Be-Ge Annual Report with Sustainability Report 2025

Annual Report with sustainability report in accordance with VSME

Introduction

This Annual Report describes the Be-Ge Group’s operations and development during the financial year 2025. The purpose of the report is to provide a clear, overall view of the Group’s organisation, business operations, financial position and results, and to describe the most important events that have affected operations during the year.

Be-Ge is an industrial Group with long-term ownership and operations in several business areas and geographical markets. The Group’s operations are based on stable values, a clear customer focus and a sense of responsibility that pervades both business decisions and the relationship with employees, business partners and society at large. During the year, these principles have guided the Group’s ongoing work and development.

The Annual Report covers both financial reporting and descriptions of the Group’s Divisions, governance, sustainability work and HR-related matters. Together, the content aims to provide stakeholders with a holistic view of the Be-Ge Group and the conditions that characterise the business, both in a current and a long-term perspective.

Through this report, Be-Ge wants to create transparency around its operations and clarify how the Group works to ensure stable, responsible and sustainable development over time.

Be-Ge in numbers

The number of employees in the Group is 579, of which 178 are employed outside Sweden.

920

SEK 920 million is held by the group in equity.

The Group generates turnover of SEK 1,436 million.

91 years

91 years have passed since Be-Ge was founded.

There are 17 companies in the Group.

29% of sales take place outside Sweden.

Be-Ge operates in 6 countries.

The profit margin for 2025 was 7.8%. 7,8 %

The Group’s equity/assets ratio: 81.7% 81,7 %

112

Profit after financial items: SEK 112 million

66

During the year, the Group invested SEK 66 million.

The Be-Ge Group’s companies

The Be-Ge Group is an international group of companies with 29% of its direct sales going to countries outside Sweden. It operates on the basis of 17 separate legal entities in six European countries. The majority of its operations are located in Sweden.

The business is organised into three Divisions:

» Be-Ge Seating Division

» Be-Ge Component Division

» Be-Ge Vehicle Division

Be-Ge Seating Division

» Be-Ge Seating AB Oskarshamn, Sweden

» Be-Ge Frapett AB Mönsterås, Sweden

» Be-Ge Seating A/S Frøstrup, Denmark

» Be-Ge Seating UK Ltd Derbyshire, United Kingdom

» Be-Ge Seating B.V Zaltbommel, Netherlands

» Be-Ge Seating GmbH Jülich, Germany

» Be-Ge Office AB Oskarshamn, Sweden

Be-Ge Component Division

» Be-Ge Stece AB Mönsterås, Sweden

» Be-Ge Plåtindustri AB Oskarshamn, Sweden

» Be-Ge Lackering AB Oskarshamn, Sweden

» Be-Ge Baltic UAB Klaipeda, Lithuania

Be-Ge Vehicle Division

» Be-Ge Personbilar AB Oskarshamn, Sweden

» Be-Ge Lastbilar AB Oskarshamn, Sweden

» Be-Ge Fordonfinans AB Oskarshamn, Sweden

» Be-Ge Frysen AB Visby, Sweden

The parent company Be-Ge Företagen AB and the real estate company Be-Ge Fastigheter AB are both located in Oskarshamn, Sweden.

An eventful 2025

A lot has happened during a year that was difficult to predict as we stepped into 2025. The year was characterised above all by the changes in the geopolitical situation that took place in connection with the election of a new President in the USA. Both the introduction and threats of new tariffs created uncertainty that had and continues to have a negative impact on economic development. Add to this a continued war in Ukraine and a continued difficult situation in the Middle East. Despite challenging conditions, the Be-Ge Group is delivering a financial result on a par with the previous financial year.

Ett tudelat verksamhetsår

ABåde Be-Ge Seating Division och Be-Ge Component Division hade en besvärlig start på nya verksamhetsåret. Koncernens fordonsdivision, Be-Ge Vehicle Division, påverkades inte i lika hög grad som de båda övriga divisionerna. Försäljningen av fordon samt verkstadsbeläggningen låg kvar på acceptabla nivåer under de första månaderna.

t the beginning of the financial year, it was believed that both falling interest rates and inflation would contribute to an improved economy in the second half of 2025. But US actions in the area of trade, primarily with regard to tariffs, have resulted in an economy that remains cautious. This has meant that demand from the Group’s customers in the automotive segment has been lower than expected, which has had a negative impact on all three Divisions.

Precis innan semestertid började orderingången förbättras något, en trend som ytterligare förstärktes efter sommaren inom samtliga tre divisioner. Under hösten har efterfrågan stärkts alltmer, vilket inneburit att korttidspermitteringarna successivt minskat i omfattning för att fr.o.m. december vara helt avvecklade.

De fyra sista månaderna i koncernens brutna räkenskapsår har präglats av en mycket hög efterfrågan inom samtliga verksamhetsområden. För mars månad har koncernen levererat ett månadsresultat som är det bästa i historien.

In the Be-Ge Seating Division, which manufactures driver and passenger seats, as well as office and surveillance chairs, deliveries to the truck segment in particular saw a drop in volume during the year. In the previous year, driver seats were also delivered to a major train project, volumes that could not be replaced in full during 2025. This means that the driver seat operation posted a decreased result than in the previous year. Passenger seat deliveries have, however, continued to develop very positively and deliver a record result for the financial year. Overall, the outcome for the Division is therefore satisfactory with due reference to the conditions.

The uncertainty in the external environment has resulted in an increased focus on defence capacity, with EU governments in particular significantly increasing their defence budgets and investments in defence. This has created new business opportunities for the companies in the Seating Division, with the business in Denmark securing an order for passenger seats for the defence industry.

Den mycket starka återhämtningen under andra halvan av räkenskapsåret, gör att både omsättning och resultat för helåret är tillbaka på nivåer som gällde innan utbrottet av Coronapandemin. Även för kommande räkenskapsår ser efterfrågan inom koncernens tre divisioner mycket lovande ut och några tecken på avmattning finns för närvarande inte.

Det har således varit ett turbulent år för koncernens verksamheter, från en kraftig minskning i efterfrågan under våren med korttidspermitteringar, till en situation under hösten och vintern där många fått arbeta övertid för att leveranserna skall fungera. Det hade inte varit möjligt att klara denna snabba förändring utan koncernens fantastiska medarbetare, som med sin lojalitet och flexibilitet sett till att lösa de stora utmaningar som verksamheterna ställts inför.

Be-Ge Vehicle Division, which markets and sells trucks and passenger cars, continued to be negatively affected in 2025 by the fact that the economy did not recover. New car business in the car segment remains at lower levels, primarily in the private market, while the second-hand market has been more positive. The uncertainty regarding economic development has also resulted in hauliers being cautious about ordering new trucks. The service market is slightly weaker than last year, but thanks to a higher delivery level of new trucks and trailers, the vehicle business is still delivering a level of financial results that are in line with expectations.

Fortsatta satsningar och

hållbarhetsarbete

Koncernen fortsätter att satsa och investera i de olika verksamhetsgrenarna. I Be-Ge Seating AB i Oskarshamn har investeringen i produktionslinjen för montering av stolar tagits i full bruk och förberedelser för slutmontering av en ny truckstol pågår. Som en del av koncernens arbete för ökad hållbarhet, har beslut fattats om investeringar för att minska användandet av fossila bränslen samt olika energibesparande åtgärder.

Inom Be-Ge Component Division har beslut fattats om en utbyggnation av produktionsytan för Be-Ge Plåtindustri AB. Inom divisionen bedrivs ett aktivt arbete med energieffektivisering med hjälp av utomstående konsulter.

Demand in Be-Ge Component Division, which manufactures sheet metal components, stamped parts and tools, performs sewing work and provides painting services, remained at the same levels as in 2024. It was, however, possible to discern a slight increase in the order book during the second half of the year, indicating more stable demand.

