BE Group will close loss-making operations in the Baltics
BE Group OÜ, which includes sales unit and warehouse in Maardu (Estonia) and sales units in Riga (Latvia) and Kaunas (Lithuania) has, despite extensive improvement measures taken to reach profitability, continued to generate losses. Decision has therefore been taken to close operations in Baltics. Net sales in 2023 was SEK 268 M and the operating result amounted to SEK -10 M. The closure will take place during the second quarter and affects approximately 25 employees. One-off cost is estimated to amount to approximately SEK 35 M and will affect the result for the current year. The