Steel, stainless steel and aluminium producer and distributor
BE Group's net sales fell 5% in the first quarter of 2012, year
on year, the company said in its financial report on Wednesday
Net sales were SEK1.436 billion ($212 million) in the first
quarter of the year, down from SEK1.519 million in the first
quarter of 2011.
"We did not manage to reach the same figures we achieved a year
ago. But compared with the end of 2011, we saw a positive
development in the first quarter of 2012. The start of 2012 was
still pervaded by caution, although demand gradually improved
over the quarter," BE Group president, Roger Johansson, stated.
The company added that margins have strengthened in Sweden and
Finland, despite operations in the Czech Republic and Poland
continuing to "burden the results."
Despite a loss in sales, the company affirmed its investments
in advanced production services are now starting to generate
In the first quarter of 2012, the company reported its largest
production service order to date with an order from Volvo
securing the Swedish
steelmaker as principal partner for plate processing for its
"The order from Volvo Construction Equipment [...] is an
important step on the path towards an increased proportion of
service sales," Johansson added.
"Based on dialogues with customers, we expect an improved
demand in the second quarter. At the same time, we see sales
prices rising during the start of the quarter," he added.