BUSINESS AREA
FINLAND & BALTICS

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

First quarter

Compared to the first quarter last year, net sales decreased marginally by 1 percent and amounted to SEK 562 M (565). Tonnage increased by 1 percent at the same time as the lower steel prices had a negative impact. The operating result increased to SEK 23 M (14) mainly due to a strong development in the Finnish operations. Adjusted for inventory losses of SEK -6 M (-3), the underlying operating result amounted to SEK 29 M (17).

The Finnish operations provided increased net sales and gross margin as well as a strong underlying operating result compared to last year, as a result of increased efficency in the production operations and increased volume in a tough but growing market.

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