Improved market outlook and strengthened structure

Business area Sweden & Poland accounted for 55 percent (52) of the Group’s external net sales in 2025.  The business area includes the Group’s operations consisting of BE Group Sweden and the joint venture ArcelorMittal BE Group SSC AB. The Swedish operations consists of production and warehouse facilities in Norrköping as well as sales offices in eight locations.

During the year, the closure of the Polish production unit was completed and operations were transferred to Sweden and Finland. The production unit in Arvika was also closed, with production consolidated in Norrköping. These measures represent important steps toward creating a more efficient, scalable and cost‑optimized structure. In the Swedish market, the company has approximately 2,000 customers, with the ten largest accounting for 35 percent of the business area’s revenue. High service levels and strong customer understanding are prerequisites to meeting market needs. Competitors include Tibnor, owned by SSAB, and Stena Stål, part of the Stena Group.

Sales and business performance

Net sales for the year decreased by 10 percent compared to last year, amounting to SEK 2,187 million (2,423). The decline is explained by negative price and mix effects of -8 percent and the divestment of the Polish unit of -2 percent, while organic tonnage remained unchanged. Tonnage to the manufacturing industry decreased by -8 percent, primarily driven by the subcontractor segment. At the same time, tonnage to the construction segment increased by 22 percent, mainly due to higher demand for reinforcement.

The operating result amounted to SEK -275 M (-32). Adjusted for inventory losses of SEK -8 M (-48) and items affecting comparability of SEK -245 M (-28), the underlying operating result amounted to SEK -22 M (44). The negative underlying result is attributable to a continued weak market, lower steel prices, and a pressured gross margin.

BE Group owns 50 percent of the company ArcelorMittal BE Group SSC AB in Karlstad, a modern steel service center for processing of thin sheets and coils. The company generated sales of SEK 913 M (897) in 2025 and is reported according to the equity method. The share of profit for the year amounted to SEK 15 M (18).

Continued development

Throughout 2025, a clear focus was placed on implementing structural changes and cost‑rationalization measures within the framework of the Group’s savings program. These efforts have yielded results, with selling and administrative expenses in the Swedish company decreasing by approximately 16 percent during the year, adjusted for higher IT costs. The structural measures implemented are expected to contribute positively to future performance. The recovery in the construction segment is expected to continue, and forecasts from several industrial customers indicate a more favorable economic outlook, while acknowledging persistent geopolitical uncertainty. Steel prices are expected to be positively influenced by the introduction of CBAM (Carbon Border Adjustment Mechanism) and other protective measures. With the structural changes carried out in 2025, the conditions are in place for improved performance in 2026, assuming stable market conditions.