The year in brief

  • Net sales increased by 10% to SEK 4,803 M (4,348), of which 4% organic tonnage growth.
  • The underlying operating result increased to SEK 117 M (82).
  • The operating result increased to SEK 132 M (57), including inventory gains of SEK 27 M (27).
  • Result after tax increased to SEK 80 M (24).
  • Cash flow from operating activities amounted to SEK 86 M (95).
  • Earnings per share increased to SEK 6.13 (1.87).
  • During 2018, the Group delivered the highest underlying operating result since 2011.
  • The decision was taken to exit the remaining operations in Prerov, Czech Republic.
  • An agreement was reached with the landlord regarding maintenance of the warehouse in Malmö and a new rental agreement was signed.
  • The Board of Directors proposes dividend of SEK 1.75 per share (-) for the financial year of 2018.
Net sales
Underlying operating result 1)

1) Operating result (EBIT) before items affecting comparability (see Note 7 and 8) and adjusted for inventory gains and losses (deductions for gains and additions for losses).

Key data 2018 2017 Change
Nyckeltal 2018 2017 Förändring
Tonnage, thousands of tonnes Tonnage, tusental 377 363 4%
Net sales, SEK M Nettoomsättning, MSEK 4,803 4,348 10%
Operating result, SEK M 1) Rörelseresultat, MSEK 1) 132 57 130%
Operating margin, % Rörelsemarginal, % 2.8 1.3 1.5%
Underlying operating result 2) Underliggande rörelseresultat 2) 117 82 43%
Result after tax, SEK M Resultat efter skatt, MSEK 80 24 229%
Result per share, SEK Resultat per aktie, SEK 6.13 1.87 229%
Return on capital employed, % Avkastning på sysselsatt kapital, % 9.4 4.2 5.2%
Net debt, SEK M Nettoskuld, MSEK 440 478 -8.4%
Net debt/equity ratio, % 2) Nettoskuldsättningsgrad, % 2) 49 60 -11%
Cash flow from operating activities, SEK M Kassaflöde från löpande verksamheten, MSEK 86 95 -10%
Average number of employees Medeltal anställda 668 700 -5%
1) The operating result has been impacted by items affecting comparability of SEK -12 M (-52), of which, SEK 4 M is attributable to the release of part of the provision related to maintenance of the warehouse in Malmö and SEK -16 M is attributable to the exit from the operations in Czech Republic.
2) Part of BE Group´s alternative performance measures which you can read more about in Alternative performance measures and Financial definitions.
Sales by business solution, SEK M Försäljning per affärslösning, MSEK 2018 2017 %
Inventory sales Lagerförsäljning 2,047 1,872 9%
Production service sales Produktionsserviceförsäljning 2,151 1,864 15%
Direct sales Direktförsäljning 605 612 -1%
Total Totalt 4,803 4,348 10%
Sales by product area, SEK M Försäljning per produktområde, MSEK 2018 2017 %
Long steel products Långa produkter 1,683 1,436 17%
Flat steel products Platta produkter 1,869 1,673 12%
Stainless steel Rostfritt stål 872 801 9%
Aluminium Aluminium 229 212 8%
Other Övrigt 150 226 -34%
Total Totalt 4,803 4,348 10%