ABSOLENT GROUP AB INTERIMREPORT FIRST QUARTER, 2021

Quarter 1, 2021

· Net sales amounted to 233.1 MSEK (279.1) which is a growth of -16.5 % (33.5)

· Operating profit before amortization of goodwill (EBITA) reached 26.4 MSEK (32.9) with a margin of 11.3 % (11.8).

· Operating profit after amortization of goodwill (EBIT) amounted to 2.7 MSEK (12.9) with a margin of 1.1 % (4,6). Amortizations of goodwill had an impact on EBIT with -23.7 MSEK (-20,1).

· Earnings per share amounted to -0.37 SEK (0.28).

· Cash flow from operating activities amounted 19.6 MSEK (-14.9)

Further information:

The complete interim report is available at

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

For further questions please contact:

MD and Group CEO Axel Berntsson +46 510 - 48 40 00

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

Certified Adviser for Absolent Group AB is Erik Penser Bank AB. +46 8-463 83 00.

Email: [email protected]

This information is information that Absolent 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 01:00 p.m. CEST on May 4, 2021.