Liquidity, working capital and investments

The operations have generated a good cash flow, and the Group’s cash and cash equivalents at the end of the financial year totalled SEK 269 million, up by SEK 14 million on the previous year. Capital tied up in inventories and increased trade receivables

Inom Be-Ge Vehicle Division har Be-Ge Personbilar AB genomfört investeringar i verkstäderna i Vetlanda. I april 2021 har beslut fattats om en utbyggnation av lastbilsverkstäderna i Vetlanda samt nybyggnation av en tvätthall. Inom personbilsverksamheten blir laddbara bilar en allt viktigare

Under verksamhetsåret har koncernens första hållbarhetsrapport upprättats. Den har tagit sin utgångspunkt för förbättringsarbetet utifrån förhållandena som gällde under 2019-2020. Hållbarhetsrapporten finns publicerad på koncernens hemsida, www.be-ge.se.

explained by increased turnover resulted in a slight increase in capital tied up in working capital. Investments during the year totalled SEK 66 million, which are financed in full from the Group’s own funds. One of the Be-Ge Group’s values is a longterm perspective. With a stable earning capacity, good liquidity and strong faith in the future, the Group has decided, despite uncertainty in the external environment and a weaker economy in 2025, to make the biggest investments in Be-Ge’s history. In the Vehicle Division, the construction of a new truck facility is under way, which is expected to be ready for occupation at the beginning of 2027, and in Denmark, the positive trend in passenger seats has created a need for additional space for both production and staff.

Förväntningar på 2021-2022

Sustainability work

Ordersituationen inom koncernens tre divisioner är fortsatt mycket god och några tecken på nedgång i efterfrågan finns för närvarande inte. Vaccineringstakten både i Sverige och i Europa börjar att öka och centralbankerna i Europa och USA fortsätter att stimulera efterfrågan. I takt med att restriktionerna minskas och länderna öppnar upp, kommer efterfrågan även i andra branscher än de i vilka Be-Ge koncernen är verksam att förbättras. Tillväxten i de olika länderna kommer därför enligt alla bedömare att bli hög kommande år. Utifrån dessa parametrar ser konjunkturen ljus ut.

At the end of February 2025, the European Commission presented its Omnibus proposals on which companies are obliged to prepare a sustainability report in accordance with the CSRD (Corporate Sustainability Reporting Directive). If future legislative proposals are in accordance with what is proposed by the European Commission, Be-Ge will not be subject to the obligation to prepare a report under the CSRD. Sustainability work does, however, continue to be a focus for the Group’s operations. Requirements and expectations of sustainability work from various stakeholders, not least from the Group’s major customers, necessitate continued initiatives to reduce the carbon footprint. Reporting of objectives and results is planned to take place in accordance with VSME, which is a voluntary standard for small and medium-sized companies.

Financial year 2026

There are signs that the economy is improving and that demand is becoming stronger, albeit at a slow pace. This means that the prospects for 2026 are good, and both turnover and profits are expected to exceed the levels of 2025.

Det finns dock några orosmoln som kan leda till att konjunkturutvecklingen kommande år kan komma att påverkas negativt. Den kraftiga efterfrågeökningen har lett till komponentbrist på bl.a. halvledare, som riskerar att störa produktionen inom automotivesektorn. Råvarupriserna, främst på stål och skum, har ökat kraftigt under våren 2021. Att erhålla kompensation från koncernens kunder för ökningarna av råvarupriserna är en förutsättning för att lönsamheten inte skall försämras.

Be-Ge koncernen har fortsatt en stark balansräkning och en god likviditet. Detta tillsammans med ägarnas långsiktighet gör att koncernen under kommande verksamhetsår kommer att fortsätta investera och vidareutveckla verksamheterna i respektive division.

Thanks to the Group’s strong position, the challenges posed by the financial year 2025 have been met without the need for any major reductions in the workforce in our Divisions. It is important to continue to retain and develop the Group’s employees, whose competence and loyalty are crucial for the success of the investments that Be-Ge has decided to make. It was therefore a pleasure to welcome another 14 employees to the 25th anniversary club during the financial year 2025, a sign that our employees continue to want to be part of and contribute to the future development of the Be-Ge Group!

Håkan Hjalmarsson Managing Director and CEO

Håkan Hjalmarsson VD och koncernchef

Our values

Bror Göthe Persson started his business in 1934. The principles that Bror Göthe strived for so successfully when the business was built up under his leadership form the basis of the corporate culture and the “Be-Ge spirit” that characterises the Group.

Customer value

By means of professional contact characterised by engagement, knowledge and a high level of availability, solutions are offered that are adapted to meet each customer’s needs. Deliveries are of high quality, with each employee assuming responsibility for his or her part of the delivery. Be-Ge’s business relationships are characterised by simplicity, honesty, and close collaboration with the customer.

Collaboration

Through openness and with consideration and respect for the individual, we develop both our employees and our customer relationships. We always see the big picture, and our guiding principle is to always resolve any loose ends that arise, both internally within the Group and externally with other stakeholders. “Collaboration brings success” is a motto that pervades the whole business.

Long-term view

With its long history and stable ownership structure, Be-Ge stands for reassurance, tradition and reliability. The long-term view means that our employees feel a sense of pride in being part of the Be-Ge family. Be-Ge is characterised by a strong entrepreneurial approach that results in growth within existing businesses, curiosity about innovations and an interest in developing new business areas.

Assuming responsibility

We make sure we assume responsibility for the sustainable development of the environment, society and our employees. Be-Ge stands for quality at all levels, where every single employee feels responsible for doing the right thing. The business is characterised by an awareness of risk and cost, which creates the conditions for continued development of the Group.

Five-year summary

INCOME STATEMENT

BALANCE SHEET

KEY INDICATORS

DEFINITIONS

Profit margin

Income after net financial items/Invoiced sales

Capital employed

Balance sheet total – Non-interest-bearing current liabilities

Return on capital employed

(Income after net financial items + Financial expenses)/

Average capital employed

Return on equity

Profit for the year/Average equity

Equity ratio

Adjusted equity/Total assets

Financial year

The period from 01/01/2025 to 31/12/2025

Be-Ge Seating Division

Be-Ge Seating Division develops, manufactures and markets suspended and fixed driver seats, passenger seats, surveillance and office chairs, support and saddle chairs, as well as sound absorbers and accessories for the seating products.

Vision

To be the European niche market leader in high-end chairs and seats in selected focus segments.

Business concept

Develop, manufacture and sell seat solutions that comply with the required standards and norms for the industries on which we focus. Be-Ge’s core values are customer benefit, a long-term perspective, cooperation and taking responsibility. Our products should represent creative and flexible solutions, reliability and safety, sound ergonomics, comfort and quality, and attractive design.

Companies in the Division

Be-Ge Seating AB develops, manufactures and markets suspended and fixed driver seats, passenger seats and accessories for these. Be-Ge Seating AB has turnover of SEK 362 million outside the Division and 117 employees.

Be-Ge Seating A/S develops, manufactures and markets passenger seats and accessories and equipment for minibuses, vans and specialised vehicles. The company develops approved M1-certified seats and high-quality specialised products for passenger transport vehicles, for people with or without

Thomas Axelsson

Managing Director:

Be-Ge Seating AB

Born: 1970

Appointed: 2019

Gary Shaw

Managing Director:

Be-Ge Seating UK Ltd

Born: 1968

Appointed: 2006

disabilities, as well as both ambulances and police and military vehicles. Be-Ge Seating A/S has turnover of SEK 119 million outside the Division and 47 employees.

Be-Ge Seating B.V. in the Netherlands, together with its subsidiary Be-Ge Seating GmbH in Germany, sells and represents all seating product and brands of Be-Ge Seating Division. In addition to the Netherlands and Germany, the companies are active in the French and Belgian markets. Be-Ge Seating B.V. has turnover of SEK 88 million outside the Division and 32 employees.

