129 35 602 464 4.5 % 1.3 % 5.6 % 4.4 % 111 0 445 172 114 760 305 -753 Quarter 28 Feb 2021 29 Feb 2020 2.6x 17.0 % Full year 3.1x 14.7 % Dec 2020 - Feb 2021 Dec 2019 - Feb 2020 Mar 2020 - Feb 2021 Mar 2019 - Feb 2020 CO² target³ ) A complete table of key metrics , including definitions , can be found on pages 23-24 . 1 ) Adjusted for income , costs and amortisations related to acquisition accounting effects . 61 % 2 ) Cash flow for the full year was positively impacted by the non - payment of a dividend , new acquistion - loan related to Samtrans and less cash - financed bus investments compared with the corresponding period in the previous year . 3 ) By 2030 Nobina aim to reduce carbon dioxide emissions per driven kilometre by 80 percent with 2015 as base year . The climate target refers to greenhouse gas intensity measured in carbon dioxide equivalents . REG . NO . 556576-4569 n / a 61 % n / a NOBINA YEAR - END REPORT MARCH 2020 - FEBRUARY 2021 • 1