Reported Earnings • Apr 23
First quarter 2026 earnings released: EPS: kr0.25 (vs kr1.08 loss in 1Q 2025) First quarter 2026 results: EPS: kr0.25 (up from kr1.08 loss in 1Q 2025). Revenue: kr1.02b (down 7.5% from 1Q 2025). Net income: kr5.00m (up kr19.0m from 1Q 2025). Profit margin: 0.5% (up from net loss in 1Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 57 percentage points per year, which is a significant difference in performance. Announcement • Apr 23
BE Group AB (publ) Elects Peter Wennerstein as Board Member BE Group AB (publ) at its AGM held on April 22, 2026, announced that Peter Wennerstein was elected as new board member. Peter Wennerstein, born in 1974, holds a M.Sc. (Economics and Business) and is employed by AB Traction (publ). Peter Wennerstein has previous experience from leading roles within Kesko Sweden and FM Mattsson Mora Group. Peter Wennerstein is to be considered independent in relation to the Company and the Company's executive management but not in relation to the Company´s principal owners. Reported Earnings • Jan 29
Full year 2025 earnings released: kr35.55 loss per share (vs kr3.24 loss in FY 2024) Full year 2025 results: kr35.55 loss per share (further deteriorated from kr3.24 loss in FY 2024). Revenue: kr3.93b (down 16% from FY 2024). Net loss: kr538.0m (loss widened kr496.0m from FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 76 percentage points per year, which is a significant difference in performance. Reported Earnings • Oct 25
Third quarter 2025 earnings released: kr1.93 loss per share (vs kr1.39 profit in 3Q 2024) Third quarter 2025 results: kr1.93 loss per share (down from kr1.39 profit in 3Q 2024). Revenue: kr859.0m (down 19% from 3Q 2024). Net loss: kr29.0m (down 261% from profit in 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 96 percentage points per year, which is a significant difference in performance. Announcement • Oct 15
BE Group AB (publ), Annual General Meeting, Apr 22, 2026 BE Group AB (publ), Annual General Meeting, Apr 22, 2026, at 16:00 W. Europe Standard Time. Location: malmo Sweden New Risk • Sep 20
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 50% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Shares are highly illiquid. Earnings have declined by 41% per year over the past 5 years. Shareholders have been substantially diluted in the past year (50% increase in shares outstanding). Minor Risk Market cap is less than US$100m (kr521.9m market cap, or US$55.5m). Announcement • Sep 18
BE Group AB (publ) has completed a Follow-on Equity Offering in the amount of SEK 142.815244 million. BE Group AB (publ) has completed a Follow-on Equity Offering in the amount of SEK 142.815244 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 6,491,602
Price\Range: SEK 22
Transaction Features: Rights Offering New Risk • Jul 17
New major risk - Financial position The company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Shares are highly illiquid. Earnings have declined by 41% per year over the past 5 years. Minor Risk Market cap is less than US$100m (kr425.2m market cap, or US$43.8m). Announcement • Apr 23
Be Group AB (Publ) Elects Alexander Svedulf as New Board Member BE Group AB (publ) announced that Alexander Svedulf was elected as new Board member. Reported Earnings • Mar 30
Full year 2024 earnings released: kr3.24 loss per share (vs kr4.62 loss in FY 2023) Full year 2024 results: kr3.24 loss per share (improved from kr4.62 loss in FY 2023). Revenue: kr4.67b (down 12% from FY 2023). Net loss: kr42.0m (loss narrowed 30% from FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 69 percentage points per year, which is a significant difference in performance. Announcement • Mar 21
BE Group AB (publ), Annual General Meeting, Apr 23, 2025 BE Group AB (publ), Annual General Meeting, Apr 23, 2025, at 16:00 W. Europe Standard Time. Location: at highcourt, malmohusvagen 1, malmo Sweden Announcement • Nov 26
