Fourth quarter 2023

  • Net sales decreased by 20% to SEK 1,177 M (1,472)
  • The underlying operating result amounted to SEK -17 M (-50)
  • The operating result amounted to SEK -37 M (-119), including inventory losses of SEK -20 M (-69)
  • Result after tax amounted to SEK -34 M (-101)
  • Cash flow from operating activities amounted to SEK 150 M (152)
  • Earnings per share amounted to SEK -2.58 (-7.79)

Full-year 2023

  • Net sales decreased by 23% to SEK 5,328 M (6,875)
  • The underlying operating result amounted to SEK 30 M (488)
  • The operating result amounted to SEK -52 M (418), including inventory losses of SEK -76 M (-70) and items affecting comparability
    of SEK -6 M (-)
  • Result after tax amounted to SEK -60 M (324)
  • Cash flow from operating activities increased to SEK 491 M (204)
  • Earnings per share amounted to SEK -4.59 (24.96)
  • A new credit agreement was signed with a credit facility of SEK 775 M
  • The Board of Directors proposes that no dividend will be paid for the financial year of 2023

“Cash flow continued to be strong amounting to SEK 150 M (152) and increased to SEK 491 M (204) for the full-year. Lower material prices and pressured market conditions, primarily in the construction sector, caused net sales to drop 20%.”

Peter Andersson, President and CEO

Results overview 2023
Oct-Dec
2022
Oct-Dec
Change 2023
Jan-Dec
2022
Jan-Dec
Change
Resultatöversikt 2023
okt-dec
2022
okt-dec
Förändring 2023
jan-dec
2022
jan-dec
Förändring
Tonnage, thousands of tonnes Tonnage, tusen ton 67 72 -5 285 320 -35
Net sales, SEK M Nettoomsättning, MSEK 1,177 1,472 -295 5,328 6,875 -1,547
Underlying operating result, SEK M
Underliggande rörelseresultat, MSEK
-17 -50 33 30 488 -458
Operating result, SEK M Rörelseresultat, MSEK -37 -119 82 -52 418 -470
Profit/loss for the period, SEK M Periodens resultat, MSEK -34 -101 67 -60 324 -384
Earnings per share, SEK Resultat per aktie, SEK -2.58 -7.79 5.21 -4.59 24.96 -29.55
Cash flow from operating activities, SEK M
Kassaflöde från den löpande verksamheten, MSEK
150 152 -2 491 204 287

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 2023, the Group reported sales of SEK 5.3 billion. BE Group has approximately 680 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.