Be-Ge Seating UK Ltd markets and distributes a full range of driver seats, passenger seats and office chairs to the UK market. The company’s customers are primarily in the automotive industry. Be-Ge Seating UK Ltd has turnover of SEK 33 million outside the Division and 7 employees.

Be-Ge Frapett AB develops, manufactures and markets office and surveillance chairs, support and saddle chairs, and sound absorbers. The product portfolio includes the brands Sverigestolen and Ullmanstolen, as well as Be-Ge and Frapett, which are sold under the Be-Ge brand. Be-Ge Frapett has turnover of SEK 35 million and 18 employees.

Erik Lodahl Andersen

Managing Director:

Be-Ge Seating A/S

Born: 1968

Appointed: 2019

Henric Arvidsson

Managing Director:

Be-Ge Frapett AB

Born: 1980

Appointed: 2022

Paul van der Western

Managing Director:

Be-Ge Seating B.V./GmbH Born: 1974

Appointed: 2020

companies in the Division 6

of the Group’s net sales 44 %

indicators

*) The key indicators for 2022 have been translated as 12-month values and comprise the period 01/01/2022–31/12/2022.

Be-Ge

Be-Ge

Be-Ge Frapett

The past year

In 2025, Be-Ge Seating Division continued the long-term trend of previous years in terms of growth and profit. Profitability was maintained and met expectations, while the overall increase in turnover did not meet the Division’s target. The few cost increases that did occur could either be passed on to the end customer or absorbed through efficiency improvements in the company’s own operations, or in the supply chain. The Division has continued to deliver in line with the overall strategy, which has proven to be effective in achieving set targets over time.

The financial year 2025 follows the trend from 2024 and represents another record year for the Division’s passenger seats, driven in the first instance by Be-Ge Seating A/S and Be-Ge Seating UK. This applies to turnover, profits and order volume. The business has maintained and further strengthened the positive trend during 2025, with clear growth that comfortably exceeds the targets set. Customers have shown strong and clear continued confidence. Critical success factors have been flexibility, commitment, a readiness to cooperate, ambition and the willingness to go the extra mile when needed.

To deal with the increased sales volumes, the production capacity of the manufacturing company Be-Ge Seating A/S was gradually expanded during the year. An investment plan to enable continued growth was drawn up and adopted during the year. In 2025, the management system for Be-Ge Seating A/S was certified in accordance with ISO 14001 in addition to the previous ISO 9001.

In the area of driver seats, customers in several market segments had already adjusted their production rates downwards before the financial year, resulting in lower expected future call-off volumes. Individual market segments such as construction and forestry worked on the basis of lower sales volumes throughout the year. During the second half of the year, customers in the truck and materials handling segments also experienced a normalisation in terms of delivery times, resulting in something of a reduction in production rates. The train segment’s volumes were not affected, and remained at a relatively high level. The outcomes represented a fair reflection of the general economic trend. New volumes to existing and new customers have compensated for declining call-off volumes in existing contracts. Several new customised seat projects went into production, with batch deliveries now under way. Overall, turnover in driver seats was slightly higher than in the previous year, but below the target.

Component and energy costs remained relatively stable, with raw material prices only reduced to a limited extent. The trend in wage costs resulted in increased component costs, where wage increases, as in previous years, have been felt particularly by suppliers outside Sweden. Overall, the company has been able to pass on any cost increases to its customers.

With few exceptions, delivery performance from suppliers was good during the year. Inventory levels increased slightly

due to expansion with new product lines and specific customer projects. Ongoing work is being undertaken to reduce the cost of components and assembly in order to ensure competitiveness and long-term profitability.

Sustainability-related activities continued to be a priority area for both customers and the company. A slight reduction could be discerned in the general level of ambition with regard to the speed of progress.

At Be-Ge Seating AB, a new ERP system was taken into operation on 1 February 2025. The work was wide-ranging and involved all parts of the business. The company is still partnered with EcoVadis, which is a system for evaluating the company’s operations from a sustainability perspective. The quality, environment, and health and safety management system was successfully revised.

Work began during the autumn on the construction of new offices and the renovation of existing offices; this work will be completed by mid-2026. A new production line for a motorised memory seat was commissioned and is producing ongoing batch deliveries. In addition, investments were made in production tools and equipment to reduce the cost of the components involved.

In 2025, Be-Ge Seating BV increased its invoiced sales compared with previous years, with strong activity in all segments and countries where the company operates. Several new projects involving driver seats for the train segment, industrial applications and driver cabs made a strong contribution to growth.

Be-Ge Seating BV’s management system is certified in accordance with ISO 9001 and ISO 14001, and also in accordance with the EN 15085 railway welding standard, which meets customer requirements and expectations. The operation in the Netherlands is also partnered with EcoVadis and was presented with a gold medal.

The market in the Division’s office chairs segment continued to see a slightly negative trend in demand, with end customers and companies continuing to be cautious in their investments in the uncertain economic situation. Despite this, Be-Ge Frapett AB achieved a level of turnover that is among the highest in the company’s history, albeit below the set sales targets.

For the third consecutive year, Be-Ge Frapett AB was evaluated by EcoVadis with regard to sustainability, and the results show a positive development, with the company continuing to be among the top five per cent in its industry.

Ergonomics, quality and longevity continue to be important factors for end-users, although both sustainability and aspects relating to recycling and reuse are becoming increasingly important when consumers make their product choices.

Anticipated outlook for the Division in 2026

The Division’s market position and product structure are well placed to achieve the set targets for both growth and profitability To further improve profitability, work on cost-efficiency measures must be maintained, as must cost compensation from the Division’s customers.

The Division’s targets for growth and profitability are clear and cover all business areas: office chairs, passenger seats and driver seats.

Target fulfilment will be achieved through work in two focus areas:

» Make Be-Ge better known and communicate what sets us apart from others.

» Position Be-Ge where customers expect us to be, within agreed business segments.

The anticipated outlook for the Division varies, depending on the market segment, but on the whole it is expected that the set targets in terms of growth and profitability will be met.

The strongest growth is expected in passenger seats and office chairs, while slightly lower growth is anticipated in driver seats. The majority of the Division’s growth is expected to come from new volumes to existing and new customers, and is secured by several new long-term contracts in all market segments.

The Division’s sales work will be further developed with the aim of creating the conditions for maintaining the growth rate achieved. Work will include both improved work processes and employee development initiatives.

The Division has already made extensive investments in sustainability-related improvements on an ongoing basis.

Further efforts will be made to improve the Division’s position with regard to sustainability issues. A substantial part of this work will be to communicate requirements from the companies’ stakeholders to the supply chain and to develop improved due diligence processes.

The Division’s production premises are well-equipped to meet the growth targets for up to three years, with the exception of Be-Ge Seating A/S, where an initiative is planned for 2026. The initiative includes a construction and renovation project, which will be an important step in the development of the facility. Measures are also being planned to increase capacity, with additional assembly stations, changes to the factory layout and expanded staff areas. This will provide good conditions for a positive trend in profitability with volume growth in passenger seats.

A number of development projects will result in product launches over the next three years. Development work includes both new product lines and the further development of existing product lines.

Resources in market development, sales, construction and development will be adapted gradually and in line with expanded business activity.

The Division has already started the implementation of a shared ERP system, and the remaining companies will be completed during the year.

Europe remains Be-Ge Seating Division’s home market, although our ambition is also to grow with established customers in other markets.

Be-Ge Component Division

Be-Ge Component Division is the Group’s contract manufacturing unit, with companies in Sweden and Lithuania.

Vision

The Division’s companies must be profitable, grow and develop They must have satisfied customers, employees and owners. The Division’s hallmark should be respect for the individual, and it should conduct its activities in a safe and sustainable manner. The Division will endeavour to constantly improve, take new things on board and learn from mistakes. By using the latest technology and working as one team, we will be competitive in the long term in a global market.

