Second quarter 2024

  • Net sales decreased by 10% to SEK 1,272 M (1,406)
  • The underlying operating result amounted to SEK 18 M (33)
  • The operating result amounted to SEK 11 M (26), including inventory losses of SEK -7 M (-7)
  • Result after tax amounted to SEK 1 M (19)
  • Cash flow from operating activities amounted to SEK 21 M (132)
  • Earnings per share amounted to SEK 0.13 (1.47)

First six months 2024

  • Net sales decreased by 13% to SEK 2,577 M (2,964)
  • The underlying operating result increased to SEK 60 M (43)
  • The period was affected by items affecting comparability of SEK -27 M (-) related to closure of operations in the Baltics
  • The operating result amounted to SEK 15 M (27), including inventory losses of SEK -18 M (-16)
  • Result after tax amounted to SEK -3 M (16)
  • Cash flow from operating activities amounted to SEK 65 M (358)
  • Earnings per share amounted to SEK -0.21 (1.25)

“During the second quarter net sales decreased by 10 percent to SEK 1,272 M (1,406), which is mainly explained by lower market prices. In the main markets Sweden and Finland, sales in terms of tonnage increased by 6 percent which can largely be related to success of our own efforts and our sales initiatives.”

Peter Andersson, President and CEO

Results overview 2024
Apr-Jun		 2023
Apr-Jun		 Change 2024
Jan-Jun		 2023
Jan-Jun		 Change
Resultatöversikt 2024
apr-jun		 2023
apr-jun		 Förändring 2024
jan-jun		 2023
jan-jun		 Förändring
Tonnage, thousands of tonnes Tonnage, tusen ton 73 73 0 149 154 -5
-of which organic tonnage, thousands of tonnes – varav organiskt tonnage, tusen ton 71 68 3 142 144 -2
Net sales, SEK M Nettoomsättning, MSEK 1,272 1,406 -134 2,577 2,964 -387
Underlying operating result, SEK M
Underliggande rörelseresultat, MSEK
 18 33 -15 60 43 17
Operating result, SEK M Rörelseresultat, MSEK 11 26 -15 15 27 -12
Profit/loss for the period, SEK M Periodens resultat, MSEK 1 19 -18 -3 16 -19
Earnings per share, SEK Resultat per aktie, SEK 0.13 1.47 -1.34 -0.21 1.25 -1.46
Cash flow from operating activities, SEK M
Kassaflöde från den löpande verksamheten, MSEK
 21 132 -111 65 358 -293

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 640 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.