First quarter 2024

  • Net sales decreased by 16% to SEK 1,305 M (1,558)
  • The underlying operating result increased to SEK 42 M (10)
  • The quarter was affected by items affecting comparability of SEK -27 M (-) related to closure
    of the operations in the Baltics
  • The operating result increased to SEK 4 M (1), including inventory losses of SEK -11 M (-9)
  • Result after tax amounted to SEK -4 M (-3)
  • Cash flow from operating activities amounted to SEK 44 M (226)
  • Earnings per share amounted to SEK -0.35 (-0.22)

“The closure of the Baltic operations announced at the end of March is proceeding according to plan and is impacting the operating result by SEK -27 M in the quarter, which is somewhat lower than previously announced. The closure is estimated to generate a positive cash flow of approximately SEK 30 M and will have a positive impact on the company’s future results.”

Peter Andersson, President and CEO

Results overview 2024
Jan-Mar		 2023
Jan-Mar		 Change
Resultatöversikt 2024
jan-mar		 2023
jan-mar		 Förändring
Tonnage, thousands of tonnes Tonnage, tusen ton 76 81 -5
Net sales, SEK M Nettoomsättning, MSEK 1,305 1,558 -253
Underlying operating result, SEK M
Underliggande rörelseresultat, MSEK
 42 10 32
Operating result, SEK M Rörelseresultat, MSEK 4 1 3
Profit/loss for the period, SEK M Periodens resultat, MSEK -4 -3 -1
Earnings per share, SEK Resultat per aktie, SEK -0.35 -0.22 -0.13
Cash flow from operating activities, SEK M
Kassaflöde från den löpande verksamheten, MSEK
 44 226 -182

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 2023, the Group reported sales of SEK 5.3 billion. BE Group has approximately 680 employees, with Sweden and Finland as its largest markets. The head office is located in Malmö, Sweden. Read more about BE Group at www.begroup.com.