INTERIM Report
BE Group AB (publ)
January – March 2025
First quarter 2025
- Net sales decreased by 15% to SEK 1,105 M (1,305)
- The underlying operating result amounted to SEK -2 M (42)
- The operating result amounted to SEK -12 M (4), including inventory losses of SEK -10 M (-11)
- Result after tax amounted to SEK -14 M (-4)
- Cash flow from operating activities amounted to SEK -37 M (44)
- Earnings per share amounted to SEK -1.08 (-0.35)
“Net sales in the first quarter decreased by 15 percent to SEK 1,105 M (1,305) attributable to a shift in demand, where the construction segment increased and the industrial segment declined, combined with lower material prices and the closure of the Baltic operations that began at the end of the first quarter of the previous year. A rationalization program is being developed, which is expected to lower costs by about SEK 20 M in 2025 and with a full-year effect of about SEK 50 M in 2026.”
Peter Andersson, President and CEO
Results overview | 2025 Jan-Mar | 2024 Jan-Mar | Change | |
Resultatöversikt | 2025 jan-mar | 2024 jan-mar | Förändring | |
Tonnage, thousands of tonnes | Tonnage, tusen ton | 68 | 76 | -8 |
-of which organic tonnage, thousands of tonnes | – varav organiskt tonnage, tusen ton | 67 | 69 | -2 |
Net sales, SEK M | Nettoomsättning, MSEK | 1,105 | 1,305 | -200 |
Underlying operating result, SEK M | Underliggande rörelseresultat, MSEK | -2 | 42 | -44 |
Operating result, SEK M | Rörelseresultat, MSEK | -12 | 4 | -16 |
Profit/loss for the period, SEK M | Periodens resultat, MSEK | -14 | -4 | -10 |
Earnings per share, SEK | Resultat per aktie, SEK | -1.08 | -0.35 | -0.73 |
Cash flow from operating activities, SEK M | Kassaflöde från den löpande verksamheten, MSEK | -37 | 44 | -81 |
BE Group AB (publ), which is listed on the Nasdaq Stockholm exchange, is a leading independent steel distributor that stores and processes steel, stainless steel, and aluminium for customers primarily in the construction and manufacturing industries. Through the company’s production services, customers can order customized steel components to optimize their production processes. In 2024, the Group reported sales of SEK 4.7 billion. BE Group has approximately 640 employees, with Sweden and Finland as its largest markets. The headquarters is located in Malmö, Sweden. Read more about BE Group at www.begroup.com.