BUSINESS AREA
SWEDEN & POLAND

The business area includes the Group’s operations in Sweden consisting of the companies BE Group Sverige and Lecor Stålteknik, as well as the Polish operation BE Group Poland.

First quarter

Net sales decreased by 1 percent in the first quarter compared to last year and amounted to SEK 550 M (558). The slightly lower sales is explained by a decrease in tonnage by 5 percent at the same time as price and mix effects contributed positively by 4 percent. The operating result increased to SEK 36 M (-24). Adjusted for inventory gains and losses of SEK 12 M (-6) and items affecting comparability of SEK 0 M (-35), the underlying operating result increased to SEK 24 M (16).

BE Group Sverige delivered a stronger underlying operating result compared to last year. In the wake of the pandemic, tonnage decreased but was compensated by an increased gross margin through higher steel prices, inventory gains and a lower costs. The recovery within the automotive industry continued to be strong and the demand from the mining industry as well as subcontractors to the energy sector increased.

In the Polish operations and Lecor Stålteknik, profitability declined as a result of decreased volume. Our joint venture AMBE provided an increased operating result compared to last year, despite limited material availability, through higher steel prices and improved gross margin.