BUSINESS AREA
FINLAND & BALTICS

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

Second quarter

Net sales increased by 43 percent in the second quarter compared to last year amounting to SEK 1,015 M (710). Sales growth is explained by positive price and mix effects of 53 percent, positive currency effects of 3 percent and negative organic tonnage growth of -13 percent. The operating result increased to SEK 187 M (108). Adjusted for inventory gains of SEK 5 M (9), the underlying operating result increased to SEK 181 M (99).

The Finnish operations provided a very strong underlying operating result compared to last year. The result development is explained by higher steel prices and strengthened gross margin.

The Baltic operations provided a positive result driven by high steel prices.

First six months

Net sales for the first six months increased by 60 percent compared to last year, amounting to SEK 2,028 M (1,266). The operating result increased to SEK 299 M (160) and adjusted for inventory gains of SEK 2 M (15), the underlying operating result increased to SEK 297 M (145). The development is mainly attributable to high steel prices. Tonnage decreased by -3 percent.