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 increased by 53 percent in the first quarter compared to last year and amounted to SEK 842 M (550). The higher sales is explained by positive price and mix effects of 53 percent while tonnage was unchanged. The operating result increased to SEK 76 M (36). Adjusted for inventory gains of SEK 8 M (12), the underlying operating result increased to SEK 69 M (24).

The Swedish operations delivered a strong underlying operating result compared to last year driven by high steel prices and at the end of the quarter an increased demand from the construction industry after the pandemic had subsided. The aquisition of Hercules Rebar will strenghten BE Group’s offering of reinforcement in Sweden and means that production and storage capacity will be added close to the facility in Norrköpng.

In the Polish operations and in Lecor Stålteknik profitability improved as a result of higher occupancy and improved prices and our joint venture AMBE provided a slightly better operating result compared to last year.