Brief: BE Group closing businesses in Czech Republic and Slovakia
30/03/2016 06:45
March 30 (Reuters) - BE Group BEGR.ST
* 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 SEK 382 M during 2015
and the operating result amounted to SEK -32 M including
non-recurring items of SEK -20 M
* 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 sek 45 m of which sek
10 m affects cash-flow
* Says the cost will impact the current year result. An
updated assessment will be given when the result for the first
quarter is published
Source text for Eikon: ID:nWkrcC5568
Further company coverage: BEGR.ST
(Reporting by Stockholm Newsroom)
((stockholm.newsroom@thomsonreuters.com; +46-(0)8-700 10 17;))