Strong Organic Sales Growth
For the full year 2024, organic sales grew by 5.1%, driven by higher volume in all business areas, especially in Latin America. In Q4, organic sales increased by 11.5%.
Cost Reduction Success
Cost reduction efforts contributed to a positive earning effect of SEK4 billion for the year, with SEK2 billion in Q4 alone. The new organization has been successfully implemented with a significant reduction in headcount.
Positive Performance in Latin America
The business area reported an organic sales increase of 21.8% in Q4, mainly driven by higher volumes and positive mix, particularly in Brazil.
Improved Operating Income in Q4
Q4 operating income was SEK1.52 billion, corresponding to a margin of 2.8%. Excluding non-recurring items, it was SEK1.249 billion, up from negative SEK724 million last year, with a margin of 3.3%.