The Group & Parent Company

Net financial items and tax

The Group’s consolidated net financial items in the second quarter amounted to SEK -5 M (-8), of which net interest was SEK -5 M (-5). During the quarter, interest expenses related to leasing according to IFRS 16 amounted to SEK -2 M (-2). Net financial items for the first six months amounted to SEK -8 M (-15), and net interest was SEK -10 M (-11), of which SEK -4 M (-4) relates to IFRS 16. The improved net financial items were primarily attributable to lower interest expenses as a result of reduced indebtedness and lower market interest rates compared with the previous year.

Taxes for the second quarter amounted to SEK -1 M (42). Profit after tax increased to SEK 14 M (-458) and to SEK 19 M (-472) for the first six months.

Cash flow

The Group’s consolidated working capital amounted to SEK 609 M (632) at the end of the period and the average working capital tied-up for the second quarter was 14.2 percent (15.2). The improved working capital and lower capital tied up contributed to stronger cash flow during the period.

Cash flow from operating activities increased to SEK 22 M (4) for the quarter and to SEK 8 M (-41) for the first six months. Cash flow from investing activities amounted to SEK -6 M (-9) for the quarter and to SEK -3 M (-2) for the first six months. Cash flow after investments thus amounted to SEK 28 M (-13) for the quarter and to SEK 11 M (-43) for the first six months.

The development reflects improved profitability, lower working capital tied-up, and a continued disciplined investment level.

Financial position and liquidity

At the end of the period, consolidated cash and cash equivalents, including overdraft facilities, amounted to SEK 187 M (108) and the interest-bearing net debt excl. IFRS 16 was SEK 339 M (429). The Group’s financial position strengthened during the period as a result of improved cash flow and lower net debt.

Equity amounted to SEK 991 M (906) at the end of the period.

Organization, structure and employees

The number of employees amounted to 513 compared to 524 at the same time last year. The average number of employees during the quarter amounted to 513 (560). The change is primarily attributable to implemented restructuring measures, including the closure of the Polish operations and the facility 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 33 M (33) 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 -24 M (-24), SEK 17 M (17) was allocated to the subsidiaries. The operating result amounted to SEK 9 M (-22).

Net financial items for the quarter amounted to SEK 3 M (-231). Profit before tax increased to SEK 12 M (-253) and profit after tax increased to SEK 10 M (-249). Investments in the Parent Company during the quarter amounted to SEK 0 M (9).  At the end of the period, cash and equivalents in the Parent Company amounted to SEK 37 M (0).

Net financial items for the first six months amounted to SEK 8 M (-231). Profit before tax increased to SEK 26 M (-238) and profit after tax increased to SEK 21 M (-237). Investments in the Parent Company during the first six months amounted to SEK 0 M (16).