BE Group’s operating result for the third quarter 2022 is estimated to SEK 40 M
BE Group’s operating result for the third quarter 2022 has been negatively affected by the situation in the surrounding world. The Group’s net sales is expected to amount to approximately SEK 1,514 M (1,375) and the underlying operating result is expected to amount to approximately SEK 67 M (193). The operating result including inventory gains and losses is expected to amount to approximately SEK 40 M (219). Decreased volume and high costs for incoming material contributes to lower margins and thus a weaker result for the third quarter. A trend that, for the time being, is expected to continue during the fourth quarter.
For the first nine months, the Group’s net sales is expected to amount to approximately SEK 5,403 M (3,878) and the underlying operating result is expected to amount to approximately SEK 538 M (394). The operating result including inventory gains and losses is expected to amount to approximately SEK 537 M (463), which means that 2022 in total have good possibility to become another strong year in terms of result.
All figures in this press release are preliminary and the final report for the third quarter 2022 will be published on October 19, 2022 at 2:00 pm CET. BE Group will not make any further comments until after the interim report for the third quarter has been published.
For further information, please contact:
Peter Andersson, President and CEO
Tel: +46 706 53 76 55, email: peter.andersson@begroup.com
Christoffer Franzén, CFO
Tel: +46 705 46 90 05, email: christoffer.franzen@begroup.com
This information is information that BE Group AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 8.00 am CET on October 10, 2022.
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 630 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.