Third quarter 2024

  • Net sales decreased by 11% to SEK 1,057 M (1,187)
  • The underlying operating result increased to SEK 6 M (4)
  • The operating result increased to SEK 5 M (-42), including inventory losses of SEK -9 M (-40) and items affecting comparability of
    SEK 8 M (-6)
  • Result after tax increased to SEK 18 M (-42)
  • Cash flow from operating activities amounted to SEK -13 M (-17)
  • Earnings per share increased to SEK 1.36 (-3.27)

First nine months 2024

  • Net sales decreased by 12% to SEK 3,634 M (4,151)
  • The underlying operating result increased to SEK 66 M (47)
  • The period was affected by items affecting comparability of SEK -19 M (-6) related to closure of the Baltic unit
  • The operating result increased to SEK 20 M (-15), including inventory losses of SEK -27 M (-56) and items affecting comparability
  • Result after tax increased to SEK 15 M (-26)
  • Cash flow from operating activities amounted to SEK 52 M (341)
  • Earnings per share increased to SEK 1.15 (-2.02)

“I now note a decent increase in tonnage in the main markets Sweden and Finland in the third quarter despite a rather difficult market situation, particularly in the construction sector. The increase amounted to 4 percent and, excluding the rebar business, which is exclusively construction-related, the increase amounted to 9 percent. The gross margin has also improved, although the level is not yet satisfactory.”

Peter Andersson, President and CEO

Results overview 2024
Jul-Sep		 2023
Jul-Sep		 Change 2024
Jan-Sep		 2023
Jan-Sep		 Change
Resultatöversikt 2024
jul-sep		 2023
jul-sep		 Förändring 2024
jan-sep		 2023
jan-sep		 Förändring
Tonnage, thousands of tonnes Tonnage, tusen ton 62 64 -2 211 218 -7
-of which organic tonnage, thousands of tonnes – varav organiskt tonnage, tusen ton 62 59 3 204 203 1
Net sales, SEK M Nettoomsättning, MSEK 1,057 1,187 -130 3,634 4,151 -517
Underlying operating result, SEK M
Underliggande rörelseresultat, MSEK
 6 4 2 66 47 19
Operating result, SEK M Rörelseresultat, MSEK 5 -42 47 20 -15 35
Profit/loss for the period, SEK M Periodens resultat, MSEK 18 -42 60 15 -26 41
Earnings per share, SEK Resultat per aktie, SEK 1.36 -3.27 4.63 1.15 -2.02 3.17
Cash flow from operating activities, SEK M
Kassaflöde från den löpande verksamheten, MSEK
 -13 -17 4 52 341 -289

BE Group AB (publ), which is listed on the Nasdaq Stockholm exchange, is a leading independent steel distributor that stores and processes steel, stainless steel, and aluminium for customers primarily in the construction and manufacturing industries. Through the company’s production services, customers can order customized steel components to optimize their production processes. 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 headquarters is located in Malmö, Sweden. Read more about BE Group at www.begroup.com.