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Profoto Holding AB ( publ ) Interim Report January 1 - June 30 , 2021 Financial summary April - June 2021 • Net sales increased to SEK 172m ( 81 ) , an increase of 113.3 percent . Adjusted for currency effects , net sales increased by 131.3 percent . EBIT amounted to SEK 36m ( -23 ) and the EBIT margin to 20.9 percent ( -28.6 ) . Profoto ● Adjusted EBIT margin¹ for the quarter was 30.7 percent ( -36.6 ) . • Profit for the period increased to SEK 22m ( -21 ) . Cash flow from operating activities totaled SEK 54m ( 5 ) . Earnings per share ( before and after dilution ) ² amounted to SEK 0.56 ( -0.53 ) . Adjusted EBIT¹ improved to SEK 53m ( -30 ) . Adjustments for the quarter related to resetting of IPO expenses of SEK 17m . Adjustment for the second quarter 2020 related to received government grants of SEK 6m . Financial summary January - June 2021 • Net sales increased to SEK 325m ( 229 ) , an increase of 42.0 percent . Adjusted for currency effects , net sales increased by 55.2 percent . • EBIT amounted to SEK 76m ( -10 ) and the EBIT margin to 23.3 percent ( -4.4 ) . Adjusted EBIT¹ improved to SEK 100m ( -16 ) . Adjustments for the six - month period related to resetting of IPO expenses of SEK 25m . Adjustments for the six - month period previous year related mainly to received government grants of SEK 6m . ● Adjusted EBIT margin¹ for the six - month period was 30.9 percent ( -6.9 ) . • Profit for the period increased to SEK 54m ( -11 ) . • Cash flow from operating activities amounted to SEK 96m ( 44 ) . Earnings per share ( before and after dilution ) ² amounted to SEK 1.34 ( -0.27 ) . ● Significant events April - June 2021 The Board of Directors decided on financial targets³ : A constant currency annual organ ic growth rate of 10 percent , an EBIT margin of 25-30 percent and a dividend payout ratio exceeding 50 percent of net profit . On the Annual General Meeting on May 7 it was resolved to pay a total dividend of SEK 156m to the owner , Profoto Invest AB . The dividend was also paid during the reporting period . • The Parent Company ( Profoto Holding AB ( publ ) ) has made a bonus issue in which the share capital was increased to SEK 0.5m . • The Parent Company ( Profoto Holding AB ( publ ) ) carried out a share split , increasing the num ber of shares to 40,000,000 . In June the Parent Company ( Profoto Holding AB ( publ ) ) entered into a loan agreement for a RCF loan with a total credit limit of SEK 250m . The conditions for using the credit facility have been met in July . Significant events after the end of the period The Parent Company Profoto Holding AB ( publ ) has been listed on Nasdaq Stockholm's Mid - cap list with its first trading day on July 1 , 2021 . The former parent company Profoto Invest AB has exchanged all of its shares in Profoto Holding AB ( publ ) to its owners on July 5 , 2021 . 1 ) For information and explanations regarding alternative performance measures , see pages 19-20 . 2 ) Calculated based on 40,000,000 ordinary shares before and after dilution ( retroactive adjustment for periods prior to the second quarter of 2021 ) . 3 ) The financial targets are presented in detail on page 6 . Interim Report Net sales January 1 - June 30 , 2021 Q2 SEK172m Q2 2021 ( SEK 81m Q2 2020 ) Adjusted EBIT¹ SEK 53m Q2 2021 ( SEK -30m Q2 2020 ) Adjusted EBIT margin¹ This is a translation of the original Swedish interim report . In the event of a difference between the English translation and the Swedish original , the Swedish interim report shall prevail . 31 % Q2 2021 ( -37 % Q2 2020 ) 1