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.

Second quarter

Net sales increased by 57 percent in the second quarter compared to last year and amounted to SEK 702 M (447). The higher sales is explained by an increase in tonnage by 36 percent at the same time as steel prices were higher. The operating result increased to SEK 56 M (12). Adjusted for inventory gains and losses of SEK 16 M (-2), the underlying operating result increased to SEK 40 M (14).

The Swedish operations delivered a stronger underlying operating result compared to last year with strong volume growth, mainly among OEM customers and steel structure suppliers. Our joint venture AMBE provided a strong operating result due to increased demand and high prices on thin sheets and coils.

In the Polish operations and Lecor Stålteknik, profitability declined as a result of detoriated price and mix effect.

First six months

Net sales for the first six months increased by 25 percent compared to last year, amounting to SEK 1,252 M (1,005). Operating result increased to SEK 92 M (-13). Adjusted for inventory gains and losses of SEK 28 M (-7) and items affecting comparability of SEK 0 M (-35), the underlying operating result increased to SEK 64 M (30). Tonnage increased by 13 percent and the recovery was clear both within the construction and manufacturing industries.