Page 1

INTERIM REPORT , January - March 2021 Helsingborg , 27 April 2021 NORDIC WATERPROOFING Strong quarter with 4 acquisitions First quarter of 2021 • • Consolidated net sales increased by 5 percent to SEK 704 m ( 670 ) , organic growth amounted to 2 percent , acquisitions with 7 percent and currency had a negative impact of -4 percent . Net sales in Product & Solutions amounted to SEK 563 m ( 539 ) and in Installation Services to SEK 152 m ( 151 ) Gross profit increased to SEK 183 m ( 158 ) , • Gross margin increased to 26.1 % ( 23.7 % ) • EBITDA increased to SEK 50 m ( 32 ) , EBITDA • • • • margin increased to 7.1 % ( 4.8 % ) Operating profit ( EBIT ) increased to SEK 22 m ( 2 ) , EBIT margin increased to 3.1 % ( 0.4 % ) ROCE increased to 15.9 percent ( 15.6 ) Cash flow from operating activities decreased to SEK -88 m ( -86 ) Earnings per share before and after dilution were SEK 0.47 ( -0.37 ) and SEK 0.47 ( -0.37 ) , respectively Financial key ratios Amounts in SEKm unless otherwise stated Q1 2021 Q1 2020 Change Net sales Gross profit Gross margin % EBITDA EBITDA margin , % 704 183 26.1 % 50 670 5 % 158 16 % R12 2021 3,337 954 12M 2020 23.7 % 2.4pp 28.6 % 3,303 929 28.1 % 32 56 % 473 455 7.1 % 4.8 % 2.3pp 14.2 % 13.8 % EBIT EBIT margin , % 22 2 796 % 357 337 3.1 % 0.4 % 2.8pp 10.7 % 10.2 % Return on capital employed , % n / a n / a n / a 15.9 % 15.6 % Net profit 11 -9 n / a 273 253 Cash flow from operating activities -88 -86 n / a 460 462 Net debt * 515 793 -35 % 515 274 Earnings per share before dilution , SEK 0.47 -0.37 n / a 11.44 10.60 Earnings per share after dilution , SEK 0.47 -0.37 n / a 11.35 10.52 Conference call A conference call for investors , analysts and media will be held today , 27 April 2021 , at 10:00 a.m. CEST and can be joined online at www.nordicwaterproofing.com . Presentation materials for the call will be available on the website one hour before the call . To participate , please dial : From the United Kingdom : From Denmark : From Sweden : +44 33 3300 9271 +45 78 72 32 51 +46 8 505 583 73 Unless otherwise stated , figures within parentheses refer to the preceding year or the corresponding period in the preceding year in respect of income statement and / or cash flow items and the end of the preceding year in respect of balance sheet items . For definitions and reconciliations of financial and alternative key performance indicators , please see page 24 - 25 NORDIC WATERPROOFING HOLDING AB Rönnowsgatan 12 252 25 Helsingborg , Sverige PAGE 1 OF 26 Organisationsnummer : 556839-3168 investors@nordicwaterproofing.com www.nordicwaterproofing.com