adminStaffan Dahlstrom
Co-Founder, CEO & President
Thank you. Good morning, everybody. Welcome to this quarter 1 call. It’s me Staffan Dahlstrom, CEO; and Joakim Nideborn, calling in from a crispy and sunny spring day in Halmstad. I think also this report is quite crispy and sunny, and we’re very pleased to present 3 sections, business update, I’ll do that, and then Joakim dive into the numbers, and we end up with a Q&A.
But if we look on the quarter 1 here, we are very pleased to see a fairly good momentum. We have good organic growth on sales, up 15%, a little bit of headwind on the weak Swedish currency at the moment. Joakim will talk more about that. But also order intake is organically growing double digit. And this combination of double-digit growth on both net sales and order intake, we are really pleased to see that, and we feel that the market is fairly strong, and it’s a broad good market, we feel.
We’re also happy to see that we are improving our profits on the EBITA level that we follow from the year — from this year. So EBITA margin, 27.2%, better than we expected. I think we’re seeing stable development on gross margin. We have kept OpEx on a flat level. And of course, this gives a good EBITA margin when we have good net sales growth. Cash flow continued to be strong, and this
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