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  • BE Group AB
    Box 225 201 22 MALMÖ
    +46 40384200
    http://www.begroup.com
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    BE Group streamlines – moves operations from Poland to Sweden and Finland

    BE Group’s Polish operations have mainly been a supplier for Swedish customers. BE Group has now decided to relocate the operations to Sweden and Finland and close the Polish operations. This will generate cost rationalization, increased capacity utilization and reduced CO\2\ footprint in the Group. BE Group’s Polish operations were established in 2001 and today has sales and production in Trebaczew. During 2023, the company's external turnover was 1.5% of the Group’s total turnover of SEK 5.3 billion. The closure will take place in the coming six months and affects approximately 80

    BE Group interim report January – September 2024

    Third quarter · Net sales decreased by 11% to SEK 1,057 M (1,187) · The underlying operating result increased to SEK 6 M (4) · The operating result increased to SEK 5 M (-42), including inventory losses of SEK -9 M (-40) and items affecting comparability of SEK 8 M (-6) · Result after tax increased to SEK 18 M (-42) · Cash flow from operating activities amounted to SEK -13 M (-17) · Earnings per share increased to SEK 1.36 (-3.27) Statement from the CEOA year ago, I wrote that “a lot of steel is needed even in worse times and now it is important to secure as many

    BE Group interim report January – June 2024

    Second quarter · Net sales decreased by 10% to SEK 1,272 M (1,406) · The underlying operating result amounted to SEK 18 M (33) · The operating result amounted to SEK 11 M (26), including inventory losses of SEK -7 M (-7) · Result after tax amounted to SEK 1 M (19) · Cash flow from operating activities amounted to SEK 21 M (132) · Earnings per share amounted to SEK 0.13 (1.47) Statement from the CEODuring the second quarter net sales decreased by 10 percent to SEK 1,272 M (1,406), which is mainly explained by lower market prices. The lower pricing has affected the

    New Managing Director at BE Group in Finland

    Petteri Korpioja has been recruited as new Managing Director for BE Group Oy Ab and will be a member of Group Management. Petteri most recently comes from a role as CEO at Saalasti Oy and has long experience from leading positions in both Finland and abroad. The current Managing Director, Lasse Levola, has decided to retire and is leaving BE Group after almost 20 years within the company. I am looking forward to welcome Petteri to our Group Management to continue developing the Finnish business. At the same time I would like to express my warm thanks to Lasse for a very good job and

    BE Group’s Annual General Meeting 2024

    BE Group’s Annual General Meeting 2024 was held today, Thursday April 18, at HighCourt in Malmö. The following principal resolutions were passed. Adoption of the result and balance sheet and discharge from liabilityThe Annual General Meeting resolved to approve the adopted statement of income and the balance sheet and the consolidated statement of income and consolidated balance sheet. The Board of Directors and the CEO was discharged from liability for the time period to which the report relates. Appropriation of the company’s profitThe Annual General Meeting resolved in

    BE Group Interim Report January – March 2024

    First quarter · Net sales decreased by 16% to SEK 1,305 M (1,558) · The underlying operating result increased to SEK 42 M (10) · The quarter was affected by items affecting comparability of SEK -27 M (-) related to closure of the operations in the Baltics · The operating result increased to SEK 4 M (1), including inventory losses of SEK -11 M (-9) · Result after tax amounted to SEK -4 M (-3) · Cash flow from operating activities amounted to SEK 44 M (226) · Earnings per share amounted to SEK -0.35 (-0.22) Statement from the CEONet sales fell by 16 percent to SEK

    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

    BE Group publishes the Annual Report for 2023

    BE Group’s Annual Report for 2023 has now been published and is available on the Group’s website, www.begroup.com. The Swedish version is also available in European Single Electronic Format (ESEF). For further information, please contact:Peter Andersson, President and CEOTel: +46 706 53 76 55, email: peter.andersson@begroup.com Christoffer Franzén, CFOTel: +46 705 46 90 05, email: christoffer.franzen@begroup.com This information is information that BE Group AB (publ) is obliged to make public pursuant to the Securities Market Act. The information was submitted for publication