BE Group Streamlines Moves Operations from Poland to Sweden and Finland BE Group has now decided to relocate the operations to Sweden and Finland and close the Polish operations. This will generate cost rationalization, increased capacity utilization and reduced CO2 footprint in the Group. BE Group's Polish operations were established in 2001 and today has sales and production in Trebaczew. During 2023, the company's external turnover was 1.5% of the Group's total turnover of SEK 5.3 billion. The closure will take place in the coming six months and affects approximately 80 employees. The one-off cost is estimated to amount to approximately SEK 30 M and will affect the result for the current year. The closure is deemed to have an ongoing positive effect with a payback period of less than 1 year. An updated estimation will be presented in connection with the publishing of the fourth quarter report. Reported Earnings • Oct 18
Third quarter 2024 earnings released: EPS: kr1.36 (vs kr3.24 loss in 3Q 2023) Third quarter 2024 results: EPS: kr1.36 (up from kr3.24 loss in 3Q 2023). Revenue: kr1.06b (down 11% from 3Q 2023). Net income: kr18.0m (up kr60.0m from 3Q 2023). Profit margin: 1.7% (up from net loss in 3Q 2023). The move to profitability was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 72 percentage points per year, which is a significant difference in performance. New Risk • Aug 30
New major risk - Revenue and earnings growth Earnings have declined by 0.005% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Earnings have declined by 0.005% per year over the past 5 years. Minor Risk Market cap is less than US$100m (kr647.9m market cap, or US$63.2m). Recent Insider Transactions • Aug 07
Independent Director recently bought kr2.1m worth of stock On the 2nd of August, Petter Stillstrom bought around 40k shares on-market at roughly kr52.15 per share. This transaction amounted to 57% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought kr3.2m more in shares than they have sold in the last 12 months. Reported Earnings • Jul 14
Second quarter 2024 earnings released: EPS: kr0.077 (vs kr1.46 in 2Q 2023) Second quarter 2024 results: EPS: kr0.077 (down from kr1.46 in 2Q 2023). Revenue: kr1.27b (down 9.5% from 2Q 2023). Net income: kr1.00m (down 95% from 2Q 2023). Profit margin: 0.1% (down from 1.4% in 2Q 2023). Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, while revenues in the Trade Distributors industry in the United Kingdom are expected to remain flat. Announcement • Jun 19
Be Group AB Appoints Petteri Korpioja as New Managing Director for Be Group Oy AB and Will Be Member of Group Management Petteri Korpioja has been recruited as new Managing Director for BE Group Oy Ab and will be a member of Group Management. Petteri most recently comes from a role as CEO at Saalasti Oy and has long experience from leading positions in both Finland and abroad. The current Managing Director, Lasse Levola, has decided to retire and is leaving BE Group after almost 20 years within the company. Petteri will start as Managing Director in the beginning of November at the latest. Announcement • Apr 19
BE Group AB (publ) Elects Anders Rothstein as Board Member and Chairman of the Board BE Group AB (publ) at its AGM, held on April 18, 2024, approved the election of Anders Rothstein as Board member and Chairman of the Board. Announcement • Mar 26
BE Group AB (publ) Will Close Loss-Making Operations in the Baltics BE Group OU, which includes sales unit and warehouse in Maardu (Estonia) and sales units in Riga (Latvia) and Kaunas (Lith Lithuania) has, despite extensive improvement measures taken to reach profitability, continued to generate losses. Decision has therefore been taken to close operations in Baltics. Net sales in 2023 was SEK 268 million and the operating result amounted to SEK 10 million. The closure will take place during the second quarter and affects approximately 25 employees. One-off cost is estimated to amount to approximately SEK 35 million and will affect the result for the current year. The closure is estimated to generate approximately SEK 30 million in positive cash flow impact. Reported Earnings • Mar 22
Full year 2023 earnings released: kr4.62 loss per share (vs kr24.96 profit in FY 2022) Full year 2023 results: kr4.62 loss per share (down from kr24.96 profit in FY 2022). Revenue: kr5.33b (down 23% from FY 2022). Net loss: kr60.0m (down 119% from profit in FY 2022). Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 2.1% growth forecast for the Trade Distributors industry in the United Kingdom. Recent Insider Transactions • Mar 09
Independent Director recently bought kr249k worth of stock On the 7th of March, Lars Nilsson bought around 5k shares on-market at roughly kr49.86 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth kr505k. Insiders have collectively bought kr813k more in shares than they have sold in the last 12 months. Recent Insider Transactions • Feb 25
