The year in brief
- Net sales decreased by 16% to SEK 3,672 M (4,359)
- The underlying operating result increased to SEK 96 M (94)
- The operating result amounted to SEK 39 M (88)
- Result after tax amounted to SEK 4 M (50)
- Cash flow from operating activities increased to SEK 341 M (200)
- Earnings per share amounted to SEK 0.33 (3.87)
- Decision was taken to centralize warehouse and production operations in Sweden to Norrköping and to close the warehouse in Malmö
- Decision was taken to centralize warehouse and production operations in the Baltics
- The Board of Directors proposes that no dividend (-) will be paid for the financial year of 2020
Net sales
Underlying operating result 1)
1) Operating result (EBIT) before items affecting comparability (see Note 6 and 7) and adjusted for inventory gains and losses (deductions for gains and additions for losses).
| Key data | 2020 | 2019 | Change | |
| Nyckeltal | 2020 | 2019 | Förändring | |
| Tonnage, thousands of tonnes | Tonnage, tusental | 307 | 340 | -10% |
| Net sales, SEK M | Nettoomsättning, MSEK | 3,672 | 4,359 | -16% |
| Operating result, SEK M 1) | Rörelseresultat, MSEK 1) | 39 | 88 | -56% |
| Operating margin, % | Rörelsemarginal, % | 1.1 | 2.0 | -0.9% |
| Underlying operating result 2) | Underliggande rörelseresultat 2) | 96 | 94 | 2.1% |
| Result after tax, SEK M | Resultat efter skatt, MSEK | 4 | 50 | -92% |
| Result per share, SEK | Resultat per aktie, SEK | 0.33 | 3.87 | -92% |
| Return on capital employed excl. IFRS 16, % | Avkastning på sysselsatt kapital exkl. IFRS 16. % | 2.3 | 5.6 | -3.3% |
| Net debt excl. IFRS 16, SEK M | Nettoskuld exkl. IFRS 16. MSEK | 156 | 373 | -58% |
| Net debt/equity ratio excl. IFRS 16, % 2) | Nettoskuldsättningsgrad exkl. IFRS 16. % 2) | 17 | 40 | -23% |
| Cash flow from operating activities, SEK M | Kassaflöde från löpande verksamheten, MSEK | 341 | 200 | 71% |
| Average number of employees | Medeltal anställda | 633 | 652 | -2.9% |
1) The operating result 2020 was impacted by items affecting comparability of SEK -40 M (-) related to the centralization of warehouse and production operations in Sweden and the Baltics.
2) Part of BE Group’s alternative performance measures which you can read more about in Alternative performance measures and Financial definitions.
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 | 2020 | 2019 | % |
| Inventory sales | Lagerförsäljning | 1,541 | 1,856 | -17% |
| Production service sales | Produktionsserviceförsäljning | 1,684 | 1,956 | -14% |
| Direct sales | Direktförsäljning | 447 | 547 | -18% |
| Total | Totalt | 3,672 | 4,359 | -16% |
| Sales by product area, SEK M | Försäljning per produktområde, MSEK | 2020 | 2019 | % |
| Long steel products | Långa produkter | 1,363 | 1,572 | -13% |
| Flat steel products | Platta produkter | 1,428 | 1,727 | -17% |
| Stainless steel | Rostfritt stål | 611 | 752 | -19% |
| Aluminium | Aluminium | 170 | 207 | -18% |
| Other | Övrigt | 100 | 101 | -1% |
| Total | Totalt | 3,672 | 4,359 | -16% |