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BE Group AB (publ) (BEGR.ST)

BEGR.ST on Stockholm Stock Exchange

25 Jul 2017
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Latest Key Developments (Source: Significant Developments)

BE Group to phase out Eskilstuna production unit, sees 45 mln SEK one-time cost
Tuesday, 30 May 2017 08:01am EDT 

May 30 (Reuters) - Be Group :BE Group to phase out loss making production unit in Eskilstuna.Says invoiced sales in 2016 was 127 msek with an operating result of -19 MSEK.Says during Q1 2017, invoiced sales was 49 MSEK with an operating result of -8 MSEK.BE Group Produktion Eskilstuna AB has, despite extensive improvement measures taken to reach profitability, continued to generate losses for a number of years.Says phase out is planned to take place during quarter three and will affect approximately 60 employees.Says one-time cost is approximately SEK 45 msek of which 8 msek affects cash-flow.  Full Article

BE Group Q1 underlying operating profit rises
Thursday, 27 Apr 2017 01:45am EDT 

April 27 (Reuters) - BE Group :Q1 net sales rose 16 percent to SEK 1,138 mln (978).Q1 operating result improved to SEK 46 mln (-45).The underlying operating result improved to SEK 30 mln (9).Says prices now appear to have stabilized after sharp rise towards end of last year and in Q1 of 2017.Says at same time, assessment is that market demand will remain good.Says process of restructuring and improvement within framework of new organization is expected to progress as planned and gradually improve group's result compared with last year.  Full Article

BE Group swings to small Q4 operating profit
Friday, 3 Feb 2017 01:45am EST 

BE Group : Net sales decreased by 3 percent, to SEK 953 M (981). . The operating result improved to SEK 4 M (-17). . Says in our main markets we believe in a somewhat growing market in 2017 . Says current trade barriers, as well as anticipated future ones, make market more regional, which should lead to a more stable price development. .Says we are continuing to work according to plan and market conditions are, after several years of negative growth, now brighter.  Full Article

Daniel Faldt new CFO
Thursday, 22 Dec 2016 03:00am EST 

BE Group says:Says Daniel Faldt, has been appointed new CFO and member of group management..  Full Article

BE Group Q2 operating profit increases to SEK 31 mln
Wednesday, 20 Jul 2016 01:45am EDT 

BE Group Q2 2016 : BE Group Q2 operating result improved to SEK 31 m (10) . Q2 underlying operating result improved to SEK 21 M (12) . BE Group Q2 net sales decreased by 5 percent to SEK 1,047 m (1,104) . Says steel prices are expected to continue to increase slightly in Q3 .Says demand is expected to remain at current level in Q3, accounting for vacation effects in July and August.  Full Article

BE Group publ AB to change structure and organization
Tuesday, 5 Apr 2016 02:15am EDT 

BE Group publ AB:Says makes changes in structure and organization.Says the Group's result will be reported according to the new segments from Q2 of 2016.Says among changes, business area Other Units will disappear.  Full Article

BE Group closes businesses in Czech Republic and Slovakia
Wednesday, 30 Mar 2016 01:45am EDT 

BE Group publ AB:Says closes loss-makers in Czech Republic and Slovakia.Says the market in Czech Republic and Slovakia has for a number of years developed negatively and the companies have continued to be lossmaking despite several measures taken to reach profitability.The turnover in these markets were 382 million Swedish crowns during 2015 and the operating result amounted to loss of 32 million crowns.Says against this background and the prevailing weak market outlook BE Group has decided to close down the business in Slovakia and stop selling flat carbon steel and aluminum on the Czech market.Says one-time cost is estimated at 45 million crowns of which 10 million crowns affects cash-flow.Says the cost will impact the current year result.An updated assessment will be given when the result for Q1 is published.  Full Article