History

BE Group has its roots in Sweden and Finland, where Bröderna Edstrand and Starckjohann & Co were founded towards the end of the 19th Century.

Business concept

BE Group offers efficient distribution and value-generating production services in steel, stainless steel and aluminium. By saving time, cost and capital for customers, BE Group helps them strenghten their competitiveness.

Vision

BE Group shall be the most professional, successful and respected steel services company.

Q1

Net sales, sek m

1,104 (1,083)

Operating result, SEK M

10 (13)

Important events

  • Net sales improved by 2 percent.
  • Shipped tonnage and net sales increased in both
    Business Area Sweden and Finland.
  • Result after tax improved to SEK 0 M (-5).

Q2

Net sales, sek m

1,104 (1,112)

Operating result, SEK M

10 (3)

Important events

  • Improved result due to better gross margin.
  • An oversubscribed rights issue brought BE Group
    SEK 244 M.
  • A new three-year credit agreement with a total
    facility of SEK 1,000 M was signed.

Q3

Net sales, sek m

966 (998)

Operating result, SEK M1)

8 (-3)

Important events

  • Increased tonnage in Sweden and Finland despite challenging market.
  • Write-down of assets of SEK 124 M.
  • Anders Martinsson commenced the position as
    President and CEO.

 

1) Excluding write-down of assets of SEK -124 M. Operating result including write-down of assets amounts to SEK -117 M (-3).

Q4

Net sales, sek m

981 (1,009)

Operating result, SEK M

-17 (-30)

Important events

  • Continous growth in Sweden.
  • Weak end of the year in Finland.
  • Decreasing prices for flat products.