ANNUAL REPORT 2022
The year in brief
Net sales
SEK 6,875 M
(2021: SEK 5,388 M)
Underlying operating result
SEK 488 M
(2021: SEK 529 M)
Operating result
SEK 418 M
(2021: SEK 621 M)
Result after tax
SEK 324 M
(2021: SEK 495 M)
Cash flow from operating activities
SEK 204 M
(2021: SEK 32 M)
Result per share
SEK 24.96
(2021: SEK 38.10)
COMPANY REPORT 2022
QUALITY, FLEXIBILITY AND MORE CAPACITY
BE Group’s Annual Report 2022 is divided into two reports. The first report is the Company Report where you can read about the business, our offering and the business areas. 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 Company Report as a pdf by choosing Read more below.
STATEMENT FROM THE CEO
A YEAR OF LARGE FLUCTUATIONS
In a turbulent year with a large portion of external circumstances, BE Group delivers both its best and worst quarters measured in underlying result since the IPO. Regardless, the year is totaled as strong.
BUSINESS AREA SWEDEN & POLAND
AN EVENTFUL YEAR
The prevailing global situation, inflation, rising interest rates, energy prices that have skyrocketed and a steel market that has been on a price roller coaster. There is a lot to reflect on when summing up the past year. But one thing is certain: It’s been an eventful year!
BUSINESS AREA FINLAND & BALTICS
FOCUS ON DEVELOPMENT, GROWTH AND SUSTAINABILITY
Have we ever experienced a steel market characterized by as much uncertainty as in 2022? I don’t think so. At least not in the history of our life. Of course, the main cause of the market’s concern is the turbulent situation in the surrounding world which caused prices for materials and energy to skyrocket and also created an imbalance between supply and demand for steel.
SAFETY
WELL ON THE WAY – BUT NOT THERE YET!
No one shall get hurt at BE Group. That was the goal when, in September 2019, we adopted an ambitious new action plan to improve the safety on our facilities. The name Safety First explains exactly what this is all about: the safety of our employees should come first in ALL situations.
THIS IS BE GROUP
Welcome to one of northern Europe’s leading trading and service companies in steel, stainless steel and aluminum.
THE BE GROUP SHARE
Since 2006, BE Group AB has been listed on the NASDAQ Stockholm Exchange under the ticker BEGR. The company is included in the Basic Resources sector and has ISIN code SE0008321921.
At the end of 2022, BE Group had 12,101 shareholders, compared with 7,119 at the end of the previous year. AB Traction and Svedulf Fastighets AB were the two largest owners with, in total, approximately 50% of the shares.
Market capitalization end of year
SEK 1,051 M
(2021: SEK 1,724 M)
Highest price paid 2022
SEK 249.00
(2021: SEK 133.00)
P/E ratio
3.2
(2021: 3.4)
Closing balance 2022
SEK 80.80
(2021: SEK 132.50)
Lowest price paid 2022
SEK 64.40
(2021: SEK 36.40)
Yield rate
14.85%
(2021: 9.06%)