Business concept

With good quality and service, innovative and cost-efficient solutions, the Division aims to be a natural partner and supplier in tool development and manufacturing, sheet metal working, welding, surface treatment, painting, as well as sewing and assembly.

Companies in the Division

Be-Ge Stece AB delivers components for trucks, cars and machinery, as well as parts for consumer products in heating technology, construction, electricity/electronics and domestic appliances. The company develops and manufactures tools and fixtures, assisting the customer all the way from prototype to batch delivery. The company has extensive materials technology know-how and sound expertise in design and tooling. Be-Ge Stece AB has turnover of SEK 125 million outside the Division and 64 employees.

Robert Nyqvist

Managing Director:

Be-Ge Stece AB

Managing Director:

Be-Ge Lackering AB

Born: 1967

Appointed: 2007

Be-Ge Plåtindustri AB manufactures complex sheet metal components for the engineering industry using modern laser and punching machines. Further processing of the components is performed by edge bending or hydraulic and eccentric pressing. Production also includes CNC-controlled press brakes for efficient bending of sheet metal components. Be-Ge Plåtindustri AB has turnover of SEK 122 million outside the Division and 64 employees.

Be-Ge Baltic UAB is mainly engaged in industrial sewing, upholstery and assembly. The company specialises in industrial sewing and upholstery, as well as partial and final assembly of components for customers that manufacture automotive products, office, conference and passenger seating, seating for public spaces, healthcare products, wheelchairs and other textile items. Be-Ge Baltic UAB has turnover of SEK 41 million outside the Division and 92 employees.

Be-Ge Lackering AB’s business consists of automotive refinishing and industrial coatings. The company has the capacity to paint anything from complete trucks, buses, boats and similar large items to small components in larger batches. The automotive refinishing segment consists of repairing and refinishing damage to cars and vans, the main customers being insurance companies and private individuals. Industrial coating work is carried out in a separate facility with the capacity to coat all types of industrial components, but mainly plastic parts for the automotive industry. Be-Ge Lackering AB has turnover of SEK 20 million outside the Division and 15 employees.

Birger Andersson

Managing Director:

Be-Ge Plåtindustri AB

Born: 1965

Appointed 2004

Vaida Vaičaitienė

Managing Director:

Be-Ge Baltic UAB

Born: 1974

Appointed: 2007

companies in the Division

Proportion of the Group’s net turnover

The past year

During the closing months of 2024, it was possible to discern a stabilisation of the order books in the component companies, as well as a slight recovery in a few customer segments. Interest rate cuts and lower inflation would most likely have strengthened the economy in 2025, but concerns and uncertainty about the geopolitical situation largely nullified this upturn. Despite this, demand remained at a stable level during the year, and the cautious upturn noted in the last few months of 2024 appears to have strengthened slightly by the end of 2025.

After a few initial months of weak demand, Be-Ge Stece AB’s order book was stronger during the rest of the year. This resulted in full-year turnover for 2025 exceeding 2024. Adjustments made to the workforce in 2024 took full effect in the financial result for 2025. Despite a significant increase in profit, it does not meet expectations. This is primarily due to volume being too low, resulting in efficiency and productivity not reaching the desired levels. Furthermore, sick leave was unusually high during the year, which had a negative impact on profitability. Efforts to improve efficiency included a continuation of investments in automation, and the deliveries of three new presses at the beginning of 2026 will have a positive effect. During the year, renewed certificates were obtained for both ISO 14001 and IATF 16949, confirming that the company continues to deliver high quality.

Be-Ge Plåtindustri AB increased its turnover by around 4% compared with 2024, despite the fact that the economy did not show any significant sign of improvement. The increase is explained by the company’s continued success in winning new

business. In the fourth quarter of 2025, the influx of orders for existing products improved. To strengthen the company’s position in the round products segment, investments were made during the year in a new rolling machine. Be-Ge Plåtindustri AB has gradually increased its volumes in recent years, which requires more factory space. To achieve a more efficient flow of goods and create more production space, a new construction project of 600 m2 was started in 2025 to store packaging.

During the second half of 2024, the economic downturn resulted in a reduced order book for Be-Ge Baltic UAB. The lower level of demand continued for most of 2025, with the decrease in orders from several major customers resulting in turnover for 2025 being around 14% lower than in 2024. During the financial year, the company celebrated its 30th anniversary, a period during which the company moved from sewing work gloves to delivering sewing and assembly services to customers in several different segments. Operations in Klaipeda’s operations are currently characterised by high customer satisfaction, a high level of employee engagement and a stable financial position.

In 2025, Be-Ge Lackering AB’s industrial coatings segment continued to post slightly lower turnover linked to a drop in demand from the department’s largest customer. During the second half of the year, the car refinishing department saw an increase in activity, driven in part by an investment in a vehicle damage repair centre together with the associated company Be-Ge Personbilar AB. This investment enables the companies to cooperate and manage damage to all vehicle brands. In terms of profit and turnover, the year is slightly worse than 2024.

Anticipated outlook for the Division in 2026

Towards the end of 2025, the order books for companies in the Division increased. The economy is expected to continue to become stronger in 2026, which will to some extent have positive effects for our component companies.

For Be-Ge Plåtindustri AB, the new business obtained in 2025 will gradually start to be produced and delivered during 2026. At the end of 2025, one single major order was also received for two new products, with an order value of approximately SEK 6.5 million per year. Together with the orders already in the order book, these orders create the conditions for the next step in the company’s development, with decisions made at the end of the year on further expansion together with investments in a new punching machine and several robots.

At Be-Ge Stece AB, the restructuring of sales work had a positive effect on order volumes. In addition, reinforcements in project management and production technology will result in a better structure in the implementation of both customer projects and internal improvement projects. This, together with the investments in automation, will create the conditions for increased volume in the business and thereby increased turnover.

Towards the end of 2025 and in early 2026, the order volume for Be-Ge Baltic UAB was stronger. The main increase in demand comes from the Rehab and Marine segments. The good start to the new financial year creates the conditions for a better 2026 compared with 2025.

In addition to marketing, it is important to focus on those parts of the Division’s operations over which each company exerts its own influence. Planned investments and initiatives in 2026 therefore aim to increase the level of automation and efficiency, both of which are critical if the companies in the Division are to be able to continue competing on cost in the future. The implementation of a new ERP system is part of this, with Be-Ge Baltic UAB successfully implementing the ERP switch in November 2025. Implementation in other companies in the Division is planned during 2026.

Staff development and retention are important to ensure the future supply of skills. The investments made by the companies in automation solutions require skills development, with continued staff training playing an important role.

Be-Ge Vehicle Division

Be-Ge Vehicle Division markets and sells trucks and cars. The Division holds agencies for Scania trucks and buses, Volkswagen, Volkswagen light commercial vehicles and Škoda, as well as providing servicing, repairs and other services within each segment.

Vision

As sales agents for the Scania, Volkswagen and Škoda brands, the Division aims to be the market leader in the truck and car segments and gain a reputation as the most attractive employer in the industry.

Business concept

The companies within the Division will market and sell attractive transport solutions, accessories and spare parts for their respective brands. A repair and service organisation that functions at a high level will also be provided.

Companies in the Division

Be-Ge Lastbilar AB is responsible for sales and servicing of Scania trucks and buses in the market area covering Oskarshamn, Mönsterås, Högsby, Hultsfred, Vetlanda, Sävsjö and Gotland. Operations are conducted from its own facilities in Oskarshamn, Vetlanda, Hultsfred and Visby. Be-Ge Lastbilar AB has turnover of SEK 369 million outside the Division and 70 employees.

Tomas Engsund

Managing Director:

Be-Ge Lastbilar AB

Born: 1965

Appointed 2013

Be-Ge Personbilar AB markets and sells light commercial vehicles and cars. The company represents Volkswagen and Škoda and offers servicing, repairs and other services in the respective segments. The company is responsible for sales and service in the market area covering Oskarshamn, Mönsterås, Högsby, Hultsfred, Vetlanda and Sävsjö. Operations are conducted from its own facilities in Oskarshamn and Vetlanda. Be-Ge Personbilar AB has turnover of SEK 200 million outside the Division and 37 employees.

