ANNUAL REPORT 2021
CUSTOMER SATISFACTION AND SALES CULTURE IN FOCUS
BE Group’s Annual Report 2021 is divided into two reports. The first report is the Corporate Report where you can read about the business, our offering, strategy, the Board of directors and Group management. The second report is the formal Annual Report with among others the Board of director’s report, Sustainability report, the financial stements and the Corporate governance report. You will find the formal Annual Report under each tab on this website and the Corporate Report as a pdf by choosing Read more below.
STATEMENT FROM THE CEO
A STRONG YEAR THAT PROVIDES STRENGTH FOR THE FUTURE
In 2021, BE Group delivered the best operating margin since the stock exchange listing in 2006. The recipe behind this is good employees who work hard, a focus on the customer experience and sales clearly seasoned with high material prices together with the major structural changes of recent years.
The steel industry currently accounts for about 10 percent of the world’s total CO2 emissions. Although most of these emissions originate from the actual production process, it is of the utmost importance that all actors – from producers and wholesalers to subcontractors and transporters – help reduce the sector’s climate impact.
The foundation for BE Group’s sustainability work is to create corporate social responsibility. This means that the Group will be working systematically and goal oriented to minimize the Company’s environmental impact and strive to be an economically, socially and ethically responsible actor.
The Group management team has began the work to map the business based on the global sustainable development goals in Agenda 2030 and has started working on a plan on what to do.
BOARD OF DIRECTORS’ REPORT
BE Group AB (publ) is a trading and service company in steel, stainless steel and aluminium. BE Group offers efficient distribution and value-adding production services to customers primarily in the construction and manufacturing industries. In 2021, the Group reported sales of SEK 5.4 billion. BE Group has approximately 630 employees, with Sweden and Finland as its largest markets.
A LONG-STANDING COMPANY
BE Group’s history began at the end of the 19th century, when brothers Hans and Jöns Edstrand founded Bröderna Edstrand. The family business was based in Malmö and mainly offered commercial steel to local industry. Trelleborg AB took over ownership in 1988 and, together with Nordic Capital, a jointly owned company was gradually formed, including Starckjohann Steel (founded in 1868) in Finland.
At the end of the 1990s, the Company established units in several countries around the Baltic Sea, including Denmark, Poland, Latvia, and Lithuania. The European expansion continued in the early 2000s and in 2006, after Trelleborg AB divested all of its shares, the Company was listed on the Stockholm Stock Exchange under the common Group name BE Group AB. In 2008, the joint venture alliance ArcelorMittal BE Group SSC AB was formed, and two years later, the Kungälv company Lecor Stålteknik was also incorporated into the Company.