BE Group is closing the Danish operation

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)