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T !!! TRELLEBORG INTERIM REPORT JANUARY - MARCH 2021 STRONG START TO THE YEAR Continuing operations ■ Organic sales increased 5 percent in the quarter compared with the preceding year . Net sales during the quarter declined 3 percent , impacted by currencies , and amounted to SEK 8,219 M ( 8,482 ) . ■ EBIT , excluding items affecting comparability , rose 15 percent to SEK 1,350 M ( 1,173 ) , corresponding to an EBIT margin of 16.4 percent ( 13.8 ) . This was the best quarter to date for both EBIT and the EBIT margin . ■ Operating cash flow amounted to SEK 962 M ( 732 ) . The cash conversion ratio for the most recent 12 - month period amounted to 128 percent ( 103 ) . ■ Items affecting comparability for the quarter amounted to SEK 99 M ( neg : 36 ) and pertained to restructuring costs of SEK 45 M and the capital gain on the sale of properties of SEK 144 M. ■ Earnings per share , excluding items affecting comparability , totaled SEK 3.77 ( 3.04 ) . For the Group as a whole , earnings per share were SEK 4.07 ( 3.05 ) . The Businesses Under Development reporting segment was discontinued at the end of the quarter since its operations have been largely divested or are intended to be divested during 2021. The new organization is reflected in this report . Refer to page 9. The key figures in this report relate to continuing operations , unless otherwise stated . SEK M Continuing operations Net sales Organic sales , % EBIT , excluding items affecting comparability EBIT - margin , % Restructuring costs Capital gain on real estates Items affecting comparability EBIT Profit before tax , continuing operations Net profit , discontinuing operations Net profit , Group Earnings per share , SEK Q1 2021 Q1 2020 Change , % R12 2021 12M 2020 8,219 5 8,482 -3 -8 29,995 -6 30,258 -9 1,350 1,173 15 4,272 4,095 16.4 13.8 14.2 13.5 -45 -36 -327 -318 144 144 99 -36 -183 -318 1,449 1,137 27 4,089 3,777 1,417 1,081 31 3,847 3,511 4 37 17 50 1,104 827 33 2,988 2,711 Continuing operations 4.06 2.91 40 10.96 9.81 Discontinuing operations 0.01 0.14 -93 0.06 0.19 Group 4.07 3.05 Continuing operations , excluding items affecting comparability 3.77 3.04 Operating cash flow 962 Cash conversion ratio R12 , % As a result of the reorganization in March 2021 , comparative figures have been restated . For further information about Group's key figures , including discontinued operations , see pages 17-18 . 128 732 103 35 33 11.02 10.00 24 11.18 10.45 31 5,457 5,227 128 128 Published on April 22 , 2021 1 ( 23 )