Interim report
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Systemair AB ( publ ) Interim Report Q2 1 May - 31 October 2021 First half - year , May - October 2021 Net sales increased by 9.0 percent to SEK 4,695 million ( 4,307 ) . Organic growth was +11.1 percent ( -4.1 ) . Operating profit ( EBIT ) totalled SEK 447 million ( 396 ) . The operating margin was 9.5 percent ( 9.2 ) . Profit after tax amounted to SEK 311 million ( 223 ) . Earnings per share totalled SEK 1.48 ( 1.07 ) . Cash flow from operating activities amounted to SEK 240 million ( 520 ) . ■ Second quarter August - October 2021 Net sales increased by 8.9 percent to SEK 2,404 million ( 2,207 ) . Organic growth was +9.1 percent ( -3.8 ) . Operating profit ( EBIT ) totalled SEK 238 million ( 214 ) . The operating margin was 9.9 percent ( 9.7 ) . Profit after tax amounted to SEK 154 million ( 141 ) . Earnings per share totalled SEK 0.74 ( 0.68 ) . Cash flow from operating activities amounted to SEK 240 million ( 285 ) . Significant events during the period under review Net sales , SEK m . Growth , % Operating profit , SEK m . Operating margin , % Profit after tax , SEK m . Earnings per share , SEK Operating cash flow per share , SEK 2021/22 Aug - Oct 3 mths 2,404.2 8.9 237.5 9.9 153.8 0.74 0.39 2020/21 Aug - Oct 3 mths 2,206.7 -11.1 213.5 9.7 141.4 0.68 1.37 systemair Net sales Q2 SEK 2,404 m . EBIT Q2 SEK 238 m . In July 2021 , Systemair acquired the remaining 50.1 percent of the shares in Burda WTG , Germany . Burda WTG is market leader in infrared heaters for outdoor applications . On 7 September 2021 , a 4 - for - 1 share split was carried out . Following the share split , the total number of shares in Systemair has increased from 52,000,000 shares to 208,000,000 shares . After the end of the period , all shares in Systemair Traydus in Brazil were sold . The sale of the company represents an impairment of SEK 22.5 million , which has been recognised in the operating result for the second quarter . 2021/22 2020/21 May - Oct May - Oct 6 mths 4,694.7 6 mths 4,306.8 -9.1 9.0 447.1 395.6 9.5 9.2 310.6 223.4 1.48 1.07 1.15 2.50 2020/21 May - Apr 12 mths 8,519.2 -4.4 676.7 7.9 410.6 1.95 4.78