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BE Group suffers losses in Q1 2010, but market starts to recover

April 28, 2010 - 16:44 GMT Location: London

KEYWORDS: EU , BE Group , Interim report

Sweden’s BE Group suffered losses in the first quarter of 2010. But demand is increasing and recovery of apparent consumption is expected for the remainder of the year, the group said in its first-quarter 2010 interim report.

“The trend in BE Group's markets was characterised by recovery and demand rose towards the end of the quarter. We are seeing improved economic conditions and are continuing to increase our deliveries to customers in the OEM segment,” BE Group president and ceo Lars Bergström said in a statement. Results improved gradually over the quarter and in...

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