Fourth quarter 2022

  • Net sales decreased by 3% to SEK 1,472 M (1,510)
  • The underlying operating result amounted to SEK -50 M (135)
  • The operating result amounted to SEK -119 M (158), including inventory gains and losses of SEK -69 M (23)
  • Result after tax amounted to SEK -101 M (130)
  • Cash flow from operating activities increased to SEK 152 M (-115)
  • Earnings per share amounted to SEK -7.79 (10.00)

Full-year 2022

  • Net sales increased by 28% to SEK 6,875 M (5,388)
  • The underlying operating result amounted to SEK 488 M (529)
  • The operating result amounted to SEK 418 M (621), including inventory gains and losses of SEK -70 M (92)
  • Result after tax amounted to SEK 324 M (495)
  • Cash flow from operating activities increased to SEK 204 M (32)
  • Earnings per share amounted to SEK 24.96 (38.10)
  • During the year, the assets of Hercules Rebar and the shares of Goodtech Solutions Manufacturing AB was acquired and Lecor Stålteknik was divested
  • The Board of Directors proposes dividend of SEK 12 (12) per share for the financial year of 2022 to be paid in two installments; SEK 6 per share in April 2023 and SEK 6 per share in October 2023

“The prevailing business environment during the fourth quarter resulted in decreased demand. At the same time, steel prices have dropped sharply compared to before summer when larger purchases took place, which led to a significantly decreased gross margin. On the positive side is cash flow from operating activities, which amounted to SEK 152 M (-115), primarily related to freed up working capital through adjustment of inventory replenishment”

Peter Andersson, President and CEO

Results overview 2022
Oct-Dec		 2021
Oct-Dec		 Change 2022
Jan-Dec		 2021
Jan-Dec		 Change
Resultatöversikt 2022
okt-dec		 2021
okt-dec		 Förändring 2022
jan-dec		 2021
jan-dec		 Förändring
Tonnage, thousands of tonnes Tonnage, tusen ton 72 79 -7 320 342 -22
Net sales, SEK M Nettoomsättning, MSEK 1,472 1,510 -38 6,875 5,388 1,487
Underlying operating result, SEK M
Underliggande rörelseresultat, MSEK
 -50 135 -185 488 529 -41
Operating result, SEK M Rörelseresultat, MSEK -119 158 -277 418 621 -203
Profit/loss for the period, SEK M Periodens resultat, MSEK -101 130 -231 324 495 -171
Earnings per share, SEK Resultat per aktie, SEK -7.79 10.00 -17.79 24.96 38.10 -13.14
Cash flow from operating activities, SEK M
Kassaflöde från den löpande verksamheten, MSEK
 152 -115 267 204 32 172

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.