Third quarter 2022

  • Net sales increased by 10% to SEK 1,514 M (1,375)
  • The underlying operating result amounted to SEK 67 M (193)
  • The operating result amounted to SEK 40 M (219), including inventory losses of SEK -27 M (26)
  • Result after tax amounted to SEK 26 M (175)
  • Cash flow from operating activities amounted to SEK -183 M (6)
  • Earnings per share amounted to SEK 2.05 (13.49)
  • Lecor Stålteknik was divested on July 1
  • The acquisition of Goodtech Solutions Manufacturing AB was completed with take-over on September 1

First nine months 2022

  • Net sales increased by 39% to SEK 5,403 M (3,878)
  • The underlying operating result increased to SEK 538 M (394)
  • The operating result increased to SEK 537 M (463), including inventory losses of SEK -1 M (69)
  • Result after tax increased to SEK 425 M (365)
  • Cash flow from operating activities amounted to SEK 52 M (147)
  • Earnings per share increased to SEK 32.76 (28.10)
  • The acquired assets of Hercules Rebar was taken over on May 1

“The prevailing business environment has reduced demand during the third quarter, that also led to lower steel prices, which in turn pushed down the gross margin. For BE Group, this has meant a negative development of the operating result. However, the conditions are still good for 2022 to be a strong year in terms of earnings”

Peter Andersson, President and CEO

Results overview 2022
Jul-Sep		 2021
Jul-Sep		 Change 2022
Jan-Sep		 2021
Jan-Sep		 Change
Resultatöversikt 2022
jul-sep		 2021
jul-sep		 Förändring 2022
jan-sep		 2021
jan-sep		 Förändring
Tonnage, thousands of tonnes Tonnage, tusen ton 68 77 -9 248 263 -15
Net sales, SEK M Nettoomsättning, MSEK 1,514 1,375 139 5,403 3,878 1,525
Underlying operating result, SEK M
Underliggande rörelseresultat, MSEK
 67 193 -126 538 394 144
Operating result, SEK M Rörelseresultat, MSEK 40 219 -179 537 463 74
Profit/loss for the period, SEK M Periodens resultat, MSEK 26 175 -149 425 365 60
Earnings per share, SEK Resultat per aktie, SEK 2.05 13.49 -11.44 32.76 28.10 4.66
Cash flow from operating activities, SEK M
Kassaflöde från den löpande verksamheten, MSEK
 -183 6 -189 52 147 -95

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 2021, the Group reported sales of SEK 5.4 billion. BE Group has approximately 650 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.