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 increased by 70 percent in the fourth quarter compared to last year and amounted to SEK 744 M (439). The higher sales is explained by an increase in tonnage by 5 percent at the same time as steel prices were higher. The operating result increased to SEK 96 M (7). Adjusted for inventory gains and losses of SEK 16 M (0), the underlying operating result increased to SEK 80 M (7).

The Swedish and Polish operations delivered a strong underlying operating result compared to last year. The result development is mainly explained by increased demand from OEM customers and steel structure suppliers, rising steel prices and positive mix effects. Also our joint venture AMBE provided a strong operating result as a result of increased demand and high prices on thin sheets and coils. Lecor Stålteknik improved profitability as a result of higher order intake and occupancy.

Full-year 2021

Net sales increased by 47 percent compared to last year, amounting to SEK 2,625 M (1,782). Sales growth is explained by increase in tonnage of 14 percent, higher steel prices and positive mix effects. Operating result increased to SEK 282 M (-14).

Adjusted for inventory gains and losses of SEK 61 M (-11) and items affecting comparability of SEK 0 M (-35), the underlying operating result increased to SEK 221 M (32). The recovery in demand was clear both within the construction and manufacturing industries.