BUSINESS AREA
FINLAND & BALTICS

The business area includes the Group’s operations in Finland. The Baltic unit was closed during 2024.

Fourth quarter

Net sales amounted to SEK 461 M (483) which is a decrease by 5 percent compared to the fourth quarter last year. It is explained by currency effects of -5 percent, negative organic tonnage growth of -4 percent partly compensated by positive price and mix effects of 4 percent.

The operating result amounted to SEK -20 M (-15) and adjusted for inventory gains and losses of SEK 3 M (-6) and items affecting comparability of SEK 1 M (-), the underlying operating result amounted to SEK -24 M (-10).

The Finnish market has started to recover. However, operations were still negatively affected by lower efficiency due to the transition to a new business system, which resulted in a negative result for the quarter, even though the development has gradually improved throughout the year.

Full-year 2025

Net sales decreased by 17 percent compared to last year, amounting to SEK 1,850 M (2,290). The decline is explained by negative organic tonnage growth of -12 percent, closure of the Baltic unit of -4 percent, negative currency effects of -3 percent and positive price and mix effects of 2 percent. Operating result amounted to SEK -263 M (-11). Adjusted for items affecting comparability of SEK -194 M (-19) and inventory gains and losses of SEK 6 M (-4), the underlying operating result amounted to SEK -75 M (12).