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  • BE Group AB
    Box 225 201 22 MALMÖ
    +46 40384200
    http://www.begroup.com
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    BE Group Q3 2018 – Good growth and continued improved profitability

    Third quarter · Net sales increased by 15% to SEK 1,111 M (968). · The underlying operating result increased to SEK 26 M (22). · The operating result increased to SEK 33 M (19). · Result after tax increased to SEK 23 M (9). · Cash flow from operating activities amounted to SEK -10 M (97). · Earnings per share increased to SEK 1.73 (0.72). Statement from the CEO In the third quarter, the business showed good growth and improved profitability compared to previous year, net sales increased by 15 percent. The underlying operating result improved by 22 percent, which is

    BE Group Q2 2018 – Improved underlying operating result and cash flow

    Second quarter · Net sales increased by 14% to SEK 1,312 M (1,147). · The underlying operating result increased to SEK 26 M (21). · The underlying operating result and the operating result were affected by a provision for bad debt and inventory adjustment in the Baltics of SEK -12 M. · The operating result also included items affecting comparability of SEK -16 M, no cash flow impact, related to the exit of the operation in Prerov, Czech Republic. · Operating result increased to SEK 22 M (-13). · Result after tax increased to SEK 7 M (-14). · Cash flow from operating

    BE Group Q1 2018 – A strong start to the new year

    First quarter · Net sales increased by 8% to SEK 1,226 M (1,138) · The underlying operating result increased to SEK 48 M (30) · Operating result increased to SEK 55 M (46) · Result after tax increased to SEK 39 M (34) · Cash flow from operating activities amounted to SEK -1 M (37) · Earnings per share increased to SEK 3.03 (2.58). Statement from the CEO Comments on the periodDuring the first quarter 2018, the Group delivers the highest underlying operating result since the third quarter 2008. Positive effects have been achieved by both higher prices and improved

    BE Group Q3 2017 – Strongly improved underlying operating result

    • Net sales increased by 9 percent to SEK 968 M (892), excluding operations under restructuring, by 10 percent.• The underlying operating result increased to SEK 22 M (10).• The operating result amounted to SEK 19 M (26).• The result after tax was SEK 9 M (16).• Cash flow from operating activities amounted to SEK 97 M (-12), explained by a decrease in working capital due to timing effects.• Earnings per average number of shares amounted to SEK 0.72 (1.25).• The discontinuation of the operations in Eskilstuna has essentially been completed. CEOs MessageThe third quarter

    BE Group Q2 2017 – Continued and stable underlying operating result

    · Net sales increased by 10 percent to SEK 1,147 M (1,047), and by 15 percent excluding operations under restructuring. · The underlying operating result was at the same level as last year at SEK 21 M (21), despite fewer trading days. · The quarter was affected by non-recurring items of SEK -42 M related to the closure of the operations in Eskilstuna, the write-down of goodwill in Lecor and the reversal of part of the write-down of the participation in the joint venture ArcelorMittal BE Group SSC AB. · The operating result amounted to SEK -13 M (31). · The result after tax was

    BE Group Q1 2017 - Significantly improved operating result

    • Net sales rose 16 percent to SEK 1,138 M (978).• Tonnage excluding operations under restructuring increased by 9 percent.• The operating result improved to SEK 46 M (-45) .• The underlying operating result improved to SEK 30 M (9).• The profit after tax was SEK 34 M (-53).• Cash flow from operating activities was SEK 37 M (51).• Earnings per share amounted to SEK 2.58 (-4.07). CEOs MessageDuring the first quarter of 2017, we could see the effects of both rising prices and underlying margin improvements. This has had a positive effect on sales, while a higher underlying

    BE Group Q4 2016 - Volume growth on main markets and improved operating result

    • Net sales decreased by 3 percent, to SEK 953 M (981).• Tonnage excluding operations under restructuring increased by 4 percent.• The underlying operating result amounted to SEK -7 M (-12).• The operating result improved to SEK 4 M (-17).• The result after tax was SEK -2 M (-23).• Earnings per share amounted to SEK -0.20. CEOs MessageWe saw several positive signals from both the market and our internal work in the quarter. In general, the Distribution operations performed better than last year and showed improved results. In two of the Group’s companies involved in project-