Independent Director recently bought kr505k worth of stock On the 21st of February, Petter Stillstrom bought around 10k shares on-market at roughly kr50.52 per share. This transaction amounted to 14% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought kr563k more in shares than they have sold in the last 12 months. Reported Earnings • Jan 26
Full year 2023 earnings released: kr4.59 loss per share (vs kr24.96 profit in FY 2022) Full year 2023 results: kr4.59 loss per share (down from kr24.96 profit in FY 2022). Revenue: kr5.33b (down 23% from FY 2022). Net loss: kr60.0m (down 119% from profit in FY 2022). Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 1.8% growth forecast for the Trade Distributors industry in the United Kingdom. Announcement • Oct 22
BE Group AB (publ), Annual General Meeting, Apr 18, 2024 BE Group AB (publ), Annual General Meeting, Apr 18, 2024. Reported Earnings • Oct 21
Third quarter 2023 earnings released: kr3.27 loss per share (vs kr2.00 profit in 3Q 2022) Third quarter 2023 results: kr3.27 loss per share (down from kr2.00 profit in 3Q 2022). Revenue: kr1.19b (down 22% from 3Q 2022). Net loss: kr42.0m (down 262% from profit in 3Q 2022). Revenue is forecast to grow 8.5% p.a. on average during the next 3 years, compared to a 9.1% growth forecast for the Trade Distributors industry in the United Kingdom. Buying Opportunity • Oct 21
Now 26% undervalued after recent price drop Over the last 90 days, the stock is down 2.6%. The fair value is estimated to be kr117, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years, while earnings per share has been flat. Upcoming Dividend • Oct 16
Upcoming dividend of kr6.00 per share at 12% yield Eligible shareholders must have bought the stock before 23 October 2023. Payment date: 27 October 2023. The company is not currently making a profit but it is cash flow positive. Trailing yield: 12%. Within top quartile of British dividend payers (6.5%). Higher than average of industry peers (2.3%). New Risk • Aug 16
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: kr1.07b (US$98.2m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite being loss-making. Market cap is less than US$100m (kr1.07b market cap, or US$98.2m). Announcement • Aug 12
BE Group Announces Executive Changes In order to increase efficiency and to close the gap between BE Group's customers and management, a review of the organization is ongoing. As a result of this, an agreement has been made with the current MD for the Swedish operations, Magnus Bosson, who will leave the company during this quarter. Given the current Group structure with a focus on the Nordic customers primarily in Sweden and Finland, Peter Andersson, President and CEO of BE Group, will also assume the role as MD for the Swedish operations. Reported Earnings • Jul 14
Second quarter 2023 earnings released: EPS: kr1.47 (vs kr19.33 in 2Q 2022) Second quarter 2023 results: EPS: kr1.47 (down from kr19.33 in 2Q 2022). Revenue: kr1.41b (down 31% from 2Q 2022). Net income: kr19.0m (down 92% from 2Q 2022). Profit margin: 1.4% (down from 12% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 7.5% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Trade Distributors industry in the United Kingdom. Valuation Update With 7 Day Price Move • Apr 27
Investor sentiment deteriorates as stock falls 28% After last week's 28% share price decline to kr102, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 14x in the Trade Distributors industry in the United Kingdom. Total loss to shareholders of 36% over the past year. Buying Opportunity • Apr 20
Now 29% undervalued Over the last 90 days, the stock is up 20%. The fair value is estimated to be kr164, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last 3 years. Earnings per share has grown by 67%. Revenue is forecast to grow by 16% in 2 years. Earnings is forecast to grow by 8.5% in the next 2 years. Upcoming Dividend • Apr 14
Upcoming dividend of kr6.00 per share at 8.3% yield Eligible shareholders must have bought the stock before 21 April 2023. Payment date: 27 April 2023. Payout ratio is a comfortable 48% but the company is paying out more than the cash it is generating. Trailing yield: 8.3%. Within top quartile of British dividend payers (5.8%). Higher than average of industry peers (2.1%). Valuation Update With 7 Day Price Move • Apr 05
