Segment reporting

Net sales by business area (SEK M)

2019
Oct-Dec
2018
Oct-Dec
2019
Full-year
2018
Full-year
2019
okt-dec
2018
okt-dec
2019
helår
2018
helår
Sweden & Poland Sverige & Polen 489 607 2,209 2,476
Finland & Baltics Finland & Baltikum 496 546 2,157 2,299
Parent Company & consolidated items Moderbolaget & koncernposter -1 1 -7 28
Group Koncernen 984 1,154 4,359 4,803

Net sales by business area and product group

2019 Sweden & Poland Finland & Baltics Parent company & consolidated items Total
2019
Oct-Dec
2019
Full-year
2019
Oct-Dec
2019
Full-year
2019
Oct-Dec
2019
Full-year
2019
Oct-Dec
2019
Full-year
2019 Sverige & Polen Finland & Baltikum Moderbolaget & koncernposter Totalt
2019
okt-dec
2019
helår
2019
okt-dec
2019
helår
2019
okt-dec
2019
helår
2019
okt-dec
2019
helår
Long steel products Långa produkter 231 1,013 130 560 0 -1 361 1,572
Flat steel products Platta produkter 136 665 240 1,062 0 0 376 1,727
Stainless steel Rostfritt stål 84 370 91 382 0 0 175 752
Aluminium Aluminium 17 76 35 136 -5 -5 47 207
Other Övrigt 21 85 0 17 4 -1 25 101
Total Totalt 489 2,209 496 2,157 -1 -7 984 4,359
2018 Sweden & Poland Finland & Baltics Parent company & consolidated items Total
2018
Oct-Dec
2018
Full-year
2018
Oct-Dec
2018
Full-year
2018
Oct-Dec
2018
Full-year
2018
Oct-Dec
2018
Full-year
2018 Sverige & Polen Finland & Baltikum Moderbolaget & koncernposter Totalt
2018
okt-dec
2018
helår
2018
okt-dec
2018
helår
2018
okt-dec
2018
helår
2018
okt-dec
2018
helår
Long steel products Långa produkter 277 1,096 139 587 0 0 416 1,683
Flat steel products Platta produkter 186 730 266 1,139 0 0 452 1,869
Stainless steel Rostfritt stål 94 418 107 423 3 31 204 872
Aluminium Aluminium 23 88 38 135 -8 6 53 229
Other Övrigt 27 144 -4 15 6 -9 29 150
Total Totalt 607 2,476 546 2,299 1 28 1,154 4,803

Net sales by country based on customer´s domicile (SEK M)

By country based on customer´s domicile (SEK M) 2019
Oct-Dec
2018
Oct-Dec
2019
Full-year
2018
Full-year
2019
okt-dec
2018
okt-dec
2019
helår
2018
helår
Sweden Sverige 477 594 2,156 2,431
Finland Finland 441 463 1,872 1,935
Other Övrigt 66 97 331 437
Group Koncernen 984 1,154 4,359 4,803

Shipped tonnage per segment (thousands of tonnes)

2019
Oct-Dec
2018
Oct-Dec
2019
Full-year
2018
Full-year
2019
okt-dec
2018
okt-dec
2019
helår
2018
helår
Sweden & Poland Sverige & Polen 37 49 168 187
Finland & Baltics Finland & Baltikum 40 44 173 190
Parent Company & consolidated items Moderbolaget & koncernposter 0 0 -1 0
Group Koncernen 77 93 340 377

Operating result (EBIT) per segment

(SEK M) 2019
Oct-Dec
2018
Oct-Dec
2019
Full-year
2018
Full-year
(MSEK) 2019
okt-dec
2018
okt-dec
2019
helår
2018
helår
Sweden & Poland Sverige & Polen 12 30 73 123
Finland & Baltics Finland & Baltikum 7 8 65 81
Parent Company & consolidated items Moderbolaget & koncernposter -11 -16 -50 -72
Group Koncernen 8 22 88 132

Operating margin per segment

2019
Oct-Dec
2018
Oct-Dec
2019
Full-year
2018
Full-year
2019
okt-dec
2018
okt-dec
2019
helår
2018
helår
Sweden & Poland Sverige & Polen 2.5% 4.9% 3.3% 5.0%
Finland & Baltics Finland & Baltikum 1.3% 1.5% 3.0% 3.5%
Parent Company & consolidated items Moderbolaget & koncernposter neg neg neg neg
Group Koncernen 0.8% 1.9% 2.0% 2.8%

Underlying operating result (uEBIT) per segment 1)

(SEK M) 2019
Oct-Dec
2018
Oct-Dec
2019
Full-year
2018
Full-year
(MSEK) 2019
okt-dec
2018
okt-dec
2019
helår
2018
helår
Sweden & Poland Sverige & Polen 14 26 79 104
Finland & Baltics Finland & Baltikum 6 7 65 68
Parent Company & consolidated items Moderbolaget & koncernposter -11 -16 -50 -55
Group Koncernen 9 17 94 117

Underlying operating margin per segment 2)

2019
Oct-Dec
2018
Oct-Dec
2019
Full-year
2018
Full-year
2019
okt-dec
2018
okt-dec
2019
helår
2018
helår
Sweden & Poland Sverige & Polen 2.9% 4.3% 3.6% 4.2%
Finland & Baltics Finland & Baltikum 1.1% 1.2% 3.0% 2.9%
Parent Company & consolidated items Moderbolaget & koncernposter neg neg neg neg
Group Koncernen 0.9% 1.4% 2.1% 2.4%

Depreciation per segment

(SEK M) 2019
Oct-Dec
2018
Oct-Dec
2019
Full-year
2018
Full-year
(MSEK) 2019
okt-dec
2018
okt-dec
2019
helår
2018
helår
Sweden & Poland Sverige & Polen 3 3 13 13
Finland & Baltics Finland & Baltikum 3 5 16 18
Parent Company & consolidated items Moderbolaget & koncernposter 21 2 84 7
Group Koncernen 27 10 113 38

Investments in tangible and intangible assets per segment

(SEK M) 2019
Oct-Dec
2018
Oct-Dec
2019
Full-year
2018
Full-year
(MSEK) 2019
okt-dec
2018
okt-dec
2019
helår
2018
helår
Sweden & Poland Sverige & Polen 13 6 17 16
Finland & Baltics Finland & Baltikum 2 3 7 18
Parent Company & consolidated items Moderbolaget & koncernposter 1 0 1 1
Group Koncernen 16 9 25 35

1) Operating profit/loss (EBIT) adjusted for inventory gains and losses and items affecting comparability. Inventory gains and losses are the differences between the cost of goods sold at acquisition value and the cost of goods sold at replacement cost. The Group’s internal model is used to calculate inventory gains and losses and has not been subject for review by the Group’s auditor.
2) Underlying operating result (uEBIT) as a percentage of net sales.

The comparative figures for 2018 are prepared according to previous accounting principles regarding leasing (IAS 17).