    Annual General Meeting in BE Group AB

    Notice is given to the shareholders of BE Group AB (publ), reg. no. 556578-4724 of the Annual General Meeting to be held on Thursday April 18, 2024, at 4 pm CET, at HighCourt, Malmöhusvägen 1, in Malmö. Right to attendA person who wishes to participate in the annual general meeting must: · be listed in the share register kept by Euroclear Sweden AB on Wednesday 10 April 2024, and · give notice of attendance at the meeting to the company no later than Friday 12 April 2024, preferably before 12.00 noon.  In order to be entitled to participate in the annual general meeting, a

    The Nomination Committee’s proposal for Board of Directors in BE Group

    The Nomination Committee of BE Group AB (publ) prepare proposals to the Annual General Meeting on April 18, 2024, regarding number of Board members and election of chairman. The Nomination Committee proposes unchanged number of Board members of five elected members without any deputy members. Furthermore, the Nomination Committee proposes re-election of Board members Monika Gutén, Lars Olof Nilsson, Mats O Paulsson and Petter Stillström and new election of Anders Rothstein. Anders Rothstein is proposed as Chairman of the Board. Anders Rothstein is CEO of Elfa International and has

    BE Group Year-end Report 2023

    Fourth quarter · Net sales decreased by 20% to SEK 1,177 M (1,472) · The underlying operating result amounted to SEK -17 M (-50) · The operating result amounted to SEK -37 M (-119), including inventory losses of SEK -20 M (-69) · Result after tax amounted to SEK -34 M (-101) · Cash flow from operating activities amounted to SEK 150 M (152) · Earnings per share amounted to SEK -2.58 (-7.79) Statement from the CEOCash flow continued to be strong amounting to SEK 150 M (152) and increased to SEK 491 M (204) for the full-year. Lower material prices and pressured market

    BE Group interim report January – September 2023

    Third quarter · Net sales decreased by 22% to SEK 1,187 M (1,514) · The underlying operating result amounted to SEK 4 M (67) · The operating result amounted to SEK -42 M (40), including inventory losses of SEK -40 M (-27) and items affecting comparability of SEK -6 M (-) due to restructuring · Result after tax amounted to SEK -42 M (26) · Cash flow from operating activities amounted to SEK -17 M (-183) · Earnings per share amounted to SEK -3.27 (2.05) Statement from the CEOMarket conditions remained difficult, particularly in the construction sector, causing net

    BE Group is conducting a review of the organization for increased efficiency and a strengthened customer offering

    In order to increase efficiency and to close the gap between BE Group's customers and management, a review of the organization is ongoing. As a result of this, an agreement has been made with the current MD for the Swedish operations, Magnus Bosson, who will leave the company during this quarter. Given the current Group structure with a focus on the Nordic customers primarily in Sweden and Finland, Peter Andersson, President and CEO of BE Group, will also assume the role as MD for the Swedish operations. “Magnus has during his time at BE Group contributed positively to the company’s

    BE Group interim report January – June 2023

    Second quarter · Net sales decreased by 31% to SEK 1,406 M (2,044) · The underlying operating result amounted to SEK 33 M (291) · The operating result amounted to SEK 26 M (313), including inventory gains and losses of SEK -7 M (22) · Result after tax amounted to SEK 19 M (251) · Cash flow from operating activities increased to SEK 132 M (127) · Earnings per share amounted to SEK 1.47 (19.30) · A new credit agreement has been signed with a credit facility of SEK 775 M Statement from the CEOReduced demand, mainly from the construction industry, led to a decrease

    BE Group signs a long-term credit agreement of SEK 775 million

    On 1 June 2023, BE Group signed a new agreement with SEB regarding a credit facility of SEK 775 million. The agreement runs for three years with an option to extend for a further two years. This ensures long-term financing of the company's operations. For further information, please contact: Christoffer Franzén, CFO Tel: +46 705 46 90 05, email: christoffer.franzen@begroup.com BE Group AB (publ), which is listed on the Nasdaq Stockholm exchange, is a trading and service company in steel, stainless steel and aluminium. BE Group offers efficient distribution and value-adding

    SSAB and BE Group announce partnership for fossil-free steel

    BE Group — a steel service company operating in Sweden, Finland, the Baltic States and Poland — and SSAB have announced a partnership to identify significant new demands and opportunities for fossil-free steel in key markets served by BE Group, especially in manufacturing and construction. By identifying and preparing for upcoming fossil-free opportunities, the partnership will be well positioned to meet BE Group customers’ technical, sustainability, and communication needs. “We are extremely happy to welcome BE Group Oy as a fossil-free steel partner,” says Lotta Ruottinen, Sales

