The year in brief
- Net sales increased by 28% to SEK 6,875 M (5,388)
- The underlying operating result amounted to SEK 488 M (529)
- The operating result amounted to SEK 418 M (621), including inventory gains and losses of SEK -70 M (92)
- Result after tax amounted to SEK 324 M (495)
- Cash flow from operating activities increased to SEK 204 M (32)
- Earnings per share amounted to SEK 24.96 (38.10)
- In March, the assets of Hercules Rebar was acquired
- In June, the shares of Goodtech Solutions Manufacturing AB, now BE Group Produktion Arvika AB, was acquired
- In July, Lecor Stålteknik AB was divested
- The Board of Directors proposes dividend of SEK 12 (12) per share for the financial year of 2022 to be paid in two installments; SEK 6 per share in April 2023 and SEK 6 per share in October 2023
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 | 2022 | 2021 | Change | |
| Nyckeltal | 2022 | 2021 | Förändring | |
| Tonnage, thousands of tons | Tonnage, tusental | 320 | 342 | -22 |
| Net sales, SEK M | Nettoomsättning, MSEK | 6,875 | 5,388 | 1,487 |
| Operating result, SEK M | Rörelseresultat, MSEK | 418 | 621 | -203 |
| Operating margin, % | Rörelsemarginal, % | 6.1 | 11.5 | -5.4 |
| Underlying operating result 1) | Underliggande rörelseresultat 1) | 488 | 529 | -41 |
| Result after tax, SEK M | Resultat efter skatt, MSEK | 324 | 495 | -171 |
| Result per share, SEK | Resultat per aktie, SEK | 24.96 | 38.10 | -13.14 |
| Return on capital employed excl. IFRS 16, % | Avkastning på sysselsatt kapital exkl. IFRS 16. % | 20.3 | 42.0 | -21.7 |
| Net debt excl. IFRS 16, SEK M | Nettoskuld exkl. IFRS 16. MSEK | 357 | 241 | 116 |
| Net debt/equity ratio excl. IFRS 16, % 1) | Nettoskuldsättningsgrad exkl. IFRS 16. % 1) | 21.7 | 17.0 | 4.7 |
| Cash flow from operating activities, SEK M | Kassaflöde från löpande verksamheten, MSEK | 204 | 32 | 172 |
| Average number of employees | Medeltal anställda | 654 | 621 | 33 |
1) 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 | 2022 | 2021 | % |
| Inventory sales | Lagerförsäljning | 2,809 | 2,284 | 23% |
| Production service sales | Produktionsserviceförsäljning | 3,185 | 2,384 | 34% |
| Direct sales | Direktförsäljning | 881 | 720 | 22% |
| Total | Totalt | 6,875 | 5,388 | 28% |
| Sales by product area, SEK M | Försäljning per produktområde, MSEK | 2022 | 2021 | % |
| Long steel products | Långa produkter | 2,825 | 2,081 | 36% |
| Flat steel products | Platta produkter | 2,803 | 2,213 | 27% |
| Stainless steel | Rostfritt stål | 893 | 757 | 18% |
| Aluminium | Aluminium | 256 | 219 | 17% |
| Other | Övrigt | 98 | 118 | -17% |
| Total | Totalt | 6,875 | 5,388 | 28% |