Interim report
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Q1 Continued strong earnings , high growth rate and new acquisition Comments from the CEO Nobina's strong financial performance continued during the first quarter . We improved profitability , won five new contracts with a total contract value of about SEK 6.7 billion and continued to build on our leading position in service traffic through the acquisition of Telepass AB . We are well prepared for sustained green growth - organically and through acquisitions . First quarter • Net sales amounted to SEK 3,274 million ( 2,509 ) , an increase of 30.5 percent compared with the prior - year quarter , of which +29.1 percent was organic growth , -0.8 percent currency effects and +2.2 percent acquisitions . • EBITA amounted to SEK 255 million ( 89 ) . • EBIT amounted to SEK 236 million ( 70 ) . • Profit before tax amounted to SEK 191 million ( 31 ) . Profit after tax amounted to SEK 147 million ( 21 ) , and earnings per share totalled SEK 1.67 ( 0.24 ) before dilution . • Cash flow from operations was SEK 469 million ( 568 ) . Key metrics ( SEK million , except as otherwise indicated ) Net sales EBITDA EBITA EBIT EBT Adjusted EBT¹ Adjusted EBT margin Profit after tax Cash flow for the period NOBINA Q1 1 MARCH - 31 MAY 2021 Net debt / EBITDA Equity / assets ratio , % CO² target² ) 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 . REG . NO . 556576-4569 Significant events during and after the first quarter • New 10 - year contract won with Västtrafik in central Gothenburg worth SEK 2.1 billion . • An agreement was entered into in May for the strategic acquisition of Telepass AB , market leader for service traffic in Skåne . Nobina SEK 6.7 billion total contract value from contracts won in the quarter • New 8 - year contract won with Skånetrafiken in north - western Skåne worth SEK 1.6 billion . 30.5 % Net sales growth • Nobina has been awarded a new 10 - year contract with Sydtrafik in Kolding , Denmark valued at DKK 480 million . • Renewed and expanded 2 - year contract with the City of Stockholm won by Samtrans worth SEK 240 million . • Nobina was awarded a new 7 - year contract by HSL in Helsinki worth SEK 2.1 billion . 2 ) By 2030 , Nobina aims 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 per driven kilometre . • The Annual General Meeting adopted 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 . Malin Frenning was elected as new Board member while John Allkins declined re - election . Quarter Mar - May 2021 3,274 591 255 236 191 210 6.4 % 147 108 • After the end of the quarter , a new 10 - year contract was won with Västtrafik in Vänersborg and Trollhättan worth SEK 1.7 billion . Quarter Full year Mar - May 2020 Mar 2020 - Feb 2021 2,509 10,787 366 1,951 89 757 70 689 31 534 50 602 2.0 % 5.6 % 21 445 405 760 Mar - May 2021 61 % 31 May 2021 2.3x 18.2 Rolling 12 months Jun 2020 - May 2021 11,552 2,176 923 855 693 762 6.6 % 571 463 31 May 2020 3.3x 13.8 Full year Mar - May 2020 Mar 2020 - Feb 2021 n / a 61 % NOBINA Q1 1 MARCH - 31 MAY 2021 1