    BE Group’s Annual General Meeting 2023

    BE Group’s Annual General Meeting 2023 was held today, Thursday April 20, at Elite Hotel Savoy in Malmö. The following principal resolutions were passed. Adoption of the result and balance sheet and discharge from liability The Annual General Meeting resolved to approve the adopted statement of income and the balance sheet and the consolidated statement of income and consolidated balance sheet. The Board of Directors and the CEO was discharged from liability for the time period to which the report relates. Appropriation of the company’s profit The AGM resolved, in accordance

    BE Group interim report January – March 2023

    First quarter · Net sales decreased by 16% to SEK 1,558 M (1,845) · The underlying operating result amounted to SEK 10 M (180) · The operating result amounted to SEK 1 M (184), including inventory gains and losses of SEK -9 M (4) · Result after tax amounted to SEK -3 M (148) · Cash flow from operating activities increased to SEK 226 M (108) · Earnings per share amounted to SEK -0.22 (11.41) Statement from the CEOIn the first quarter, net sales decreased by 16 percent to SEK 1,558 M (1,845) and the underlying operating result was SEK 10 M (180). Inventory losses

    BE Group publishes the Annual Report for 2022

    BE Group’s Annual Report and Company Report for 2022 have now been published and are available on the Group’s website, www.begroup.com. The Swedish version is also available in European Single Electronic Format (ESEF). For further information, please contact:Peter Andersson, President and CEOTel: +46 706 53 76 55, email: peter.andersson@begroup.com Christoffer Franzén, CFOTel: +46 705 46 90 05, email: christoffer.franzen@begroup.com This information is information that BE Group AB (publ) is obliged to make public pursuant to the Securities Market Act. The information was

    Annual General Meeting in BE Group AB

    Notice is given to the shareholders of BE Group AB (publ), reg. no. 556578-4724 of the Annual General Meeting to be held on Thursday April 20, 2023, at Elite Hotel Savoy, Norra Vallgatan 62 in Malmö. Right to attendA person who wishes to participate in the annual general meeting must: · be listed in the share register kept by Euroclear Sweden AB on Wednesday 12 April 2023, and · give notice of attendance no later than Friday 14 April 2023, preferably before 12.00 noon, in accordance with the instructions.  In order to be entitled to participate in the annual general

    BE Group Year-end Report 2022

    Fourth quarter · Net sales decreased by 3% to SEK 1,472 M (1,510) · The underlying operating result amounted to SEK -50 M (135) · The operating result amounted to SEK -119 M (158), including inventory gains and losses of SEK -69 M (23) · Result after tax amounted to SEK -101 M (130) · Cash flow from operating activities increased to SEK 152 M (-115) · Earnings per share amounted to SEK -7.79 (10.00) · The Board of Directors proposes dividend of SEK 12 (12) per share for the financial year of 2022 to be paid in two installments; SEK 6 per share in April 2023 and SEK 6

    BE Group Interim report January - September 2022

    Third quarter · Net sales increased by 10% to SEK 1,514 M (1,375) · The underlying operating result amounted to SEK 67 M (193) · The operating result amounted to SEK 40 M (219), including inventory losses of SEK -27 M (26) · Result after tax amounted to SEK 26 M (175) · Cash flow from operating activities amounted to SEK -183 M (6) · Earnings per share amounted to SEK 2.05 (13.49) · Lecor Stålteknik was divested on July 1 · The acquisition of Goodtech Solutions Manufacturing AB was completed with take-over on September 1 Statement from the CEOThe prevailing

    BE Group’s operating result for the third quarter 2022 is estimated to SEK 40 M

    BE Group’s operating result for the third quarter 2022 has been negatively affected by the situation in the surrounding world. The Group’s net sales is expected to amount to approximately SEK 1,514 M (1,375) and the underlying operating result is expected to amount to approximately SEK 67 M (193). The operating result including inventory gains and losses is expected to amount to approximately SEK 40 M (219). Decreased volume and high costs for incoming material contributes to lower margins and thus a weaker result for the third quarter. A trend that, for the time being, is expected to

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