BUSINESS AREA
FINLAND & BALTICS
The business area includes the Group’s operations in Finland. The Baltic unit was closed during 2024.
First quarter
Net sales decreased by 20 percent in the first quarter compared to last year and amounted to SEK 495 M (621). It is explained by closure of the Baltic unit of -10 percent, decreased organic tonnage growth of -9 percent and negative price and mix effects of -1 percent. The operating result amounted to SEK -10 M (-21). Adjusted for inventory gains and losses of SEK -4 M (1) and items affecting comparability of SEK 0 M (-27), the underlying operating result amounted to SEK -7 M (4).
The Finnish operations generated a negative underlying operating result. Tonnage was negatively affected by a political strike during the quarter and sales were also negatively impacted in connection with the transition to a new business system in early March. The weak economy, decreased tonnage and lower steel prices resulted in continued pressure on the gross margin.
| Results overview | 2025 Jan-Mar | 2024 Jan-Mar | 2024 Full-year | |
| Resultatöversikt | 2025 jan-mar | 2024 jan-mar | 2024 helår | |
| Tonnage, thousands of tonnes | Tonnage, tusen ton | 32 | 39 | 140 |
| -of which organic tonnage, thousands of tonnes | – varav organiskt tonnage, tusen ton | 32 | 33 | 131 |
| Net sales, SEK M | Nettoomsättning, MSEK | 495 | 621 | 2,290 |
| Operating result, SEK M | Rörelseresultat, MSEK | -10 | -21 | -11 |
| Operating margin, % | Rörelsemarginal, % | -2.0 | -3.4 | -0.5% |
| Underlying operating result, SEK M | Underliggande rörelseresultat, MSEK | -7 | 4 | 12 |
| Underlying operating margin, % | Underliggande rörelsemarginal, % | -1.4 | 0.7 | 0.5% |