Be-Ge Frysen AB owns and manages a property in Visby, most of which is rented by Be-Ge Lastbilar AB. Be-Ge Frysen AB has turnover of SEK 0.3 million outside the Division and no employees.

Be-Ge Fordonsfinans AB offers truck and car customers financing solutions in connection with vehicle purchases. Be-Ge Fordonsfinans AB has turnover of SEK 1.0 million outside the Division and no employees.

Peter Ek

Managing Director:

Be-Ge Personbilar AB Born: 1965

Appointed 2016

The past year

In 2025, the influx of orders for new Scania trucks was slightly better than in 2024, but remains below the expected level. The delivery times for both new truck chassis and for bodywork from suppliers improved during the year, which contributed to the number of new vehicle and trailer deliveries from the order book being at a higher level compared with the previous year. The drop in interest rates had a positive effect on haulage companies, but the poorer economic situation resulted in lower demand and new transport procurement processes, which creates uncertainty around decisions to invest in new vehicles. This applies primarily to the forestry and long-distance segments. Despite the drop in demand, Be-Ge Lastbilar AB continues to be the market leader in the market area.

Demand for servicing and repair services also remained at a slightly lower level in 2025 compared with the previous year. Servicing and supplementary services are, however, becoming an increasingly important part of the offering to truck customers. Ongoing development work is therefore continuing in new areas such as a broader range of services, training, service contracts and vehicle inspections. These services create added value in the form of increased availability and reduced vehicle fleet downtime for hauliers, which means better profitability.

The excellent relationships with the company’s customers that have become well-established over the years have resulted in both high customer satisfaction and relatively good sales in the current economic situation.

Marketing activities continue to be a cornerstone in building relationships with the company’s customers. Several activities were carried out during the year, such as test drives, study trips, driver meetings, etc.

The strong position held by the truck business in its market area means that the Be-Ge Group continues to invest for the future. In 2025, a decision was made to invest in a totally new truck facility of 3,000 square metres to meet both today’s needs and tomorrow’s opportunities. This is the single largest investment in Be-Ge’s history, and the facility will be completed by the turn of the year 2026/27.

As 2025 dawned, there were hopes that there would be something of a recovery in the car industry. Lower inflation and cuts in interest rates suggested an improved economy with better demand for the year. But concerns and uncertainty caused by the geopolitical situation combined with the introduction of tariffs resulted in a market that continued to be challenging. While the number of new vehicle registrations did increase by 1.3% compared with 2024, it was nevertheless the weakest year in a decade. The number of new registrations totalled around 272,000, which is 44,500 vehicles below the normal level compared with the average over the last ten years.

For Be-Ge Personbilar AB, this meant that sales of new cars to the private market remain at low levels. The market for company cars and vans did not, however, decline in the same way as the private market, and it is the business side that continues to drive fleet electrification. The second-hand trade also remains an important part of Be-Ge Personbilar AB’s operations.

The share of rechargeable vehicles in Sweden reached a peak year at just over 63% of newly registered cars, with plug-in hybrids recording their highest share ever at 27%.

The services market segment also experienced a lower level of activity during 2025, partly explained by a changed market in which electric vehicles do not require the same service as those with internal combustion engines. To respond to this decline, the development of supplementary services continued during the year, including a proactive approach, which is important to resolve problems identified immediately when the vehicle is in the workshop. During the year, damage repair workshops developed to become damage repair centres, where all vehicle brands can be repaired through collaboration with insurance companies.

Despite a weak year in the vehicle market, in which many dealerships experienced major problems with profitability, Be-Ge Personbilar AB is reporting positive figures, which can be considered satisfactory based on the conditions.

Anticipated outlook for the Division in 2026

In 2025, the Vehicle Division was affected by a prolonged recession, which had a negative impact on operations. There are, however, signs of an economic upturn, which, combined with lower inflation and lower interest rates, makes the outlook for 2026 more positive.

For the car market, it is believed that an expansionary fiscal policy in 2026 and stronger purchasing power will result in an increase in the number of newly registered cars, from 273,000 in 2025 to 280,000 in 2026, according to Mobility Sweden.

The second-hand trade will continue to be an important part of the car business in 2026. The development of servicing and new services must continue in order to maintain profitability in the segment.

The assumption that the economy will improve in 2026 means that the sales forecast for new trucks is more positive. The investments made in previous years at the service facilities in Vetlanda and Hultsfred mean that the company is well-placed to meet increased demand for service solutions. The new facility in Oskarshamn, which will be ready for occuation at the beginning of 2027, will further enhance the service business in the coming years.

Sustainability issues with a focus on reducing climate impact are becoming increasingly important to customers and business partners, which makes work undertaken with Scania on climate issues even more important. Battery electric vehicles (BEVs), biogas and biofuels are becoming increasingly important at an accelerating rate, and several new products will be launched in the coming years. Scania can now offer products with fossil-free fuel in all segments.

For both car and truck businesses, new electric vehicles and increasingly rapid digitisation require increased levels of competence among employees. Staff training is therefore important to be able to meet these increased demands and maintain high levels of customer satisfaction, as well as facilities that perform at the top level.

Sustainability

Company presentation

The Be-Ge Group’s various businesses are described on page 18-35. The different operations are aimed at different types of markets and via different sales channels. Be-Ge Seating Division works not only with large customers, primarily in the automotive, truck, forestry machines, construction machines and blue light vehicle segments, but also with agents who are responsible for sales to smaller customers. Be-Ge Component Division’s customers are found primarily in the automotive and construction segments, while Be-Ge Vehicle Division’s customers are both companies, primarily in the haulage industry, and private individuals.

The Group’s customers are mainly located in the European market. The most important suppliers to the companies are suppliers of steel and steel components, as well as general agents in the area of vehicles, i.e. Scania and the VW Group.

Basis for preparation

The Be-Ge Group is not subject to the obligation to prepare a sustainability report in accordance with the rules of the Swedish Annual Accounts Act (ÅRL). The CSRD (Corporate Sustainability Reporting Directive) adopted by the EU should have applied to the Group and entered into force from 2025. In accordance with a decision from the European Parliament on 27 March 2025, the reporting requirements under the CSRD will be postponed for two years. If other parts of the EU Commission’s so-called Omnibus proposal are approved and enacted in Swedish law, the Be-Ge Group will not be subject to the CSRD rules.

UN Sustainable Development Goals

The Group’s sustainability work is based on the UN’s Sustainable Development Goals and is an integral part of the business’s strategy. There is a focus on sustainable energy and industrial development, resource-efficient and responsible production, reduced climate impact, social sustainability through equality and decent working conditions, and contributing to societies that are sustainable and inclusive in the long term.

There is, however, both an interest and an expectation from the Group’s stakeholders regarding the sustainability work that is undertaken within the various companies. The Be-Ge Group has therefore chosen to prepare a separate sustainability report on a voluntary basis from the financial year 2019-20 in accordance with the requirements set out in ÅRL.

In order to further improve the information to the Group’s stakeholders about the various sustainability initiatives implemented, a new reporting standard was applied for the financial year 2025. Reporting will therefore take place in accordance with the voluntary EU standard known as the “Voluntary Sustainability Reporting Standard for small and medium-sized enterprises (VSME)”. The report is based on the VSME Basic Module supplemented by the VSME Comprehensive Module containing the information that business partners need to be able to assess the Group’s sustainability risk profile.

The sustainability report covers the Be-Ge Företagen AB Group, but where each subsidiary’s impact within each sustainability area is presented separately in the tables showing outcomes.

