Earnings improved despite weak ending to the year

Earnings improved despite weak ending to the year

FOURTH QUARTER 2010
• Net sales rose by 37 percent compared with the year-earlier period,
amounting to SEK 1,383 M (1,011). Shipped tonnage rose by 21 percent.
• The operating result improved to a loss of SEK 8 M (33) as a
consequence of increased sales and lower inventory losses of SEK 15 M
(32). The loss after tax was SEK 18 M (35).
• Underlying EBITA1) rose to SEK 11 M (9), while, as in 2009, the
underlying EBITA margin amounted to 0.8 percent.
• Earnings per share2) were negative in the amount of SEK 0.37 (0.71)
and underlying earnings per share2) were negative in the amount of SEK
0.13 (0.09).
• As a further step in BE Group's strategy to move forward in the value
chain, Lecor Stålteknik was acquired in October.
• The Board of Directors of BE Group AB appointed Roger Johansson as the
new President of the company as of January 1, 2011.

FULL-YEAR 2010
• Net sales amounted to SEK 5,129 M (4,308), which represents an
increase of 19 percent.
• The operating result improved to SEK 98 M (loss 266), including
inventory gains of SEK 23 M (losses 255).
• Underlying EBITA1) amounted to SEK 87 M (4) and the underlying EBITA
margin to 1.7 percent (0.1).
• Earnings per share2) rose to SEK 0.58 (loss 5.00) and underlying
earnings per share2) were SEK 0.24 (loss 0.99).
• The Board of Directors proposes that no dividend (-) be paid to
shareholders for the 2010 financial year.

Please see attachement for the full report.

Roger Johansson, President, 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)