Improved underlying operating result and cash flow

Second quarter 2018

  • Net sales increased by 14% to SEK 1,312 M (1,147).
  • The underlying operating result increased to SEK 26 M (21).
  • The underlying operating result and the operating result were affected by a provision for bad debt and inventory adjustment in the Baltics of SEK -12 M.
  • The operating result also included items affecting comparability of SEK -16 M, no cash flow impact, related to the exit of the operation in Prerov, Czech Republic.*
  • Operating result increased to SEK 22 M (-13).
  • Result after tax increased to SEK 7 M (-14).
  • Cash flow from operating activities increased to SEK 17 M (-49).
  • Earnings per share increased to SEK 0.54 (-1.03).

The first six months of 2018

  • Net sales increased by 11% to SEK 2,538 M (2,285).
  • The underlying operating result increased to SEK 74 M (51).
  • The underlying operating result and the operating result were affected by a provision for bad debt and inventory adjustment in the Baltics of SEK -12 M.
  • The operating result also included items affecting comparability of SEK -16 M related to the exit of the operation in Prerov, Czech Republic.*
  • Operating result increased to SEK 77 M (33).
  • Result after tax increased to SEK 46 M (20).
  • Cash flow from operating activities increased to SEK 16 M (-12).
  • Earnings per share increased to SEK 3.57 (1.55).
Results overview 2018
Apr-Jun		 2017
Apr-Jun		 Change 2018
Jan-Jun		 2017
Jan-Jun		 Change
Resultatöversikt 2018
apr-jun		 2017
apr-jun		 Förändring 2018
jan-jun		 2017
jan-jun		 Förändring
Tonnage, thousands of tonnes Tonnage, tusen ton 102 94 8 200 192 8
Net sales, SEK M Nettoomsättning, MSEK 1,312 1,147 165 2,538 2,285 253
Underlying operating result, SEK M
Underliggande rörelseresultat, MSEK
 26 21 5 74 51 23
Operating result, SEK M Rörelseresultat, MSEK 22 -13 35 77 33 44
Profit/loss for the period, SEK M Periodens resultat, MSEK 7 -14 21 46 20 26
Earnings per share, SEK1) Resultat per aktie, SEK1) 0.54 -1.03 1.57 3.57 1.55 2.02
Cash flow from operating activities, SEK M
Kassaflöde från den löpande verksamheten, MSEK
 17 -49 66 16 -12 28

1) Based on the average number of shares.

* Items affecting comparability is related to the exit of the operations in Prerov, Czech Republic, SEK -9 M is affecting the Group’s consolidated statement of comprehensive income while SEK -7 M refers to translation differences from previous fiscal years.

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 manufacturing and construction industries. In 2017, the Group reported sales of SEK 4.3 billion. BE Group has approximately 700 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.