18.10.2022

Akobo Minerals starts Mine Development

Akobo Minerals (Euronext Oslo – “AKOBO”), the Scandinavian-based Ethiopian gold exploration and boutique mining company, announced that its mining contractor IW Mining Pty (Ltd) has arrived at site.  

17.10.2022

The City of Fribourg supplements Rockfall Protection with Remote Monitoring

The city of Fribourg secures various roads that lie below rock faces with rockfall protection barriers. To monitor the condition of these barriers, it is installing 16 GUARD monitoring devices. With the new safety concept, the city can effectively and specifically protect the routes that are well used by local recreationists.  

12.10.2022

SMT Scharf AG expects Revenue and Earnings in 2022 to exceed the Year before

• Revenue and earnings in financial year 2022 likely to exceed current market expectations
• Business in core international markets is developing better than expected

11.10.2022

Epiroc wins large equipment order for new iron ore mine in China

Epiroc, a leading productivity and sustainability partner for the mining and Infrastructure industries, has won a large order for underground mining equipment from Luannan Macheng Mining in China.  

10.10.2022

BE Group’s operating result for the third quarter 2022 is estimated to SEK 40 M

BE Group’s operating result for the third quarter 2022 is estimated to SEK 40 M (credits: BE Group)

BE Group’s operating result for the third quarter 2022 has been negatively affected by the situation in the surrounding world. The Group’s net sales is expected to amount to approximately SEK 1,514 M (1,375) and the underlying operating result is expected to amount to approximately SEK 67 M (193). The operating result including inventory gains and losses is expected to amount to approximately SEK 40 M (219). Decreased volume and high costs for incoming material contributes to lower margins and thus a weaker result for the third quarter. A trend that, for the time being, is expected to continue during the fourth quarter.

For the first nine months, the Group’s net sales is expected to amount to approximately SEK 5,403 M (3,878) and the underlying operating result is expected to amount to approximately SEK 538 M (394). The operating result including inventory gains and losses is expected to amount to approximately SEK 537 M (463), which means that 2022 in total have good possibility to become another strong year in terms of result.

All figures in this press release are preliminary and the final report for the third quarter 2022 will be published on October 19, 2022 at 2:00 pm CET. BE Group will not make any further comments until after the interim report for the third quarter has been published.

About BE Group

BE Group, which is 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 manufacturing industries. In 2021, the Group reported sales of SEK 5.4 billion. BE Group has approximately 630 employees, with Sweden and Finland as its largest markets. The head office is located in Malmö, Sweden.

Source: BE Group

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