The year in brief
Result development in summary
- Net sales decreased by 16% to SEK 3,934 M (4,667)
- The underlying operating result amounted to SEK -113 M (51)
- The period was affected by items affecting comparability of SEK -471 M (-47) mainly related to write-down of goodwill and capitalised expenses for a new business system and restructuring
- The operating result amounted to SEK -586 M (-49), including inventory losses of SEK -2 M (-53)
- Result after tax amounted to SEK -538 M (-42)
- Cash flow from operating activities amounted to SEK 2 M (105)
- Earnings per share amounted to SEK -35.54 (-3.21)
- The Company entered into an updated credit agreement of SEK 775 M with a term of three years with the option to extend it by one year at a time for an additional two years
- An oversubscribed rights issue was completed with net proceeds amounting to SEK 135 M
- Peter Andersson left as President and CEO and Johan Wiig assumed the position on February 2 2026
| Key data | 2025 | 2024 | Change | |
| Nyckeltal | 2025 | 2024 | Förändring | |
| Tonnage, thousands of tonnes | Tonnage, tusental | 241 | 271 | -30 |
| Net sales, SEK M | Nettoomsättning, MSEK | 3,934 | 4,667 | -733 |
| Operating result, SEK M | Rörelseresultat, MSEK | -586 | -49 | -537 |
| Operating margin, % | Rörelsemarginal, % | -14.9 | -1.0 | -13.9 |
| Underlying operating result 1) | Underliggande rörelseresultat 1) | -113 | 51 | -164 |
| Result after tax, SEK M | Resultat efter skatt, MSEK | -538 | -42 | -496 |
| Result per share before and after dilution, SEK | Resultat per aktie före och efter utspädning, SEK | -35.54 | -3.21 | -32.33 |
| Return on capital employed excl. IFRS 16, % | Avkastning på sysselsatt kapital exkl. IFRS 16. % | -39.5 | -2.9 | -36.6 |
| Net debt excl. IFRS 16, SEK M 1) | Nettoskuld exkl. IFRS 16. MSEK 1) | 297 | 340 | -43 |
| Net debt/equity ratio excl. IFRS 16, % 1) | Nettoskuldsättningsgrad exkl. IFRS 16. % 1) | 30.7 | 24.4 | 6.3 |
| Cash flow from operating activities, SEK M | Kassaflöde från löpande verksamheten, MSEK | 2 | 105 | -103 |
| Average number of employees | Medeltal anställda | 555 | 640 | -85 |
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 | 2025 | 2024 | % |
| Inventory sales | Lagerförsäljning | 1,748 | 1,742 | 0.3 |
| Production service sales | Produktionsserviceförsäljning | 1,780 | 2,457 | -28 |
| Direct sales | Direktförsäljning | 406 | 468 | -13 |
| Total | Totalt | 3,934 | 4,667 | -16 |
| Sales by product area, SEK M | Försäljning per produktområde, MSEK | 2025 | 2024 | % |
| Long steel products | Långa produkter | 1,526 | 1,740 | -12 |
| Flat steel products | Platta produkter | 1,758 | 2,129 | -17 |
| Stainless steel | Rostfritt stål | 500 | 597 | -16 |
| Aluminium | Aluminium | 127 | 162 | -22 |
| Other | Övrigt | 23 | 39 | -41 |
| Total | Totalt | 3,934 | 4,667 | -16 |
Net sales
Underlying operating result 1)