Q4 Underlying Operating Result Amounted To SEK 9 mln
30/01/2020 06:51
Jan 30 (Reuters) - BE Group AB (publ) BEGR.ST :
* BE GROUP YEAR-END REPORT 2019 - THE BOARD OF DIRECTORS PROPOSES DIVIDEND OF SEK 1.75 PER
SHARE
* Q4 UNDERLYING OPERATING RESULT AMOUNTED TO SEK 9 M (17)
* Q4 NET SALES SEK 984 MILLION VERSUS SEK 1.15 BILLION YEAR AGO
* RELATIVELY STABLE STEEL PRICES DURING QUARTER GENERATED A MINOR INVENTORY LOSS OF SEK 1 M,
COMPARED TO AN INVENTORY GAIN OF SEK 1 M SAME PERIOD LAST YEAR
* IMPLEMENTED EFFICIENCY IMPROVEMENTS AND OTHER IMPROVEMENT MEASURES HAVE CONTRIBUTED TO
STRENGTHENING OF GROSS MARGIN BY 0.8 PERCENTAGE POINTS DURING QUARTER COMPARED TO LAST YEAR
* WEAKER OPERATING RESULT WAS COMPENSATED BY A DECREASE IN WORKING CAPITAL, WHICH GENERATED
A
STRONG CASH FLOW DURING PERIOD.
* INVESTMENTS IN NORRKÖPING, TOTALLING APPROXIMATELY SEK 60 M, ARE PROCEEDING ACCORDING TO
PLAN
AND WILL CLEARLY STRENGTHEN GROUP'S COMPETITIVENESS
Source text for Eikon: ID:nWkr4gqfHq
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