556377-8298

556156-3643

556132-8625

556773-0774

556048-2746

556223-1430

556092-6643

556061-4298

556210-4009

556459-2375 556698-3770

Be-Ge Seating AB

Be-Ge I-B Lackering AB

Be-Ge Fastigheter AB

Be-Ge Stece AB

Be-Ge Plåtindustri AB

Be-Ge Lastbilar AB

Be-Ge Personbilar AB

Be-Ge Office AB

Be-Ge Frapett AB

Be-Ge Frysen AB

Be-Ge Fordonsfinans AB

Be-Ge Seating A/S

Be-Ge Baltic UAB

Be-Ge Seating BV

Box 912, 572 29

Oskarshamn, Sweden

Box 912, 572 29

Oskarshamn, Sweden

Inkörningsvägen 3, 572 36

Oskarshamn, Sweden

Box 912, 572 29 Oskarshamn, Sweden

Industrigatan 6, 383 32

Mönsterås, Sweden

Box 518, 572 25 Oskarshamn, Sweden

Box 908, 572 29

Oskarshamn, Sweden

Box 908, 572 29 Oskarshamn, Sweden

Box 912, 572 29

Oskarshamn, Sweden

Södra Vägen 7, 383 34

Mönsterås, Sweden

Box 908, 572 29

Oskarshamn, Sweden

Box 908, 572 29 Oskarshamn, Sweden

Vestergade 63-65, DK-7741

Frøstrup, Denmark

Pramonés g. 27, LT-94103

Klaipéda, Lithuania

Van Voordenpark 24, 5301 KP Zaltbommel, Netherlands

Be-Ge Seating GmbH

Be-Ge Seating UK Ltd

Helmholtzstrasse 11, 524 28 Jülich, Germany

Unit 4 The Fulcrum, Lows Lane, Stanton, Ilkeston, DE7 4QU, United Kingdom

Certifications and labels

The companies in the Be-Ge Group have the following certifications and labels as confirmation of the sustainability work that is performed:

Certification/Label Description

ISO 9001:2015

ISO 14001:2015

ISO 45001:2018

ISO 3834-2

LOC&PAS TSI

EN 15085

IATF 16949

FR2000

IB 016 REACH Ecovadis

Quality management system to improve the quality of its products and services, increase customer satisfaction and streamline processes.

International standard for environmental management systems.

Management system for occupational health and safety management. Quality system for welding that complements other standard systems such as ISO.

EU-wide rules specifying the technical requirements that apply to locomotives, passenger carriages and multiple units.

European standard for welding of railway vehicles and components.

The world’s leading quality standard for the automotive industry.

Swedish integrated management system and a certification standard, an alternative to the more extensive ISO standards.

Specific of requirements document from a customer in which the supplier must declare or guarantee that materials/products comply with REACH.

System used to evaluate and rate sustainability work carried out by companies.

Global sustainability tool used to assess suppliers, primarily in the automotive industry.

Taking responsibility in the Group

Be-Ge Företagen AB and its subsidiaries’ most important aim is to create added value for customers, business partners, employees and owners. Responsibility for the environment, social responsibility and employees, as well as business conduct, are therefore important elements of ensuring that the targets can be achieved without coming into conflict with the Group’s ambitions for sustainable development.

In September 2015, the UN General Assembly adopted a development agenda for sustainable development, Agenda 2030. This consists of 17 Sustainable Development Goals that will lead to a better and more sustainable future for all. The Be-Ge Group has identified a number of these Sustainable Development Goals where we can contribute to achieving them, see under each section.

Environment

In this section, we highlight our focus on the UN’s Sustainable Development Goals with a focus on sustainable work with energy, industry, innovations, infrastructure, consumption and production.

Practice and policies

As part of sustainability work, a number of governance documents in the form of policies have been drawn up to make it easier for the companies in the Group to adapt their operations. The policies in the environmental area are as follows:

Climate change

Environmental policy

Code of Conduct

Supplier Code of Conduct

Pollution

Water resources and marine resources

Circular economy

Code of Conduct

Supplier Code of Conduct

Code of Conduct

Supplier Code of Conduct

of Conduct

Code of Conduct

The Group does not conduct operations in or near areas with sensitive biodiversity and ecosystems; therefore, no disclosures are provided for this area.

Activities and future initiatives

The material aspects of “efficient resource management, responsible resource management and the promotion of innovation” are particularly relevant, as all three aspects can be linked to both increased economic growth and a more sustainable planet, both today and in the future. The challenge for the Be-Ge Group as a profit-driven business may be to combine growth and sustainability, but with the help of our material aspects, we have found an accessible path that we believe leads to success with satisfied customers and a healthy society. It is therefore particularly important that we maintain a correct focus, so that economic growth is maximised when implementing our sustainability work.

Efficient resource management

The Be-Ge Group’s various business areas use natural resources such as energy and water, as well as raw materials and input materials.

In Be-Ge Seating Division and Be-Ge Component Division, energy is consumed in the manufacturing and assembly processes, and transport operations to and from the units affect greenhouse gas emissions. Heating of the Group’s properties also affects greenhouse gas emissions. More efficient use of these resources has a positive effect on both the environment and costs. In addition to this, investments have been made in solar panel installations at some of the Group’s properties.

Water is used for cooling, production processes, cleaning and sanitation purposes. Systems for the reuse of water in production processes have been installed at several of the Group’s units.

Targets and ambitions

The aim is to reduce energy consumption in the Group’s various Divisions while maintaining the same level of operations. This is followed up by measuring the number of MWh consumed in the Group per financial year. The objective when it comes to heating the Group’s properties is to stop using fossil fuels. The Group is striving to reduce the consumption of water in its operations.

In addition to this, one target for efficient resource management within Be-Ge Vehicle Division is that the proportion of total operations within Be-Ge Vehicle Division that comprises the second-hand trade combined with vehicle repairs will become an increasingly large part of the business.

The Be-Ge Group’s objective for responsible resource management is to reduce the amount of waste from one financial year to the next, in order to contribute to more efficient resource utilisation.

The objective for measures to promote innovation within Be-Ge Vehicle Division is to reduce the climate impact by increasing the proportion of rechargeable and electric vehicles year-on-year.

Be-Ge Vehicle Division sells both new and second-hand vehicles, which creates a risk of waste arising when these assets are at the end of their life cycle. The second-hand trade means an optimised life cycle, in which every vehicle is used to its full potential over decades; instead of going to scrap and making way for the construction of a new vehicle on the market, the vehicle is repaired and resold. For the Be-Ge Group, it is important that we focus on our sustainable processes where we really have the opportunity to make a difference.

The Group also carries out structured work in accordance with the Swedish Act (2014:266) on Energy Audits in Large Enterprises (EKL) to identify energy-saving measures to be taken. Actions taken are reported every four years to the Swedish Energy Agency.

Responsible resource management

Waste issues are important, and improved sorting at source, reduced scrapping and increased recycling are issues that are important for the Be-Ge Group’s various operations.

Promotion of innovation

The automotive industry is often a focal point when innovation is being discussed; self-driving electric vehicles are increasingly featured in the news and alternative transport services such as Uber and Bzzt are appearing in cities. Be-Ge Vehicle Division believes that many of the solutions of the future entail more efficient resource management and increased driver safety.

As noted under the point “Basis for preparation” on page 39, the European Commission has decided to postpone the reporting requirements under the CSRD regulations for two years. If other parts of the EU Commission’s proposal are implemented, the Be-Ge Group will not be subject to the requirements to prepare a sustainability report under the regulations.

To ensure that the Group’s stakeholders continue to receive information about the companies’ sustainability initiatives, a sustainability report has been prepared in accordance with the VSME standard. This is a voluntary standard developed by EFRAG (European Financial Reporting Advisory Group) for small and medium-sized enterprises.

As this is the first year that the Be-Ge Group is preparing a report in accordance with the VSME standard, work to develop tangible, measurable targets has not been fully completed. The ambition is for these to be ready to communicate and follow up after the financial year 2026.

