BE Group Year-end report 2013 – improved earnings during

New Post Public Reply Private Reply Replies (0) Message Board
News Desk 2018
BE Group Year-end report 2013 – improved earnings during Q4 and new financing agreement

· Net sales fell by 4 percent compared with the preceding year, amounting to SEK 957 M (998). Shipped tonnage decreased by 2 percent. · The operating result improved to a loss of SEK 4 M (42) and the underlying operating result improved to SEK 0 M (33). · Visible effects of cost-reduction and improved gross margin. · The Board of Directors proposes, as for the preceding year, that no dividend be paid to shareholders for the 2013 financial year. · After the end of the reporting period, the Board of Directors has resolved on a rights issue of SEK 160 M. The issue is fully secured and requires the approval of an Extraordinary General Meeting to be held on February 11. Furthermore, a new three year credit agreement has been signed. The total credit facility amounts to SEK 1,250 M and is dependent on the finalization of the new share issue. The President and CEO of BE Group, Kimmo Väkiparta, comments on the report for the fourth quarter of 2013: ”The demand levels that we saw following the vacation period generally remained intact during the quarter, with the exception of the seasonal decline towards the end of the year. Sales prices also remained largely unchanged in relation to the preceding quarter. Compared with the preceding year, we see a clearly more stable market situation. Combined with an increased gross margin and lower costs, clear effects of our internal measures have given us a substantial improvement in earnings compared with the preceding year. Based on signals from customers, improved demand is indicated for 2014. Consequently, we expect a recovery in demand in the Group’s markets during the year compared with the last quarter 2013. The Group's competitiveness will continue to improve following the implemented efficiency improvement and the new share issue that has been decided will give us a stronger financial position as we move forward.” For further information, please contact: Kimmo Väkiparta, President and CEO tel.: +46 (0)705 972 342  e-mail: kimmo.vakiparta@begroup.com Torbjörn Clementz, CFO and Executive Vice President tel.: +46 (0)708 690 788  e-mail: torbjorn.clementz@begroup.com Today, at 09:00 a.m. CET, Kimmo Väkiparta and Torbjörn Clementz will comment on development at a conference with market analysts and the press. The conference may be followed via webcast or by phone (see information below). If you wish to participate via webcast and/or ask questions at the press conference, please copy and paste the following link into your web browser to register online. Make sure to include the full link. http://www.media-server.com/m/p/eiosuciy The following telephone number can be used to participate in the presentation: Sweden:   +46 (0)8 505 56 474 UK:   +44 (0)203 364 53 74 US:   +1 855 753 22 30 BE Group, listed on the NASDAQ OMX Stockholm exchange, is a trading and service company in steel and other metals. BE Group provides various forms of service for steel, stainless steel and aluminium applications to customers primarily in the construction and engineering sectors. In 2013, the Group reported sales of SEK 4.0 Bn. BE Group has approximately 800 employees, with Sweden and Finland as its largest markets. The head office is located in Malmö, Sweden. Read more about BE Group at www.begroup.com

Scroll down for more posts ▼

Top 10 Most Recent News Articles

USD 6.8 Million for Disease R&D: GHIT's Bold Bet

Updated Category News Views 55

GHIT Fund Pumps Millions Into Health R&D In a world plagued by infectious disease outbreaks and continual health challenges, the Global Health Innovative Technology (GHIT) Fund isn't just twiddling its thumbs—they're throwing down around $6.8 million to wrestle some of the nastiest bugs out there, like malaria and Ebola. This cash doubles down on nine risky gambles,...

Continue Reading
Oracle's Bold Vision: Targeting $225B Revenue by 2030

Updated Category News Views 132

Oracle Lays Down a Bold Gauntlet Oracle Corporation (NYSE: ORCL) sure knows how to draw the spotlight. With their recent Investor Day in Vegas, they've laid out ambitions that could make even the most seasoned Wall Streeter spit out their coffee. Who would've thought they'd be betting on a whopping $225 billion in revenue by FY30? That's supposed to be a more than 35%...

Continue Reading
Coffee Bean Brews Up Nostalgia with Tiramisu Treats

Updated Category News Views 96

Pouring Old Favorites: The Tiramisu Return When the aromas of coffee and nostalgia waft through the air, it's often a sign that The Coffee Bean & Tea Leaf® is brewing something special. This year, they've decided to double down on the holiday cheer by reintroducing their wildly popular Tiramisu beverage. This ain't just your run-of-the-mill coffee drink—it's a full-on...

Continue Reading
EQS Group Unveils 'Q': AI-Driven Compliance Revolution

Updated Category News Views 129

Compliance in the Fast Lane The compliance world just got a hefty upgrade with EQS Group's latest rollout: 'Q by EQS,' an AI-powered intelligence layer that's here to shake up the way compliance tasks are handled. It's integrated right into the heart of the EQS Compliance Cockpit, giving teams an edge by automating those pesky, time-sucking routines and guiding them...

