Third quarter 2023

  • Net sales decreased by 22% to SEK 1,187 M (1,514)
  • The underlying operating result amounted to SEK 4 M (67)
  • The operating result amounted to SEK -42 M (40), including inventory losses of SEK -40 M (-27) and items affecting comparability of SEK
    -6 M (-) due to restructuring
  • Result after tax amounted to SEK -42 M (26)
  • Cash flow from operating activities amounted to SEK -17 M (-183)
  • Earnings per share amounted to SEK -3.27 (2.05)

First nine months 2023

  • Net sales decreased by 23% to SEK 4,151 M (5,403)
  • The underlying operating result amounted to SEK 47 M (538)
  • The operating result amounted to SEK -15 M (537), including inventory losses of SEK -56 M (-1) and items affecting comparability of
    SEK -6 M (-)
  • Result after tax amounted to SEK -26 M (425)
  • Cash flow from operating activities increased to SEK 341 M (52)
  • Earnings per share amounted to SEK -2.02 (32.76)
  • A new credit agreement was signed with a credit facility of SEK 775 M
  • Second part of the decided dividend, SEK 6 per share, is estimated to be paid on October 27

“The reason for the weak result is a continous drop in prices and tonnage, which pressures the gross margin. The decline in tonnage originates exclusively from the Swedish part of the operations, which is mainly attributable to greater exposure to the construction sector”

Peter Andersson, President and CEO

Results overview 2023
Jul-Sep		 2022
Jul-Sep		 Change 2023
Jan-Sep		 2022
Jan-Sep		 Change
Resultatöversikt 2023
jul-sep		 2022
jul-sep		 Förändring 2023
jan-sep		 2022
jan-sep		 Förändring
Tonnage, thousands of tonnes Tonnage, tusen ton 64 68 -4 218 248 -30
Net sales, SEK M Nettoomsättning, MSEK 1,187 1,514 -327 4,151 5,403 -1,252
Underlying operating result, SEK M
Underliggande rörelseresultat, MSEK
 4 67 -63 47 538 -491
Operating result, SEK M Rörelseresultat, MSEK -42 40 -82 -15 537 -552
Profit/loss for the period, SEK M Periodens resultat, MSEK -42 26 -68 -26 425 -451
Earnings per share, SEK Resultat per aktie, SEK -3.27 2.05 -5.32 -2.02 32.76 -34.78
Cash flow from operating activities, SEK M
Kassaflöde från den löpande verksamheten, MSEK
 -17 -183 166 341 52 289

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 2022, the Group reported sales of SEK 6.9 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.