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" An integral part of our strategy for continued growth and value creation is to share best practice , capitalize on product development and drive scale efficiencies across the group . The successful expansion of the Ready - to - eat business , which has grown organically from net sales of MSEK 500 to BNSEK 2-3 since 2015 , has accentuated the rationale to follow up Ready to - cook and Ready - to - eat separately . ■ Stable development in a challenging environment Interim report Q1 2021 January - March 2021 Net sales amounted to MSEK 2,469 ( 2,479 ) in the first quarter 2021. At constant exchange rates net sales increased by 3 percent . Adjusted operating income ( Adj . EBIT ) ¹ ) increased by 17 percent to MSEK 88 ( 75 ) , corresponding to a margin of 3.5 ( 3.0 ) percent . Income for the period increased to MSEK 54 ( 35 ) . Earnings per share increased to SEK 0.84 ( 0.51 ) . Operating cash flow was MSEK 109 ( 95 ) . Scandi Standard Better Chicken for a Better Life Key metrics MSEK Net sales Adj . EBITDA¹ ) Adj . EBITA¹ ) Adj . EBIT¹ ) Non - comparable items¹ ) Net interest - bearing debt of MSEK 1,941 increased by MSEK 8 compared to the end of the previous quarter , mainly due to repurchase of own shares during the first quarter of MSEK 32 ( - ) . New segment reporting supporting our strategy for continued growth and value creation , focusing on the two reportable segments Ready - to - cook and Ready - to - eat , effective as of 1 January 2021 . New definition for treatment of items affecting comparability with stricter classification was introduced during the first quarter 2021 . See note 8 for further details and restated figures . Comparisons in this report are made against restated figures for the performance measures adjusted EBITDA and adjusted operating income ( Adj . EBIT ) . EBIT Finance net Income after finance net Income tax expense Income for the period Leif Bergvall Hansen , CEO Adj . EBITDA margin¹ ) % Adj . EBITA margin¹ ) % Adj . EBIT margin ¹ ) % EBIT margin % Earnings per share , SEK Adjusted return on capital employed¹ ) Return on equity Operating cash flow² ) Net interest - bearing debt Q1 2021 2,469 180 100 88 88 -16 71 -17 54 7.3 % 4.1 % 3.5 % 3.5 % 0.84 9.8 % 11.9 % 109 -1,941 2.5 1.53 31.8 Q1 2020 2,479 159 87 75 75 -33 41 -6 35 6.4 % 3.5 % 3.0 % 3.0 % 0.51 9.3 % 11.0 % 95 -2,134 2.8 1.54 29.6 % 0 % 14 % 15 % 17 % 17 % -51 % 72 % 182 % 54 % 65 % 15 % NIBD / EBITDA Feed efficiency³ ) LTI per million hours worked ( no ) ³ ) ¹ ) Restated non - comparable items . see note 6 and 8 . 2 ) Reclassification of cash flow effect for leasing assets has been made for the year and for comparative figures . 3 ) See definitions in the Overview -segment consolidation and KPIs section , page 4 . All comparison figures in this report are the corresponding quarter during the previous year , unless stated otherwise . -1 % -1 % R12M 9,931 777 471 422 -59 364 -74 290 -63 227 7.8 % 4.7 % 4.3 % 3.7 % 3.50 9.8 % 11.9 % 490 -1,941 2.5 1.52 31.2 2020 9,940 756 457 410 -59 351 -90 260 -52 208 7.6 % 4.6 % 4.1 % 3.5 % 3.16 9.7 % 11.5 % 476 -1,933 2.6 1.52 31.0 1