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to kr131, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 14x in the Trade Distributors industry in the United Kingdom. Total loss to shareholders of 23% over the past year. Reported Earnings • Mar 31
Full year 2022 earnings released Full year 2022 results: Revenue: kr6.88b (up 28% from FY 2021). Net income: kr324.0m (down 35% from FY 2021). Profit margin: 4.7% (down from 9.2% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Trade Distributors industry in the United Kingdom. Valuation Update With 7 Day Price Move • Jan 06
Investor sentiment improved over the past week After last week's 25% share price gain to kr97.30, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 11x in the Trade Distributors industry in the United Kingdom. Total loss to shareholders of 25% over the past year. Reported Earnings • Oct 25
Third quarter 2022 earnings released: EPS: kr2.00 (vs kr13.48 in 3Q 2021) Third quarter 2022 results: EPS: kr2.00 (down from kr13.48 in 3Q 2021). Revenue: kr1.51b (up 10% from 3Q 2021). Net income: kr26.0m (down 85% from 3Q 2021). Profit margin: 1.7% (down from 13% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 2.8% growth forecast for the Trade Distributors industry in the United Kingdom. Announcement • Oct 20
BE Group AB (publ) to Report Fiscal Year 2022 Results on Jan 26, 2023 BE Group AB (publ) announced that they will report fiscal year 2022 results at 2:00 PM, Central European Standard Time on Jan 26, 2023 Recent Insider Transactions • Jul 20
President & CEO recently bought kr52k worth of stock On the 13th of July, Peter Andersson bought around 500 shares on-market at roughly kr104 per share. This was the largest purchase by an insider in the last 3 months. Peter has been a buyer over the last 12 months, purchasing a net total of kr98k worth in shares. Reported Earnings • Jul 14
Second quarter 2022 earnings released: EPS: kr19.30 (vs kr9.74 in 2Q 2021) Second quarter 2022 results: EPS: kr19.30 (up from kr9.74 in 2Q 2021). Revenue: kr2.04b (up 46% from 2Q 2021). Net income: kr251.0m (up 98% from 2Q 2021). Profit margin: 12% (up from 9.1% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 2.1%, compared to a 7.9% growth forecast for the industry in the United Kingdom. Valuation Update With 7 Day Price Move • Mar 01
Investor sentiment improved over the past week After last week's 17% share price gain to kr142, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 19x in the Trade Distributors industry in the United Kingdom. Buying Opportunity • Feb 21
Now 21% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be kr154, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 87% per annum over the last 3 years. Valuation Update With 7 Day Price Move • Feb 03
Investor sentiment improved over the past week After last week's 20% share price gain to kr143, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 20x in the Trade Distributors industry in the United Kingdom. Recent Insider Transactions • Feb 03
Independent Chairman recently bought kr477k worth of stock On the 28th of January, Jorgen Zahlin bought around 4k shares on-market at roughly kr119 per share. This was the largest purchase by an insider in the last 3 months. This was Jorgen's only on-market trade for the last 12 months. Reported Earnings • Jan 28
Full year 2021 earnings: EPS in line with expectations, revenues disappoint Full year 2021 results: EPS: kr38.10 (up from kr0.31 in FY 2020). Revenue: kr5.39b (up 47% from FY 2020). Net income: kr495.0m (up kr491.0m from FY 2020). Profit margin: 9.2% (up from 0.1% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 3.9%. Over the next year, revenue is expected to shrink by 8.5% compared to a 4.9% growth forecast for the industry in the United Kingdom. Valuation Update With 7 Day Price Move • Jan 19
Investor sentiment deteriorated over the past week After last week's 16% share price decline to kr116, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 21x in the Trade Distributors industry in the United Kingdom. Reported Earnings • Oct 22
Third quarter 2021 earnings released The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: kr1.38b (up 85% from 3Q 2020). Net income: kr175.0m (up kr179.0m from 3Q 2020). Profit margin: 13% (up from net loss in 3Q 2020). The move to profitability was driven by higher revenue. 