BE Group is closing the Danish operation BE Group, the Nordic region's leading independent trading and service company in steel, stainless steel and aluminium, is closing its operation in Denmark. It consists of a sales office in Copenhagen with seven employees. The decision to close the operation in Denmark has been motivated by the profit development in recent years. “The Danish operation has not developed as we had expected. The difference in the structure of the business compared with our other markets also contributed to the decision,” says Roger Johansson, President and CEO of BE Group. “We are resolute in focusing our resources to those markets where we see the greatest potential for profitable growth, and that simply is not the case in Denmark.” The Danish operation will be closed with immediate effect. The total cost for the closure is estimated at approximately SEK 4M, which will be charged against earnings for the first quarter of 2011. Roger Johansson, President and CEO, BE Group Tel. 46 (0)733 188 758, e-mail: roger.johansson@begroup.com (roger.johansson@begroup.com) Torbjörn Clementz, CFO and Executive Vice President Tel. 46 (0)70 869 07 88, e-mail: torbjorn.clementz@begroup.com (torbjorn.clementz@begroup.com)
BE Group is closing the Danish operation
| Source: BE Group AB