While the operating profit beat estimates, the company’s bottom line took a hit, swinging to a net loss of 340 million kronor compared to a 192 million kronor profit during the same period last year. Management attributed the pressure on operating income to a surge in raw material and logistics expenses, compounded by U.S. tariff costs and regional conflicts in the Middle East. A one-time tax recovery claim helped cushion the reported operating profit figure, preventing a sharper decline.

Looking ahead, the company softened its financial guidance. It now anticipates that the combined impact of sales volume, pricing, and product mix will be neutral for the full year, retracting previous projections of a positive contribution. Despite these headwinds, organic sales reached 33.92 billion kronor, edging past the 33.49 billion kronor expected by analysts.