The business area includes the Group’s operations in Finland and the three Baltic States.

First quarter

Net sales increased by 5 percent in the first quarter compared to last year and amounted to SEK 565 M (539). Tonnage decreased by 5 percent compared with last year, which is mainly due to higher competition and price pressure on thin sheets. The operating result accordingly decreased to SEK 29 M (37). Adjusted for inventory gains of SEK 3 M (7), the underlying operating result amounted to SEK 26 M (30).

The distribution business in Finland delivered a weaker result in the period with lower volume and margin due to the described development in thin sheets. Business unit Production Finland and Business unit Distribution Baltics have higher net sales and deliver a profit in line with last year, mainly due to mix effects.

Business Area Finland & Baltics sales growth and underlying operating result per quarter