Follow-up on targets and ambitions

Based on the above targets and priorities, the following information is provided on the Group’s environmental work and resource utilisation.

Energy and emissions

01/01/2025 – 31/12/2025

Energy consumption

During the financial year 2025, the Group’s total energy consumption amounted to 14,621 MWh. The energy consisted primarily of purchased electricity and district heating, with a smaller share of self-generated energy.

All purchased electricity during the year was based on 100% renewable energy sources, resulting in a low climate impact, while district heating constitutes a significant portion of energy use and affects Scope 2 emissions. The self-generated energy, which amounted to 817 MWh, was entirely renewable and produced via the Group’s own solar panel installations.

Greenhouse gas emissions (Scope 1 and 2)

During the year, the Group’s total reported greenhouse gas emissions (Scope 1 and Scope 2) amounted to 313 tonnes of carbon dioxide equivalents (tCO2e).

Scope 1 amounted to 258 tCO2e and primarily originates from fuel combustion within the Group’s own operations, while Scope 2 amounted to 55 tCO2e.

The relatively low level of Scope 2 emissions is a direct result of the transition to renewable electricity. Variations between companies within the Group are mainly due to differences in energy demand and the local energy mix.

Total energy consumption per company

100 %

In 2025, all purchased electricity was sourced from 100% renewable energy.

100 %

In 2025, all self-generated electricity was based on 100% renewable energy sources, in the form of solar power from the Group’s own solar panel installations.

Be-Ge Seating AB (20)

Be-Ge Seating A/S (7)

Be-Ge Seating B.V. (60)

Be-Ge Seating UK Ltd (0)

Be-Ge Frapett AB (7)

Be-Ge Baltic UAB (16)

Be-Ge Lackering AB (75)

Be-Ge Plåtindustri AB (10)

Be-Ge Stece AB (22)

Be-Ge Lastbilar AB (60)

Be-Ge Personbilar AB (35)

District heating, MWh

Be-Ge Seating AB (971)

Be-Ge Seating A/S (1014)

Be-Ge Seating B.V. (0)

Be-Ge Seating UK Ltd (0)

Be-Ge Frapett AB (18)

Be-Ge Baltic UAB (193)

Be-Ge Lackering AB (428)

Be-Ge Plåtindustri AB (848)

Be-Ge Stece AB (1058)

Be-Ge Lastbilar AB (1096)

Be-Ge Personbilar AB (730)

electricity (6681 MWh)

Pollution

During 2025, the Be-Ge Group carried out mapping and monitoring of emissions to air, water, and soil in accordance with the VSME standard within the area of pollution.

The assessment covers emissions of metals and metal compounds, specifically zinc, nickel, and chromium. The compiled data shows that no emissions of these substances occurred to either air or soil within the Group during the year. With regard to emissions to water, only very limited quantities were identified. For zinc, emissions of 0.14 were reported, while

01/01/2025 – 31/12/2025 Pollutions

Zinc and compounds (Zn) Nickel and compounds (Ni)

the corresponding figures for nickel and chromium amounted to 0.02 and 0.01, respectively. These emissions are attributable to isolated operations and are at very low levels.

The low emission levels indicate that operations are conducted with strong environmental control and that applicable regulations and permit conditions are being complied with. Furthermore, the outcome suggests that existing technical solutions and internal procedures are effective in preventing and limiting emissions.

Water

01/01/2025 – 31/12/2025

Water, m3

Total amount of water withdrawn from site

Amount of water withdrawn at site located in areas of high water-stress

Total water consumption, net Total water discharge at site

During 2025, the Group’s total water withdrawal and water discharge amounted to 10,660 m³. Water use corresponds to an intensity of 7.4 litres per TSEK.

Water is used to a limited extent in production processes, but the majority of usage is controlled and linked to ongoing operations. The Group’s processes are clean flow-through systems, where no water is incorporated into products or evaporates in significant quantities.

No operations are conducted in areas with high water stress, implying low exposure to water-related risks.

Total water withdrawal and water discharge (10 660 m3)

7,4 litres/TSEK

Waste and resource use

During the reporting period, the Group’s total amount of waste generated amounted to 2,171 tonnes. Of this, hazardous waste accounted for 135 tonnes and non-hazardous waste for 2,036 tonnes, meaning that the majority of the waste stream consists of non-hazardous fractions.

Waste volumes vary between companies and reflect the scale and nature of their respective operations. The largest wastegenerating units are found within the manufacturing entities, where non-hazardous waste such as production scrap and material residues constitutes the majority.

Circular economy

The Group continuously works to reduce resource consumption in its operations. Through energy audits, areas are identified where energy use can be reduced through various measures. Investments have been made in solar panel installations to

produce self-generated electricity, and only 100% renewable electricity is purchased. In the manufacturing companies, surplus metal from production is sold for recycling and reuse in the production of new raw materials.

Resource flows and material use

The total annual mass of relevant materials used in operations amounts to 5,572 tonnes. Material use is dominated by metals, foam, rubber and plastic, as well as textiles.

Metal constitutes the largest input material and is central to the Group’s manufacturing processes. Polymer-based materials and textiles are also used, primarily within the seating division.

Material flows are concentrated to a number of larger units, where both procurement and processing of raw materials take place in higher volumes. This is reflected in both resource use and the amount of waste generated.

Social factors and employees

Practice and policies

As part of sustainability work, a number of governance documents in the form of policies have been drawn up to make it easier for the companies in the Group to adapt their operations. The policies in the environmental area are as follows:

Own workforce

Code of Conduct

Supplier Code of Conduct

Work environment policy

Anti-discrimination policy

Workers in the value chain

Affected communities

Consumers and end-users

Code of Conduct

Supplier Code of Conduct

Code of Conduct

Supplier Code of Conduct

Code of Conduct

Code of Conduct

Activities and future initiatives

The Be-Ge Group recognises the value of safe and satisfied employees and therefore works continuously to improve working conditions within each Division. When recruiting, efforts are always made to recruit on the basis of competence and suitability in order to ensure that the right person ends up in the right place. The majority of our employees are covered by collective bargaining agreements.

Be-Ge is one of the largest employers at several locations in Sweden where the Group operates, and the operations affect these locations in many ways. We therefore have a mutual and rewarding dialogue with the municipality at each location. Because we are one of the largest employers at each location, it is important that it is perceived to be attractive to live in that location. Be-Ge therefore participates in various networks regarding housing and recruitment. Another way for the Group to make a positive contribution to society is through sponsorship, and we have chosen to focus our support mainly on local sports clubs.

Training courses with the right quality and focus are important for the development of both society and companies, and to contribute to this, Be-Ge has committed to Teknikcollege, a collaborative project that aims to improve the quality of technical training courses in the local area. In addition to this, the Group is involved in various initiatives to create better conditions for skills supply and skills development of employees.

The Be-Ge Group’s various companies care about the conditions and safety of their employees, which is why we work meticulously on safety in our operations. The safety of our employees at the workplace is closely monitored and controlled/regulated by our health and safety policy, legislation, health and safety committee, health and safety officers and trade union involvement. This work means that our employees can feel safe at the workplace, that their rights are preserved and that injuries are minimised.

To encourage our employees to engage in physical activity, which has a number of positive effects on well-being and thereby reduces absence, the Group offers wellness allowances.

The industries in which Be-Ge’s various Divisions operate are still male-dominated. The Be-Ge Group works actively to promote female role models in production, technology and management. We recognise the value of gender equality at the workplace and actively promote it in our day-to-day operations.

The Be-Ge Group promotes a working climate where all employees are treated equally and with respect, consideration and appreciation for the individual. By making the most of our differences, we gain access to a broad and varied range of experience, which is a major asset in our work. In accordance with the Group’s discrimination policy, systematic work is carried out to achieve equity and diversity. The policy specifies the action to be taken in the event of any confirmed case of discrimination.

