Releases - BE Group AB

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BE Group’s Annual General Meeting 2013

4/26/2013 11:30 AM EST
BE Group’s Annual General Meeting 2013 were held today, Friday 26 April, in the premises of Restaurang Hipp in Malmö. The following resolutions were passed.

Election of Board of Directors and Auditor
Anders Ullberg, Roger Bergqvist, Marita Jaatinen, Lars Olof Nilsson and Petter Stillström were re-elected as Board members. Anders Ullberg was also re-elected Chairman of the Board. Jörgen Zahlin was elected as a new...

BE Group Q1 – signs of improved demand

4/26/2013 1:30 AM EST

· Net sales fell by 23 percent compared with the year-earlier period, amounting to SEK 1,032 M (1,343). Shipped tonnage decreased by 18 percent.
· The operating result weakened to a loss of SEK 17 M (positive 41) and the underlying operating result amounted to SEK 14 M (51).
· Deliveries to the engineering sector rose and the proportion of production services continued to grow.
· Negotiations on the personnel...

BE Group’s Annual Report for 2012 published

3/26/2013 3:00 AM EST
The Annual Report for BE Group has now been published and is available on the Group’s website, www.begroup.com.

In his Message from the President, Kimmo Väkiparta states that “The year 2012 was tough for many in our sector. From customers, suppliers and competitors alike came gloomy signals of figures in the red and personnel lay-offs as a consequence of the recession.”

In the outlook for 2013, Kimmo Väkiparta,...

BE Group – notice of Annual General Meeting

3/25/2013 8:00 AM EST
The shareholders in BE Group AB (publ) are invited to attend the Annual General Meeting to be held on Friday 26 April 2013, at 3.00 p.m., in the premises of Restaurang Hipp, Kalendegatan 12 in Malmö.

Notice of attendance must be made no later than Monday 22 April 2013, preferably before 12.00 am.

As evident from the convening notice, the agenda of the Meeting include the following proposals:

· New election of...

BE Group transfers own shares

3/14/2013 4:00 AM EST
Based on the authorisation from the Annual General Meeting 2012, the Board of Directors for BE Group AB (publ) has resolved to transfer own shares on NASDAQ OMX Stockholm.

In order to hedge certain social security payments related to the share savings schemes resolved by the Annual General Meeting (“AGM”) 2010 and 2011, the AGM held on April 25, 2012 authorised the Board of Directors to resolve, on one or several...

BE Group year-end report 2012 – weak ending of the year

2/8/2013 1:45 AM EST

· Net sales decreased by 22 percent compared with the preceding year and
amounted to SEK 998 M (1,288). Shipped tonnage decreased by 14 percent.

· The operating result weakened to a negative SEK 42 M (positive 1) and
the underlying operating result to a negative SEK 33 M (positive 29).

· The basic operations in Sweden show an improved gross margin and
the proportion of production services continues to rise in...

BE Group initiates negotiations on personnel reductions to strengthen competitiv...

1/8/2013 2:30 AM EST
With the aim of strengthening the Group´s competitiveness, the steel service company BE Group will initiate negotiations on personnel reductions within the Group's operations in Sweden and Finland.

The number of employees is expected to be reduced by a total of approximately 140 full-time positions. In Sweden some 75 persons will be given notice. Within the Finnish operations, negotiations will simultaneously...

Change in composition of the Nomination Committee of BE Group AB

11/14/2012 8:00 AM EST
Information about BE Group's Nomination Committee and Annual General Meeting 2013 was made public on October 24 in connection with the release of the company’s report for the third quarter. As the largest shareholder of BE Group, AB Traction has now informed that Bengt Stillström will replace Petter Stillström as their representative.

Subsequent this change the Nomination Committee comprises the following people:

...

BE Group Q3 2012 – positive operating result despite weak demand and sharp fall ...

10/24/2012 1:45 AM EST

· Shipped tonnage decreased by 11 percent and net sales decreased as a consequence by 20 percent compared with the preceding year, amounting to SEK 1,020 M (1,268).
· The operating result amounted to SEK 6 M (13) and the underlying operating result to SEK 15 M (32).
· During the quarter, BE Group signed a new three-year credit agreement with the possibility of extending this by a total of two years.
· During...

Kimmo Väkiparta – new President and CEO of BE Group

10/11/2012 2:30 AM EST
The Board of BE Group AB has appointed Kimmo Väkiparta the new President and CEO of the company. Kimmo Väkiparta has experience in the steel industry and previous positions include CEO of Ovako Bar and CEO of Fundia Special Bar.

”We are very pleased to announce Kimmo Väkiparta as the new President and CEO of BE Group. Kimmo has extensive experience in the steel industry, which will be of great value to the...

BE Group AB

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BE Group, listed on the NASDAQ OMX Stockholm exchange, is a trading and service company in steel and other metals. BE Group provides various forms of service for steel, stainless steel and aluminium applications to custo...

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