The Group & Parent Company

Net financial items and tax

The Group’s consolidated net financial items in the first quarter amounted to SEK -3 M (-7), of which net interest was SEK -5 M (-6). During the quarter, interest expenses related to leasing according to IFRS 16 amounted to SEK -2 M (-2).

Taxes for the first quarter amounted to SEK 0 M (5). Profit after tax amounted to SEK 5 M (-14).

Cash flow

The Group’s consolidated working capital amounted to SEK 589 M (643) at the end of the period and the average working capital tied-up for the first quarter was 13.9 percent (14.4). The decrease is mainly explained by lower inventory value, which amounted to SEK 629 M (758) due to recuced inventory levels.

Cash flow from operating activities amounted to SEK -14 M (-37), mainly affected by higher working capital due to accounts receivebles increasing since year-end. Cash flow from investing activities amounted to SEK -3 M (7). Cash flow after investments thus amounted to SEK -17 M (-30).

Financial position and liquidity

At the end of the period, consolidated cash and cash equivalents, including overdraft facilities, amounted to SEK 198 M (148). The interest-bearing net debt excl. IFRS 16 was SEK 339 M (380). Equity amounted to SEK 974 M (1,350) at the end of the period.

Organization, structure and employees

The number of employees amounted to 512 compared to 596 at the same time last year. The average number of employees during the quarter amounted to 512 (611). The decrease is mainly attributable to the closure of the Polish unit and the site in Arvika.

Parent Company & consolidated items

Parent Company & consolidated items include the Parent Company and Group eliminations. For additional information see the Annual Report for 2025.

The effects regarding IFRS 16 were reported under Parent Company & consolidated items and have not been allocated to the two business areas.

Parent Company

Sales for the first quarter of the Parent Company, BE Group AB (publ), amounted to SEK 32 M (35) and derived from intra-Group services. These intra-Group services mainly include the subsidiaries’ use of the BE Group brand and central expenses for IT and Finance. These expenses are distributed and invoiced to all subsidiaries in the Group. In the result follow-up of the business areas, these intra-group expenses have been eliminated except for expenses for IT and business systems. Out of the total costs for the Parent Company, of SEK -23 M (-20), SEK 17 M (18) was allocated to the subsidiaries. The operating result amounted to SEK 9 M (15).

Net financial items for the quarter amounted to SEK 5 M (0). Profit before tax amounted to SEK 14 M (15) and profit after tax amounted to SEK 11 M (12). Investments in the Parent Company amounted to SEK 0 M (7).  At the end of the period, cash and equivalents in the Parent Company amounted to SEK 47 M (0).