BE Group year-end report 2011 – strong cash flow in Q4

BE Group year-end report 2011 – strong cash flow in Q4

• Net sales rose by 2 percent in the fourth quarter compared with the
year-earlier period, amounting to SEK 1,405 M (1,383). Shipped tonnage rose by 5
percent.

• The operating result weakened to a loss of SEK 19 M (8) as a consequence of
inventory losses of SEK 26 M (15) and non-recurring items amounting to a net
negative SEK 11 M.

• The underlying operating result improved to SEK 18 M (7) and cash flow from
operating activities improved strongly to SEK 162 M (58).

• The announced profit improvement program is progressing according to plan.
Costs totaling SEK 26 M were charged against the fourth quarter.

• The Board of Directors proposes that a dividend of SEK 0.25 per share (-) be
paid to shareholders.

The CEO of BE Group, Roger Johansson, made the following comments on the report
for the fourth quarter of 2011:

“The fourth quarter was characterized by continued uncertainty regarding the
economy and price trends, both among producers and customers. Combined with
inventory losses and non-recurring items, this has led to BE Group reporting an
operating loss.

It is positive to note that we improved the underlying operating margin and
generated strong cash flow over the quarter.

The profit improvement program that we adopted in the last quarter is now being
implemented. The program will be completed according to plan in the first
quarter of 2012.

Over the next six months we foresee stable demand with an expected rising price
scenario based on price trends among producers. Combined with implemented
investments and the ongoing profit improvement program, this means we look
forward to 2012 with a certain degree of confidence.”

For further information, please contact:

Roger Johansson, President and CEO

tel.: +46 (0)733 188 758                          e-mail:
roger.johansson@begroup.com

Torbjörn Clementz, CFO and Executive Vice President

tel.: +46 (0)70 869 07 88                         e-mail:
torbjorn.clementz@begroup.com

Today, at 9:00 a.m. CET, Roger Johansson 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://storm.zoomvisionmamato.com/player/begroup/objects/bc0qd3n7/

The following telephone numbers can be used to participate in the presentation:

Sweden:   +46 (0)8 505 598 53

UK:            +44 203 043 24 36

US:            +1 866 458 40 87

The information disclosed here is such that BE Group AB (publ) is required to
disclose pursuant to the Swedish Securities Exchange and Clearing Operations Act
and/or the Swedish Financial Instruments Trading Act. This information was
submitted for publication on February 7, 2012 at 7:45 a.m. CET.

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 2011, the Group reported sales of
SEK 5.9 Bn. BE Group has slightly more than 900 employees in ten countries, 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