BE Group Publishes the Annual Report for 2015

Regulatory News:

BE Group’s Annual Report for 2015 has now been published and is available on the Group’s website, www.begroup.com.

In his CEO-statement, Anders Martinsson comments that "It was another challenging year for the steel industry in 2015. Steel consumption remained on a level that the industry last saw at the beginning of the 2000s. The development of recent years with decreased domestic consumption in China and increased exports to Europe has challenged the European producers and the industry has experienced further price pressure.”

In the outlook for 2016, Anders Martinsson, says: "In our assessment, we will see a weak recovery in our main markets during the year, but in the work under way, we assume that we will not get any help from the market. Consequently, we focus on the factors we can influence ourselves, such as expanding our customer base and taking market shares, as well as increasing the margins and becoming even more efficient.”

BE Group, listed on the Nasdaq Stockholm exchange, is a trading and service company in steel, stainless steel and aluminium. BE Group offers efficient distribution and value-adding production services to customers primarily in the construction and engineering sectors. In 2015, the Group reported sales of SEK 4.2 billion. BE Group has about 770 employees, 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.

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