Sweden steel distributor BE Group's Q1 sales fall 8% as market stays weak

BE AB (publ)

22/04/2026 10:08

Overview

Sweden steel distributor's Q1 net sales fell 8% yr/yr amid weak market conditions

Operating result turned positive, supported by inventory gains and cost efficiencies

EPS improved to SEK 0.25 from a loss last year

Outlook

Company expects construction segment recovery to continue, mainly in infrastructure, but at a slower pace

BE Group expects steel prices to rise further in Q2, driven by regulatory and cost factors

Company sees ongoing volatility in raw material and freight markets causing short-term demand and price fluctuations

Result Drivers

LOW DEMAND - Co said weak market conditions and generally low underlying demand weighed on sales

INVENTORY GAINS - Operating result benefited from inventory gains, per CEO Johan Wiig

COST EFFICIENCIES - Co said cost efficiencies contributed to improved operating result

Company press release: ID:nMFN60g8kr

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
SEK 1.02 bln
Q1 EPS
SEK 0.25
Q1 Net Income
SEK 5 mln
Q1 Adjusted EBIT
-SEK 2 mln
Q1 EBIT
SEK 8 mln


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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.)