Second quarter
- Net sales decreased by 10% to
SEK 1,272 M (1,406) -
The underlying operating result amounted to
SEK 18 M (33) -
The operating result amounted to
SEK 11 M (26), including inventory losses ofSEK -7 M (-7) -
Result after tax amounted to
SEK 1 M (19) -
Cash flow from operating activities amounted to
SEK 21 M (132) -
Earnings per share amounted to
SEK 0.13 (1.47)
Statement from the CEO
During the second quarter net sales decreased by 10 percent to
For the first six months, the operating result including inventory losses, but adjusted for the Baltic operations that are being phased out, amounted to
In the main markets
The closure of the operations in the Baltics that was announced at the end of March has progressed according to plan and will, in all material aspects, be concluded in the third quarter. The closure is expected to generate a positive cash flow of about
Outlook
In the near future, the industrial sector is expected to continue at the same level. In general, the Finnish market has been under more pressure than the Swedish market due to political strikes in the first half of the year. This problem has now been resolved. The construction sector remains under pressure and is expected to continue at low levels. In total, the construction sector accounts for about 20 percent of sales in the main markets.
Sheet metal producers in
Our focus
Our most important focus is to increase and deepen the cooperation with our customers to win as much new business as possible, streamline the supply chain and continue to work with the cost side in order to achieve a healthy margin throughout the business. It is pleasing to see that some of our initiatives are beginning to show success and the ambition is for the company to be profitable regardless of the economic cycle and external factors.
With that said, we wish our customers, suppliers, employees, owners and other stakeholders a nice summer!
For further information, please contact:
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
https://news.cision.com/be-group-ab/r/be-group-interim-report-january---june-2024,c4014410
https://mb.cision.com/Main/1831/4014410/2913968.pdf
https://mb.cision.com/Public/1831/4014410/b1df24483e2bcb47.pdf
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