Sweden's BE Group Q3 net sales rise 13%
Sweden's BE Group Q3 net sales rise 13%
Overview
Swedish steel distributor's Q3 net sales rose 13% yr/yr
Underlying operating result improved to SEK 4 mln from a loss last year
Company broke even after tax, compared to a loss last year
Outlook
Company expects Nordic steel demand to improve slowly in Q4
Manufacturing industry demand seen improving, residential construction to remain subdued in Q4
Company expects steel prices to remain stable or rise slightly in Q4
Result Drivers
MARGIN IMPROVEMENT - Co said pricing, product mix and margin improvement measures in Finland contributed to results
DATA CENTER PROJECTS - Successful deliveries of customized steel solutions to data center projects supported results
EFFICIENCY GAINS - Co said measures to increase efficiency and improve commercial management contributed to operating result
Company press release: ID:nMFN90rXQt
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Sales |
| SEK 974 mln |
|
Q3 Loss Per Share |
| SEK 0.01 |
|
Q3 Net Income |
| SEK 0 |
|
Q3 Adjusted EBIT |
| SEK 4 mln |
|
Q3 EBIT |
| SEK 4 mln |
|
Reuters Recommended Reads
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Oct 21 - Sweden's HMS Networks Q3 sales rise 15%, meet expectations
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)