The Group & Parent Company

Net financial items and tax

The Group’s consolidated net financial items in the first quarter amounted to SEK -7 M (-4), of which net interest amounted to SEK -6 M (-6). During the quarter, interest expenses related to leases according to IFRS 16 amounted to SEK -2 M (-3).

Taxes for the first quarter amounted to SEK 5 M (-4). Profit after tax amounted to SEK -14 M (-4).

Cash flow

The Group’s consolidated working capital amounted to SEK 643 M (686) at the end of the period and the average working capital tied-up for the first quarter was 14.4 percent (13.1). Cash flow from operating activities amounted to SEK -37 M (44) during the quarter mainly attributable to a lower operating result and increased accounts receivable. Cash flow from investing activities amounted to SEK 7 M (-26). Cash flow after investments thus amounted to SEK -30 M (18).

Financial position and liquidity

The Group’s consolidated cash and cash equivalents, including overdraft facilities, amounted to SEK 148 M (182) at the end of the period and the net debt excl. IFRS 16 was SEK 380 M (271). At the end of the period, equity amounted to SEK 1,350 M (1,439).

Organization, structure and employees

The number of employees amounted to 596 compared to 648 at the same time last year. The average number of employees during the quarter amounted to 611 (652). The decrease is mainly attributable to the closure of the Baltic unit and the ongoing closure of the Polish unit.

Parent Company & consolidated items

Parent Company & consolidated items include the Parent Company and Group eliminations. For additional information see the Annual Report for 2024.

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 35 M (34) 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 -20 M (-17), SEK 18 M (16) was allocated to the subsidiaries. The operating result amounted to SEK 15 M (18).

Net financial items for the quarter amounted to SEK 0 M (6). Profit before tax amounted to SEK 15 M (24) and profit after tax amounted to SEK 12 M (19). Investments in the Parent Company amounted to SEK 7 M (20). At the end of the period, cash and cash equivalents in the Parent Company amounted to SEK 0 M (13).