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INTERIM REPORT SEPTEMBER 2020 - MAY 2021 SUMMARY , SEK MILLION Revenue * Operating income * Profit / loss before tax Profit / loss after tax Earnings per share , SEK Cash flow from operating activities Operating margin , % Equity / assets ratio , % Equity / assets ratio , % excluding IFRS 16 3 MONTHS 1 Mar - 31 May 9 MONTHS 1 Sep - 31 May 2020/21 2019/20 2020/21 2019/20 FULL YEAR 1 Sep - 31 Aug 2019/20 1,023 580 2,505 2,632 2,794 1,024 580 2,520 2,640 2,839 112 -3 251 485 350 39 -10 153 387 287 0.60 -0.07 2.17 4.94 3.71 -93 -504 658 711 735 12 3 11 24 14 42 44 42 44 43 46 49 46 49 48 * ) With effect from Q2 2020/21 , all payments from SkiStar's customers for accommodation are recognised as revenue and the Company's payments to accom- modation owners are recognised as an operating expense on the line ' Goods for resale ' . The Company previously reported the difference between revenue from rental activities and payments to accommodation owners as net commission income under revenue . The comparative figures in this report have been restated ( see also under the heading ' Accounting policies ' in the notes to the financial statements on page 17 ) . POSITIVE THIRD QUARTER AND HISTORICALLY HIGH BOOKINGS - THE STAYCATION TREND CONTINUES • • Demand for mountain holidays has increased in Sweden during the season . In Norway , the coronavirus pandemic has meant closed national borders throughout the season with continuing strict entry and quarantine rules due to Covid - 19 . This has caused SkiStar to lose foreign guests throughout the season , which in turn has affected earnings negatively . • SkiStar is focusing on Scandinavia and has entered into an agreement to divest its share in St. Johann in Tirol . • SkiStar has deepened its collaboration with Peab on the management and development of properties in the Scandinavian mountains in the joint venture company Skiab Invest AB . • SkiStar is taking over the operation of six hotels and lodges in Scandinavian mountain resorts and forming a new business area . Third quarter • Net sales for the third quarter were SEK 1,023 ( 580 ) million , an increase of SEK 443 million ( 76 percent ) compared with the previous year . • Profit after tax amounted to SEK 39 ( -10 ) million , an increase of SEK 49 million ( 497 percent ) compared with the previous year . Earnings have been negatively affected by impairment of assets of SEK 108 million resulting from the signed sale agreement for the subsidiary St. Johanner Bergbahnen GmbH . • Earnings per share amounted to SEK 0.60 ( -0.07 ) . Nine - month period • Net sales for the nine - month period amounted to SEK 2,505 ( 2,632 ) million , a decline of SEK 127 million ( 5 percent ) compared with the previous year . • Profit after tax was SEK 153 ( 387 ) million , a decline of SEK 234 million ( 60 percent ) compared with the previous year . • Earnings per share amounted to SEK 2.17 ( 4.94 ) , a decline of 56 percent . Further information is avialable from : Stefan Sjöstrand , CEO tel +46 ( 0 ) 280 841 60 Anders Örnulf , CFO tel +46 ( 0 ) 280 841 60 Sälen VEMDALEN ÅRE HEMSEDAL TRYSIL St.Johann IN TIROL