JANUARY 1 - DECEMBER 31, 2020 (compared with the corresponding period a year ago) Highest adjusted EBITA and highest adjusted EBITA margin ever Target raised for adjusted return on capital employed to above 17% by 2025 Net sales declined 5.6% to SEK 121,752m (128,975) Organic net sales declined 1.9% Sales were negatively impacted by the COVID-19 pandemic and related lockdowns In emerging markets, which accounted for 37% of net sales, organic net sales increased 2.6% Operating profit before amortization of acquisition-related intangible assets (EBITA) increased 16% to SEK 17,567m (15,127) Adjusted EBITA increased 11% to SEK 17,626m (15,840) Adjusted EBITA margin increased 2.2 percentage points to 14.5% (12.3) Adjusted return on capital employed increased 1.9 percentage points to 15.7% (13.8)