    BE Group Q3 2016 – Strongly improved operating result

    • Net sales decreased by 8 percent to SEK 892 M (966).• Out of the decrease in net sales of SEK 74 M, SEK 63 M is attributable to the operations under restructuring.• The underlying operating result was unchanged at SEK 10 M.• The operating result improved to SEK 26 M (-117 whereof SEK -124 M is related to non-recurring items).• The result after tax was SEK 16 M (-133). • Earnings per share amounted to SEK 1.25. CEOs MessageComments on the quarterThe third quarter of 2016 is another step in the right direction for BE Group. Although a weak start of the quarter, we achieved a

    BE Group Q2 2016 – improved earnings and continued strong cash flow

    • Net sales decreased by 5 percent to SEK 1,047 M (1,104).• The underlying operating result improved to SEK 21 M (12).• The operating result improved to SEK 31 M (10).• The result after tax was SEK 19 M (-13).• Cash flow from operating activities was SEK 36 M (-28).• The number of shares was reduced following a reverse share split based on one new share for every 20 existing shares.• Earnings per average number of shares amounted to SEK 1.47. CEOs MessageComments on the periodThe effects of both rising prices and underlying margin improvements were seen in the second

    BE Group Q1 2016 – strong cash flow

    · Net sales fell by 11 percent, amounting to SEK 978 M (1,104). · The underlying operating result amounted to SEK 9 M (12). · Operating result, affected by non-recurring costs of SEK -45 M (0), amounted to SEK -45 M (10). · The result after tax was SEK -53 M (0). · Cash flow from operating activities was SEK 51 M (-54). · Earnings per average number of shares amounted to SEK -0.20 (0.00). · Decision to close the unprofitable parts of the operations in the Czech Republic and Slovakia.  CEOs MessageComments on the periodDevelopment in the first quarter was largely

    BE Group Q3 2015 – increased tonnage in Sweden and Finland, despite challenging market

    · Consolidated net sales decreased by 3 percent compared with the same period last year, amounting to SEK 966 M (998). · Shipped tonnage rose in both Business Area Sweden (up 9 percent) and Business Area Finland (up 3 percent). · The underlying operating result improved to SEK 10 M (6). · The operating result amounted to SEK -117 M (-3), affected by write-downs of assets of SEK 124 million. · The result after tax was SEK -133 M (-16). · Earnings per average number of shares amounted to SEK -0.51 (-0.22). “We are growing more than the market in both Sweden and Finland.

    BE Group Q2 2015 – continued positive development

    · Net sales decreased by 1 percent compared with the same period last year and amounted to SEK 1,104 M (1,112). · The two largest business areas, Sweden and Finland, increased net sales by 2 and 4 percent respectively. · The operating result improved to SEK 10 M (3). · The result after tax was SEK -13 M (-7). · Earnings per average number of shares amounted to SEK -0.12 (-0.10). BE Group’s acting President and CEO, Lars Engström, comments on the report: “The positive trend from the first quarter, with increased tonnage and improved net sales in our main markets continued

    BE Group Q1 2015 – increased sales and rising daily shipments

    · Net sales rose by 2 percent compared with the same period last year, amounting to SEK 1,104 M (1,083). · Shipped tonnage and net sales in both Business Area Sweden and Business Area Finland increased in comparison with the same period last year. · The operating result decreased to SEK 10 M (13). · The result after tax improved to SEK 0 M (-5). · Earnings per share amounted to SEK 0.00 (-0.10). · Following the end of the reporting period, Anders Martinsson was appointed as the new President and CEO. · Following the end of the reporting period, the Board of Directors

    BE Group Q3 2014 – market remains challenging

    · Net sales rose by 1 percent compared with the same period last year, amounting to SEK 923 M (916). Shipped tonnage decreased by 7 percent. · The operating result weakened to SEK -1 M (13) and the underlying operating result to SEK 7 M (18). · Cash flow after investments was SEK -8 M (-41). · Earnings after tax for the continuing operations were SEK -11 M (1) and from operations for sale SEK -5 M (-2). BE Group’s acting President and CEO, Lars Engström, comments on the report: “Following my first few months at BE Group, I can conclude that the market is still under

    BE Group Q2 2014 – lower cost base compensates for lower volume

    · Net sales fell by 6 percent compared with the year-earlier period, amounting to SEK 1,027 M (1,089). Shipped tonnage decreased by 10 percent. · The operating result amounted to SEK 4 M (5) and the underlying operating result to SEK 5 M (8). · The loss after tax for the continuing operations was SEK 5 M (7) and from operations for sale was SEK 2 M (1). BE Group's President and CEO, Kimmo Väkiparta, comments on the report: “The second quarter developed largely in accordance with the pattern established previously. The reduction in tonnage compared with the year-earlier period is

