Weak ending of 2010 for BE Group

Weak ending of 2010 for BE Group

BE Group's development in the fourth quarter of 2010 was weaker than
expected. In addition to a normal seasonal downturn towards the end of
the quarter, the Group's earnings have been impacted negatively by a
declining price trend combined with an unfavorable sales mix.

Consolidated revenues for the fourth quarter of 2010 amounted to SEK
1,383 M (1,011), an increase of 37 percent. The operating loss improved
somewhat and amounted to SEK 8 M after inventory losses, compared with a
loss of SEK 33 M for the equivalent period in 2009.

 “For BE Group, the demand trend in the fourth quarter was weaker than
expected. In addition, a weak price trend, combined with an unfavorable
sales mix, resulted in an unsatisfactory margin level. The quarter was
also impacted by higher costs than expected, including a cost of SEK 8 M
for bad debts,” says Roger Johansson, CEO of BE Group since January 1,
2011.

“Since the start of the new year, we have noted a certain increase in
demand. Combined with the increases in steel prices indicated for the
first half of the year, this suggests a more favorable market climate,
which will benefit BE Group,” comments Roger Johansson.

BE Group's sales for the 2010 full-year rose by 19 percent to SEK 5,129
M (4,308). Operating profit improved and amounted to SEK 98 M (loss:
266).

A complete account of developments in the fourth quarter of 2010 and the
final full-year earnings will be presented in BE Group's year-end
report, which is due for publication on February 9, 2011 at 07.30 a.m.
CET.

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

Torbjörn Clementz, CFO and Deputy CEO, tel.: +46 (0)70 869 07 88
e-mail: torbjorn.clementz@begroup.com (torbjorn.clementz@begroup.com)