Parent Company & consolidated items (including companies under restructuring)
| Key data | 2016 | 2015 |
| Shipped tonnage, thousands of tonnes | 23 | 62 |
| Net sales, SEK M | 135 | 368 |
| Change, % | -63.3 | -24.6 |
| Operating result (EBIT), SEK M 1) | -77 | -56 |
| Operating margin, % | neg | neg |
| Underlying operating result (uEBIT), SEK M 2) | -35 | -35 |
| Underlying operating margin, % | neg | neg |
| Investments, SEK M | 1 | 0 |
| Average number of employees | 50 | 70 |
1) The operating result 2015 has been impacted by write-down of assets of SEK -20 M. The operating result 2016 has been impacted by write-downs and restructuring costs of SEK -40 M related to the organizational change initiated in the beginning of the year.
2) Included as a part of BE Group’s alternative performance measures, see also tab Alternative performance measures.
Parent Company and consolidated items comprise of the Parent Company, Group eliminations and the operations that are under restructuring, namely; BE Czech Republic, BE Slovakia and RTS Estonia.
Development over the year
The restructuring, on which the Board of BE Group decided in the first quarter of 2016, is proceeding according to plan. At the end of the year a sale of the company’s property in the Czech Republic remained as well as the formal liquidation of the Slovakian company. No additional costs are expected to arise. The closure of the Group’s production operations in Estonia was completed earlier in the year. The Group’s distribution operations in Estonia are not affected. During the year, sales amounted to SEK 155 M (386). The operating result amounted to SEK -52 M (-32) and, adjusted for inventory losses and non-recurring items of SEK -41 M (-21), the underlying result was SEK -11 M (-11).
Parent Company
Sales for the Parent Company, BE Group AB (publ), amounted to SEK 25 M (34) during the period and derived from intra-Group services. The operating result amounted to SEK -26 M (-23), of which SEK 1 M (0) were non-recurring items related to personnel reductions. Net financial items, which were negatively impacted in both years by impairment of shares in subsidiaries and last year also by intra-Group receivables, amounted to SEK -50 M (-219). The result before tax was SEK -67 M (-230) and the result after tax was SEK -57 M (-224). At the end of the period, Parent Company equity amounted to SEK 558 M (615). During the year, the Parent Company invested SEK 1 M (0) in intangible assets. At the end of the year, cash and equivalents in the Parent Company amounted to SEK 9 M (13).
Continued development
The negative effects on the Net sales from the restructuring will remain during the first half of 2017. The cost savings will reach full power in the beginning of 2017.
* Write-down of assets SEK -20 M in Q3 2015 and SEK -40 M in Q1 2016.
* Underlying operating result (uEBIT) is the reported operating result before non-recurring items and adjusted for inventory gains and losses (deductions for gains and additions for losses). See also tab alternative performance measures.