Year-end report May 1 2017 – April 30 2018
Historically good year for the Be-Ge Group
The year-end report for the Be-Ge Group for the financial year ending April 30, 2018 shows historically positive figures.
- The turnover for the group exceeded SEK 1 billion for the first time and amounted to MSEK 1 048 (l.y. MSEK 915).
- Earnings before taxes amounted to MSEK 65 (l.y. MSEK 57).
- The group employed 550 persons, whereof 177 employees in our companies outside Sweden.
During the fiscal year 2017-18 the group has made investments for more than MSEK 62. In July 2017 the Scania truck dealer Visby Tunga Fordon AB was acquired. The company sells and performs service on Scania trucks and buses in the district of Gotland. As per April 30, 2018 the companies Frapett Produktion AB and Mönsterås Pressdetaljer AB were acquired, both companies situated in Mönsterås. Frapett Produktion AB manufactures office-, saddle and support chairs and is a good complement to Be-Ge Industri ABs manufacturing of office and surveillance chairs. Mönsterås Pressdetaljer AB is a manufacturer of sheet metal- and tube components and strengthens our business within the Component Division. Be-Ge Industri AB has also acquired the real estate situated next to its production site in Oskarshamn, to secure our manufacturing capacity for the future. The group’s strong cash flow has made those investments possible without any external financing.
Be-Ge Företagen ABs CEO Håkan Hjalmarsson:
”The fiscal year 2017-18 has been a very successful year for the Be-Ge Group, with earnings before taxes that are all time high. Our profitability and positive cash flow during the last years are explained by the group’s and owner’s ambition to invest in the long term. For the next fiscal year we see good opportunities for business to grow in all of our divisions”.
For more information, please contact:
Håkan Hjalmarsson, CEO, +46 70 624 35 37
About the Be-Ge Group
Be-Ge Group operates in three divisions, Be-Ge Vehicle Division, Be-Ge Component Division and Be-Ge Seating Division. The Group employs more than 1 billion and has 550 employees in 7 countries.