    BE Group Q1 2014 – improved earnings and signs of improved demand

    · Net sales fell by 3 percent compared with the preceding year, amounting to SEK 1,003 M (1,032). Shipped tonnage decreased by 4 percent. · The operating result improved to SEK 12 M (loss 17) and the underlying operating result improved to SEK 16 M (14). · In the first quarter, a rights issue with preferential rights for existing shareholders was completed. The rights issue was oversubscribed by 70 percent and raised SEK 154 M for BE Group after transaction costs. In addition, BE Group signed a new three year credit agreement with a total facility of SEK 1,250 M. The President and

    BE Group Q3 – increased operating result and continued improvements

    · Net sales fell by 10 percent compared with the year-earlier period, amounting to SEK 916 M (1,020). Shipped tonnage decreased by 6 percent. · The operating result rose to SEK 13 M (6) and the underlying operating result improved to SEK 18 M (15). · Profit after tax for the continuing operations was SEK 1 M (loss 5) and the operating loss from discontinued operations was SEK 2 M (85). · To increase the market focus on BE Group’s core operations in Sweden and Finland, a change in the organization of the Group was implemented during the quarter. · The Board of Directors will

    BE Group Q2 – continued positive signs

    · Net sales decreased by 14 percent compared with the preceding year and amounted to SEK 1,089 M (1,273). Shipped tonnage decreased by 7 percent. · The operating result amounted to SEK 5 M (21) and the underlying operating result to SEK 8 M (16). · During the quarter BE Group signed an agreement regarding divestment of the Group’s subsidiary in China. The divestment will be completed during the month of July. The sales price is approximately SEK 10 M and entails a small capital gain. The President and CEO of BE Group, Kimmo Väkiparta, comments on the report for the second quarter

    BE Group Q1 – signs of improved demand

    · 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 reductions that have been decided have now largely been concluded. The measures will generate an annual cost reduction of approximately SEK 65 M. Non-recurring costs totaling

    BE Group – lower sales and losses in CEE weighed down Q2 results

    · Net sales fell by 15 percent in the second quarter compared with the year-earlier period and amounted to SEK 1,357 M (1,597). Shipped tonnage decreased by 11 percent. · The operating result declined to SEK 13 M (66) and the underlying operating result amounted to SEK 7 M (43). · Following the end of the quarter, BE Group signed a new three-year credit agreement. The total credit facility amounts to SEK 1,400 M. · After the end of the reporting period, the Board of BE Group has decided to initiate a process to sell the operations in the Czech Republic. The President of BE Group,

    BE Group – positive margin trend in Q1

    • Net sales fell by 5 percent in the first quarter compared with the year-earlier period, amounting to SEK 1,436 M (1,519). Shipped tonnage decreased by 1 percent. • The operating result weakened to SEK 35 M (45), while underlying operating result amounted to SEK 43 M (47). • Profit after tax was SEK 19 M (23). • Earnings per share amounted to SEK 0.38 (0.46). • During the quarter, BE Group secured its largest production service order to date. BE Group has been assigned by Volvo Construction Equipment as the principal partner for plate processing for Volvo’s Arvika facility.

    BE Group Q3 2011 – decision regarding profitability improvements

    · In the third quarter, net sales rose by 12 percent compared with the year-earlier period, amounting to SEK 1,420 M (1,273). Shipped tonnage rose by 13 percent. · The operating result decreased to SEK 4 M (48), primarily as a consequence of inventory losses, currency effects and higher production costs. The underlying operating result amounted to SEK 23 M (32). · Strategic efforts to strengthen the production service offering long term is continuing and demonstrating positive effects. The establishment and build-out of service units in Finland and Poland progressed according to

    Q2 2011 - Continued growth for BE Group

    · In the second quarter, net sales rose by 14 percent compared with the year-earlier period, amounting to SEK 1,597 M (1,399). Shipped tonnage rose by 7 percent. · The operating result amounted to SEK 66 M (86), with an operating margin of 4.2 percent (6.2). · During the second quarter, a decision was made to make additional investments in Finland and Poland to strengthen BE Group’s production offering.The President and CEO of BE Group, Roger Johansson, made the following comments on the report for the second quarter of 2011: “Despite increased sales and improved profit

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