Interim report
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systemair Systemair AB ( publ ) Interim Report Q3 1 May 2020-31 January 2021 Net sales Q3 SEK 2,004 m . Third quarter , November 2020 - January 2021 Net sales decreased 6.7 percent , to SEK 2,004 million ( 2,147 ) mainly due to currency effects of -8.5 percent . Organic growth was 1.5 percent ( 1.8 ) . Operating profit ( EBIT ) totalled SEK 108 million ( 113 ) . The operating margin was 5.4 percent ( 5.2 ) . Profit after tax amounted to SEK 71 million ( 64 ) . Earnings per share totalled SEK 1.32 ( 1.20 ) . EBIT Q3 SEK 108 m . Significant events during the period under Cash flow from operating activities amounted to SEK 245 million ( 313 ) . review Nine months , May 2020 - January 2021 Net sales decreased 8.3 percent , to SEK 6,311 million ( 6,884 ) . Organic growth was -2.3 percent ( +4.0 ) . ■ Operating profit ( EBIT ) totalled SEK 504 million ( 569 ) . ■ The operating margin was 8.0 percent ( 8.3 ) . Profit after tax amounted to SEK 294 million ( 387 ) . Earnings per share totalled SEK 5.59 ( 7.36 ) . Cash flow from operating activities amounted to SEK 765 million ( 804 ) . New production facilities in Russian and the Czech Republic are under construction . In Canada , a new production property has been acquired . In January , Systemair acquired Servicebolaget , headquartered in Hudiksvall . The company is Systemair's nationwide service partner in home ventilation in the Swedish market . ■ Systemair is launching a new generation of the Topvex air handling units , together with a new series of heat pumps designed for commercial buildings and offering the market's lowest environmental impact . Sales remain negatively affected by government- ordered Covid - 19 related lockdowns in several countries . 2020/21 Nov - Jan 2019/20 Nov - Jan 2020/21 May - Jan 2019/20 May - Jan 2019/20 May - Apr 3 mths 3 mths 12 mths Net sales , SEK m . Growth , % Operating profit , SEK m . Operating margin , % 2,003.9 -6.7 2,146.7 6.4 108.0 112.6 -8.3 503.6 9 mths 6,310.7 9 mths 6,883.9 11.3 8,914.9 569.4 7.1 625.7 5.4 5.2 8.0 8.3 Profit after tax , SEK m . 70.9 64.5 294.3 387.2 7.0 385.3 Earnings per share , SEK 1.32 1.20 5.59 7.36 7.34 Operating cash flow per share , SEK 4.70 6.02 14.70 15.46 16.24