Brief: BE Group Q1 Net Sales Rise To SEK 1.85 Bln

BE AB (publ)

21/04/2022 11:15

April 21 (Reuters) - BE Group AB (publ)  BEGR.ST :
    * BE GROUP Q1 2022
    * Q1 NET SALES INCREASED BY 68% TO SEK 1,845 M (1,100)
    * Q1 OPERATING RESULT INCREASED TO SEK 184 M (86), INCLUDING
INVENTORY GAINS OF SEK 4 M (18)
    * RESULT AFTER TAX INCREASED TO SEK 148 M
    * THERE IS ABSOLUTELY A RISK THAT RADICALLY INCREASED PRICES
COULD
LEAD TO INVESTMENTS BEING POSTPONED
    * LESS DEMAND CAN COMPENSATE FOR DECREASED SUPPLY DUE TO
ABSENCE
OF MATERIALS FROM RUSSIA AND UKRAINE.
    * EARNINGS PER SHARE INCREASED TO SEK 11.41 (4.88)
    * ABOUT 10% OF BE GROUP'S TOTAL STEEL PURCHASES IN 2021 CAME
FROM
RUSSIAN-CONTROLLED STEEL PRODUCERS
    * STEEL PRICES WILL REMAIN HIGH IN Q2 AND, IN SHORT TERM, WE
DO
NOT SEE ANY DECLINE IN DEMAND.
    * THERE ARE GOOD POSSIBILITIES FOR BE GROUP TO DELIVER A
SIGNIFICANTLY IMPROVED Q2 COMPARED TO Q1 THIS YEAR.
    * IN SHORT TERM, WE DO NOT SEE ANY DECLINE IN DEMAND
    * THAT THERE ARE GOOD POSSIBILITIES FOR BE GROUP TO DELIVER
A
SIGNIFICANTLY IMPROVED Q2 COMPARED TO Q1 THIS YEAR

Source text for Eikon:  ID:nWkr15Ps3H 
Further company coverage:  BEGR.ST 

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