BE Group (BEGR) investor relations material

Executive summary

• Net sales for Q2 2026 increased by 1% year-over-year to SEK 1,056 M, driven by higher steel prices and improved operational efficiency.

• Operating result for Q2 rose to SEK 20 M from a loss of SEK -492 M, with underlying operating result at SEK 8 M versus SEK -36 M.

• Cash flow from operating activities improved to SEK 22 M in Q2, up from SEK -4 M last year.

• Both Swedish and Finnish business areas delivered positive underlying results, with Finland showing notable efficiency gains.

Financial highlights

• Q2 gross profit increased to SEK 153 M (from SEK 111 M), with gross margin rising to 14.5% (10.7%).

• Q2 operating margin improved to 1.9% (from -47.1%), and underlying operating margin to 0.8% (from -3.4%).

• Earnings per share for Q2 reached SEK 0.71 (from SEK -35.26); for the first six months, SEK 0.96 (from SEK -36.34).

• Net sales for the first six months decreased by 3% to SEK 2,078 M, mainly due to lower tonnage in Sweden.

• Cash and cash equivalents at period end were SEK 187 M, with net debt (excl. IFRS 16) at SEK 339 M.

Outlook and guidance

• Nordic steel market is gradually recovering, with increased activity in manufacturing and infrastructure projects.

• Q3 expected to remain seasonally weaker but with continued modest recovery in Sweden and Finland.

• Steel prices anticipated to stay stable for thin sheets and long products, but rise for heavy plate and stainless steel.