The Group & Parent Company

Net financial items and tax

The Group’s consolidated net financial items in the third quarter amounted to SEK -5 M (-7), of which net interest was SEK -6 M (-9). During the quarter, interest expenses related to leasing according to IFRS 16 amounted to SEK -2 M (-3). Net financial items for the first nine months amounted to SEK -13 M (-22), and net interest was SEK -15 M (-20), of which SEK -6 M (-7) 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 as well as currency effects.

Taxes for the third quarter amounted to SEK 1 M (8). Profit after tax amounted to SEK 0 M (-29) and to SEK 19 M (-501) for the first nine months.

Cash flow

The Group’s consolidated working capital amounted to SEK 627 M (573) at the end of the period and the average working capital tied-up for the third quarter was 15.9 percent (17.5). Increased inventories and accounts receivable were partly counteracted by higher accounts payable.

Cash flow from operating activities amounted to SEK 24 M (48) for the third quarter and increased to SEK 32 M (7) for the first nine months. Cash flow from investing activities amounted to SEK 8 M (-7) for the quarter and to SEK 11 M (-9) for the first nine months. Cash flow after investments thus amounted to SEK 32 M (41) for the quarter and increased to SEK 43 M (-2) for the first nine months. The development reflects the improved profitability, while higher capital tied up limited cash flow during the period.

Financial position and liquidity

At the end of the period, consolidated cash and cash equivalents, including overdraft facilities, amounted to SEK 196 M (247) and the interest-bearing net debt excl. IFRS 16 was SEK 341 M (278). Equity amounted to SEK 997 M (1,010) at the end of the period.

Organization, structure and employees

The number of employees amounted to 504 compared to 519 at the same time last year. The average number of employees during the quarter amounted to 509 (522). The change is primarily attributable to implemented restructuring measures.

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 third 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 -20 M (-21), SEK 18 M (18) was allocated to the subsidiaries. The operating result amounted to SEK 13 M (13). For the first nine months, sales amounted to SEK 98 M (101) and operating result to SEK 32 M (6).

Net financial items for the quarter amounted to SEK 6 M (1). Profit before tax amounted to SEK 19 M (14) and profit after tax amounted to SEK 15 M (11). Investments in the Parent Company during the quarter amounted to SEK 2 M (1).  At the end of the period, cash and equivalents in the Parent Company amounted to SEK 46 M (97).

Net financial items for the first nine months amounted to SEK 14 M (-230). Profit before tax amounted to SEK 46 M (-224) and profit after tax amounted to SEK 36 M (-226). Investments in the Parent Company amounted to SEK 2 M (17).