BUSINESS AREA
FINLAND & BALTICS

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

Fourth quarter

Compared to the fourth quarter last year, net sales increased by 77 percent to SEK 771 M (436). Sales growth is explained by an increase in tonnage by 4 percent and higher steel prices. The operating result increased to SEK 84 M (17). Adjusted for inventory gains of SEK 7 M (6), the underlying operating result improved to SEK 77 M (11).

The Finnish operations provided a strong underlying operating result compared to last year. The result development is explained by increased demand, higher steel prices, positive mix effects and increased gross margin.

The Baltic operations provided a positive result through higher steel prices and strengthend gross margin. The restructuring of the business that began last year was completed in the quarter.

Full-year 2021

Net sales increased by 47 percent compared to last year, amounting to SEK 2,790 M (1,896). The higher sales is explained by increase in tonnage of 10 percent, positive price and mix effects of 40 percent and negative currecy effects of -3 percent. The operating result increased to SEK 370 M (63) and adjusted for inventory gains and losses of SEK 31 M (-6) and items affecting comparability of SEK 0 M (-5), the underlying operating result increased to SEK 339 M (74). The development is attributable to increased demand, positive price and mix effects and strenghtend gross margin.

Business Area Finland & Baltics sales growth and underlying operating result per quarter