Q1 2021 Nolato AB Earnings Call Transcript
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Thank you, and welcome, everybody, to the presentation of Nolato's First Quarter 2021. This is Christer Wahlquist speaking. And I think that you all have our presentation in front of you. If we start on Page 2, the first quarter of 2021 was a record quarter for Nolato Group, and we did reach the strong sales and profit in our history so far. Sales amounted to more than SEK 2.6 billion, corresponding to a 22% increase in sales if we adjust for currency and acquisitions. We have -- of course, GW Plastics has been consolidated since September 1, and the integration is going according to plan.
During the quarter, we had a negative currency effect, mostly affecting the conversions. The EBITA profit increased to SEK 308 million in the first quarter in comparison to first quarter 2020, that was SEK 227 million. This is creating a margin of 11.6% for the group. So we consider that a strong margin. Cash flow during first quarter after investments are increased and improved in correspondence to last
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