Comments on the report

First quarter

Consolidated net sales increased by 8 percent compared to last year and amounted to SEK 1,226 M (1,138). The increase is mainly due to positive price and mix effects of 6 percent and currency effects of 2 percent. The positive price effect is due to significantly higher steel prices compared with the previous year.

Gross profit amounted to SEK 187 M (174), with a gross margin of 15.3 percent (15.3). The operating result amounted to SEK 55 M (46), corresponding to an operating margin of 4.5 percent (4.0). Adjusted for inventory gains of SEK 7 M (16), the underlying operating result amounted to SEK 48 M (30). The underlying operating margin thereby increased to 3.9 percent (2.6). Both closure of the operations in Eskilstuna and measures taken in Lecor Stålteknik improve the operating result in the period.

The Group´s sales growth and underlying operating result per quarter
The Group´s gross margin and gross profit per quarter