Continue Reading
Liberty Systems Expands Operations with Major HQ Move

Updated Category News Views 83

Hardly a yawn-worthy move, folks. Liberty Systems up and switched from Waukesha to Oconomowoc, boosting its digs to a sprawling 100,000-square-foot headquarters. It's a classic tale of growth for the Wisconsin-based company known for its on-site nitrogen generators and compressed air systems. Now, I'm telling you, they've more than doubled production capacity—that's a...

Continue Reading
Bank Leumi Q3 Earnings Preview: Key Dates & Insights

Updated Category News Views 75

A Closer Look at Bank Leumi's Upcoming Q3 Release Take a seat, folks. Bank Leumi’s gearing up to spill the beans on their Third Quarter 2026 earnings come November 17th. If you’re in the financial world, you might want to mark your calendar because these reports tend to shake things up. You know how these go - numbers rolling out, market responses, and plenty of...

Continue Reading
Doximity Faces Legal Heat: 23% Stock Plunge Analyzed

Updated Category News Views 12

Doximity's Rollercoaster: Steep Drop Amid Lawsuits Imagine watching your portfolio take a gut-wrenching plunge—and that's the rollercoaster ride Doximity investors experienced. On May 14, 2026, Doximity's stock nosedived by 23%, closing at $18.01 per share. This tumble, which marked a painful conclusion to a series of financial disappointments, has thrown the company...

Continue Reading
Data Breach at Lumara Bio: Privacy Lawsuits Loom

Updated Category News Views 36

Another Day, Another Data Breach It seems like you can’t throw a stone without hitting a data breach these days—and this time, it’s Lumara Bio USA’s turn under the spotlight. The Princeton-based oncology therapeutics outfit, part of Germany’s ITM Isotope Technologies, spilled some beans it never meant to. We're talking some pretty sensitive stuff here, folks....

Continue Reading
Wendy's Faces Takeover Bid Amid Strategic Focus Shift

Updated Category News Views 101

Behind the Unsolicited Offer Folks, it looks like Wendy's (NASDAQ:WEN) got itself mixed up in some high-stakes shenanigans. An unsolicited, non-binding proposal slammed into them, courtesy of the Investor Group led by Trian Partners, Flynn Group LP, BlueFive Capital, and Sixth Street Partners, itching to scoop up every last piece of Wendy’s stock they ain't already...

Continue Reading
Custom Homes Shine: Florida’s Lucrative Property Move

Updated Category News Views 24

Why Custom Homes Are Worth the Investment in Florida Ever thought about sinking some cash into Florida's real estate game? Well, building a custom home might just be your golden ticket, according to Paul H Schaefer II from Sage Homes LLC. I mean, everyone knows Florida's housing market is as spicy as a chili pepper, but custom homes seem to be the secret sauce here....

Continue Reading

Top 5 Most Recently Viewed Articles

Join the Movement: Spread Hope This Holiday Season

Updated Category News Views 118

Donate to Toys for Tots This Holiday Season As the festive season approaches, the Marine Corps Reserve Toys for Tots Program urges citizens to become Secret Santas for children in need. Economic challenges have significantly impacted families this year, elevating the urgency of support for those facing tough times. The Importance of Giving "The holiday season should be...

Continue Reading
Tineco Innovates Cleaning Solutions with Smart Technology for Home

Updated Category News Views 268

Revolutionizing Home Cleaning with Smart Technology In today's fast-paced world, efficiency in household chores is more important than ever. Tineco, a leader in smart home solutions, is at the forefront of this revolution with its innovative range of floor washing products. These smart devices are not just ordinary cleaning tools; they transform the way we approach...

Continue Reading
Early Results of Newcastle Coal's Cash Tender Offer Revealed

Updated Category News Views 313

Early Tender Results Unveiled by Newcastle Coal Infrastructure Group Newcastle Coal Infrastructure Group Pty Ltd (the "Company"), a fully-owned subsidiary of NCIG Holdings Pty Ltd, has disclosed early tender results for its previously announced cash tender offers, referred to collectively as the "Offers." These results provide insight into the current status of certain...

Continue Reading
Analyzing KNOT Offshore Partners' Earnings Insights Ahead

Updated Category News Views 141

Insight into KNOT Offshore Partners' Upcoming Earnings Report KNOT Offshore Partners (NYSE: KNOP) is preparing to unveil its quarterly earnings soon. Investors are keenly awaiting details of this upcoming announcement, which is expected to offer valuable insights. Analyst Estimates for EPS Analysts are projecting that KNOT Offshore Partners will report an earnings per...

Continue Reading
ZOTAC Unveils Cutting-Edge Gaming and AI Innovations at Event

Updated Category News Views 255

Exciting Product Launches from ZOTAC ZOTAC is set to unveil an impressive lineup of products at COMPUTEX 2025, showcasing its commitment to innovation in gaming and AI technology. The focus will be on state-of-the-art graphics cards, compact handheld consoles, and cutting-edge AI-accelerated systems designed for gamers and professionals alike. Showcasing the Latest in...

Continue Reading