ABSOLENT AIR CARE GROUP AB INTERIM REPORT THIRD QUARTER 2021

Quarter 3 2021

· Net sales amounted to SEK 254.4 (191.1) million, which equals a growth of 33.1 (-33.1) %.

· Operating profit before amortizations of intangible assets (EBITA) amounted to SEK 38.4 (12.8) million with a margin of 15.1 (6.7) %.

· Operating profit (EBIT) amounted to SEK 13.1 (-6.5) million with a margin of 5.1 (-3.4) %. Amortizations of goodwill had an impact on EBIT of SEK -25.0 (-19.3) million.

· Earnings per share amounted to SEK 0.33 (-1.08).

· Cash flow from operating activities after changes in working capital amounted to SEK 13.4 (24.9) million.

January-September 2021

· Net sales amounted to SEK 757.1 (666.8) million, which equals a growth of 13.5 (-6.7) %.

· Operating profit before amortizations of intangible assets (EBITA) amounted to SEK 106.8 (3.1) million with a margin of 14.1 (0.5) %.

· Operating profit (EBIT) amounted to SEK 32.6 (-55.7) million with a margin of 4.3 (-8.4) %. Amortizations of goodwill had an impact on EBIT with SEK -73.2 (-59.6) million.

· Earnings per share amounted to SEK 0.57 (-6.79).

· Cash flow from operating activities after changes in working capital amounted to SEK 61.9 (46.3) million.

Further information

The complete interim report is available at

https://absolentgroup.com/investors/interim-reports/

This information is information that Absolent Air Care Group AB (publ.) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 08:00 a.m. CET on November 12, 2021.

For further questions please contact:

Axel Berntsson, President and CEO

Karin Brossing Lundqvist, CFO

Phone: +46 (0) 510 48 40 00

E-mail: [email protected]

The following documents can be retrieved from beQuoted
Press-release-Absolent-Air-Care-Group-Interim-Report-Jan-Sep.pdf
Absolent-Air-Care-Group-Interim-report-Jan-Sep-2021.pdf

Absolent Air Care Group AB is listed on Nasdaq First North Growth Market.

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