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INTERIM REPORT JANUARY - MARCH 2021 storskogen " As an owner , we must always be structured and professional and aim to be top - class in everything we do . " Daniel Kaplan , CEO FIRST QUARTER ( 1 JANUARY - 31 MARCH 2021 ) • • • Net sales increased by 40 percent to SEK 2,892m ( 2,068 ) . Operating profit grew by 60 percent to SEK 232m ( 145 ) , equivalent to an operating margin of 8.0 percent ( 7.0 ) . Adjusted operating profit before amortisation of intangible non- current assets ( EBITA ) rose by 68 percent to SEK 271m ( 162 ) , equivalent to an adjusted EBITA margin of 9.4 percent ( 7.8 ) . POST BALANCE SHEET EVENTS • • • Profit for the period climbed 69 percent to SEK 171m ( 101 ) . • Earnings per share came to SEK 1.27 ( 0.97 ) . • • Cash flow from operating activities amounted to SEK 197m ( -94 ) . • Nine acquisitions have made since the end of the period , with combined annual sales of around SEK 1,290m . In addition , Storskogen has entered into an agreement on the acquisition of Wibe Cable Support from Schneider Electric , which is expected to be completed in the summer once approved by the competition authorities . On 4 May , Storskogen issued an unsecured bond of SEK 3,000m with a maturity of three years . The Annual General Meeting on 12 May resolved to pay a dividend of SEK 4.00 per Series B share and to carry out a share issue in the second quarter . • A share issue was carried out in January , with net proceeds of SEK 176m . 18 acquisitions were made during the quarter , with combined annual sales of around SEK 2,500m . Amounts in parentheses are for the corresponding period in 2020 . PERFORMANCE MEASURES Jan - Mar Jan - Mar SEK m Net sales Operating profit Operating margin , % EBITA , adjusted EBITA margin , adjusted , % 2021 2,892 2020 2,068 Change % Rolling 12 months Full year 2020 40 9,757 8,933 232 145 60 861 774 8.0 7.0 8.8 8.7 271 162 68 964 854 9.4 7.8 9.9 9.6 Profit after financial items 213 128 66 758 673 Profit for the period 171 101 69 643 574 Net debt / adjusted EBITDA ( 12 months ) 2.9 3.1 2.9 1.9 Total assets 14,600 8,912 14,600 12,002 Basic and diluted earnings per share , SEK 1.27 0.97 4.96 4.69 Return on equity , % 14.1 10.5 14.1 14.2 Return on capital employed , % 10.0 9.0 10.0 10.1 Equity / assets ratio , % 38.7 36.5 38.7 43.8 Cash flow from operating activities 197 -94 1,105 814 * For definitions of alternative performance measures in accordance with the ESMA guidelines , see definitions of performance measures . STORSKOGEN ⚫ INTERIM REPORT JANUARY - MARCH 2021 1