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.