First quarter 2023

  • Net sales decreased by 16% to SEK 1,558 M (1,845)
  • The underlying operating result amounted to SEK 10 M (180)
  • The operating result amounted to SEK 1 M (184), including inventory gains and losses of SEK -9 M (4)
  • Result after tax amounted to SEK -3 M (148)
  • Cash flow from operating activities increased to SEK 226 M (108)
  • Earnings per share amounted to SEK -0.22 (11.41)

“In the first quarter, net sales decreased by 16 percent to SEK 1,558 M (1,845) and the underlying operating result was SEK 10 M (180). Inventory losses amounted to SEK -9 M (4) and consequently the operating result amounted to SEK 1 M (184). The result is to be seen in the light of the previous year’s hoarding wave and price increase at the end of the first quarter as a consequence of Russia’s invasion of Ukraine. Compared with the fourth quarter of the previous year, both net sales and gross margin rose”

Peter Andersson, President and CEO

Results overview 2023
Resultatöversikt 2023
Tonnage, thousands of tonnes Tonnage, tusen ton 81 92 -11
Net sales, SEK M Nettoomsättning, MSEK 1,558 1,845 -287
Underlying operating result, SEK M
Underliggande rörelseresultat, MSEK
10 180 -170
Operating result, SEK M Rörelseresultat, MSEK 1 184 -183
Profit/loss for the period, SEK M Periodens resultat, MSEK -3 148 -151
Earnings per share, SEK Resultat per aktie, SEK -0.22 11.41 -11.63
Cash flow from operating activities, SEK M
Kassaflöde från den löpande verksamheten, MSEK
226 108 118

BE Group, which is listed on the Nasdaq Stockholm exchange, is a trading and service company in steel, stainless steel and aluminium. BE Group offers efficient distribution and value-adding production services to customers primarily in the construction and manufacturing industries. In 2022, the Group reported sales of SEK 6.9 billion. BE Group has approximately 650 employees, with Sweden and Finland as its largest markets. The head office is located in Malmö, Sweden. Read more about BE Group at