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.

Fourth quarter

Net sales decreased by 20 percent in the fourth quarter compared to last year and amounted to SEK 489 M (607). The operating result amounted to SEK 12 M (30). Adjusted for inventory gains and losses and items affecting comparability of SEK -2 M (4), the underlying operating result amounted to SEK 14 M (26).

The distribution business in Sweden delivered a weaker underlying operating result compared to last year. The volume decreased at the same time as our joint venture with Arcelor Mittal generated a weaker result. The production business in Sweden & Poland also showed weaker development and delivered a significantly lower underlying operating result. Lower volumes and margin pressure in some segments contributed to the development. Lecor Stålteknik delivered a result of SEK -2 M (-5).

Full-year 2019

Net sales decreased by 11 percent compared to last year and amounted to SEK 2,209 M (2,476). Operating result amounted to SEK 73 M (123). Adjusted for inventory gains and losses and items affecting comparability of SEK -5 M (19), the underlying operating result amounted to SEK 79 M (104). The result weakened mainly due to the declining sales volumes and tonnage decreased by 10 percent compared to 2018. Lecor Stålteknik delivered a result of SEK -11 M (-6).

Business Area Sweden & Poland, sales growth and underlying operating result per quarter