BUSINESS AREA
SWEDEN & POLAND

The business area includes the Group’s operations in Sweden consisting of the companies BE Group Sverige and the joint venture ArcelorMittal BE Group SSC AB. The closure of the Polish unit was completed during the second quarter.

Fourth quarter

Net sales decreased by 13 percent in the fourth quarter compared to last year and amounted to SEK 485 M (561). The decline is explained by negative price and mix effects of -6 percent, driven by a lower demand from the manufacturing industry, negative organic tonnage growth by -5 percent and closure of the Polish unit of -2 percent.

The operating result amounted to SEK -28 M (-46). Adjusted for inventory losses of SEK -2 M (-20) and items affecting comparability of SEK -1 M (-28), the underlying operating result amounted to SEK -25 M (1).

The Swedish operations provided a negative underlying operating result as a result of lower demand from the manufacturing industry, in combination with lower steel prices, which led to continued pressure on gross margin. Our joint venture AMBE continued to deliver a stable operating result despite a persistently challenging economic and market environment.

Full-year 2025

Net sales decreased by 10 percent compared to last year, amounting to SEK 2,187 M (2,423). The decline is explained by negative price and mix effects of -8 percent, closure of the Polish unit of -2 percent while the organic tonnage was unchanged. Operating result amounted to SEK -275 M (-32). Adjusted for inventory losses of SEK -8 M (-48) and items affecting comparability of SEK -245 M (-28), the underlying operating result amounted to SEK -22 M (44).

The closure of the unit in Arvika has been completed and operations has been moved to the main facility in Norrköping. The move of the Polish operations to Sweden and Finland was completed during the second quarter.