Training lays the foundation for future expansion. Without continuously updated skills, it is easy to be outperformed by other employers. Furthermore, training within companies contributes to lower staff turnover. The Be-Ge Group also believes that

competent staff are a prerequisite for providing the very best service to our customers.

Ice hockey and football are major sports in Oskarshamn, and this has resulted in both the ice rink and the indoor football hall bearing the Be-Ge Group’s name. In recent years, together with the IK Oskarshamn ice hockey club, we have also made a significant contribution to the Swedish Childhood Cancer Foundation.

In addition to supporting the major sports, we also contribute to other associations such as the Craftstaden IBK floorball club, Oskarshamn Golf Club, the NGO known as Hela Människan and the Oskarshamn chamber music association. In our foreign operations, contributions have been made to other organisations such as women’s refuge services and organisations that protect children’s rights in society.

Goods being purchased from an external party that may originate from places where human rights are not taken into account to the same extent as in Sweden is another risk. It is therefore important when purchasing new goods to ensure that suppliers do not violate the environment or human rights. This is achieved by ensuring that products have the correct labels and certifications, and that our staff are regularly trained in product origin, sustainable supply chains and sustainability. Respect for the individual is important within the Be-Ge Group. The Group’s Code of Conduct states that we shall support and respect the protection of internationally proclaimed human rights and make sure that the Group is not involved in any violation of human rights.

Our employees in Sweden, Denmark, Lithuania, the UK, the Netherlands and Germany are located in countries where levels of occupational health and safety and like are relatively high. The Be-Ge Group’s Code of Conduct and the Supplier Code of Conduct, which was produced in 2025, state what requirements we impose on suppliers to Be-Ge. The Group also does not accept child labour or forced labour.

The requirements imposed on the Group’s suppliers are set out in our Code of Conduct and Supplier Code of Conduct. The Group’s major suppliers, e.g. within the Be-Ge Vehicle Division, Scania and Volkswagen, have clear statements of position on human rights, both working in close collaboration with the European Automotive Working Group on Supply Chain Sustainability (EAWG). EAWG has developed a questionnaire that both general agents use at the procurement stage to ensure that the supplier’s working conditions meet the minimum requirements. Volkswagen has a code of conduct that all suppliers must sign and that also covers the supplier’s suppliers. The code includes topics such as human rights, prohibition of child labour and forced labour, anticorruption and environmental degradation.

Be-Ge Seating Division and Be-Ge Component Division have major customers in the automotive industry. The companies within the Divisions comply with the requirements imposed on them as suppliers. The suppliers to each Division’s companies are evaluated and monitored in accordance with a prepared supplier assessment.

Targets and ambitions

In the same way as for the “Environment” area, work to develop of tangible, measurable targets has not been fully completed. The ambition is for these to be ready to communicate and follow up after the financial year 2026.

Follow-up on targets and ambitions

The following sections present indicators relating to social factors and employees. The report includes information on the Group’s employees, occupational health and safety, and human rights, the aim being to provide a clear, comparable and proportionate view of the companies’ workforce and key aspects of working conditions.

Employees – General characteristics

01/01/2025 – 31/12/2025

Workforce

Total number of employees

Permanent employees

Temporary employees Men

Number of employees who left during the reporting period

Number of employees at the beginning of the reporting period

Number of employees at the end of the reporting period

Employee turnover rate in the reporting period, %

Total number of self-employed persons without employees who work exclusively for the company

Total number of temporary employees provided by companies whose main activity is staffing

Management representation

Number of male

at

Number of female employees at management

Gender distribution at management level during the reporting period, men/women

Health and safety

Number of registered work-related accidents

Number of

Total number of hours worked by all employees

Frequency of registered work-related accidents

Number of fatalities due to work-related injuries and work-related ill health

Number of days of sick leave, Men

Number of days of sick leave, Women

Total days of sick leave

Wages

Employees receive wages equal to or exceeding the applicable minimum wage, established either by national minimum wage legislation or through collective bargaining agreements

Average gross hourly wage for male employees, SEK

Average gross hourly wage for female employees, SEK

Pay gap between female and male employees, %

Number of employees covered by collective agreements

Proportion of employees covered by collective agreements, %

Number of employees per company

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Human rights policies and processes 01/01/2025 – 31/12/2025

In accordance with the VSME standard, the Group has established governance documents and processes for managing human rights in its own operations. The Group’s Code of Conduct covers key areas such as child labour, human trafficking, discrimination and accident prevention. There is also an established complaints mechanism/whistleblowing policy for the Group’s own workforce.

During the reporting period, no confirmed incidents linked to serious negative effects on human rights were reported, either within the Group’s own workforce or in the value chain, including affected communities, consumers and end-users.

Overall, the data indicates that basic structures for managing human rights are implemented, while no reported incidents were identified during the period.

Business conduct

Practice and policies

As part of sustainability work, a number of governance documents in the form of policies have been drawn up to make it easier for the companies in the Group to adapt their operations. The policies in the environmental area are as follows:

Activities and future initiatives

The various companies in the Be-Ge Group want to act fairly and honestly in all situations. The expectations and requirements of our employees are set out in our Code of Conduct. This states that representatives of the Be-Ge Group shall not offer customers, potential customers, suppliers, consultants, governments, government ministries or any representatives of such bodies gifts or benefits that are in conflict with applicable laws or established business practice in order to obtain or maintain business or any other inappropriate benefit. The Group’s employees shall also not accept payments, gifts or other kinds of compensation from a third party that might influence objectivity in business decisions.

Our Code of Conduct also sets out the requirements imposed on the Be-Ge Group’s business partners. Competition shall take place fairly and with integrity. Anti-corruption work is based on continued training in our Code of Conduct, zero tolerance of bribery, sanctions systems for violations and internal guidelines regarding the size of gifts and business entertainment.

Our follow-up has shown good commitment from the companies within the Group, and as far as we have been able to ascertain our Code of Conduct has not been violated.

As a result of the GDPR, the way that personal data is processed within the Group’s various areas of activity has changed. The purpose of the GDPR is to give individuals greater control over where and how their personal data is stored, and places stricter demands on companies to only process personal data to the extent necessary. Work to update and maintain our processes in order to comply with the rules of the GDPR takes place continuously within the Group’s various operations.

Whistleblowing refers to the reporting of irregularities or problems that have caused or may cause serious harm to the business. Our whistleblowing procedure provides the facility to submit

a report anonymously if something is not being done in the right way. The whistleblowing service is one way in which Be-Ge Företagen AB is striving to create a transparent business climate and a high level of ethics.

Our whistleblowing service is a system to pick up signals about potential problems as soon as possible and thereby reduce our risks. It is important to safeguard good corporate governance and maintain the trust of customers and the public in us. The service is open to employees, contractors, interns, etc. of the Group’s companies and to persons in corresponding positions at the Group’s subcontractors and suppliers.

In the first instance, we encourage employees to contact their manager or their manager’s manager. If this is impossible due to the nature of the irregularity, or if the information provided is ignored, our whistleblowing procedure should be applied. The same applies if someone is unwilling or unable to be open about their identity.

The whistleblowing service can be used to provide information in connection with suspicions that something is not in line with the Group’s Code of Conduct and could seriously affect our organisation or a person’s life or health. The same applies to attempts to conceal such actions.

Whistleblowers who report misconduct in good faith under this policy have statutory protection against reprisals. Any negative treatment will have disciplinary consequences for the perpetrators. This applies regardless of whether or not an investigation confirms reported suspicions/allegations.

If an internal report, in accordance with the above procedure or otherwise, is not taken into account or if reprisals occur, the Swedish Work Environment Authority is the supervisory authority in these matters.

Targets and ambitions

In the same way as for the “Environment” and “Social factors and employees” areas, work to develop tangible, measurable targets has not been fully completed. The ambition is for these to be ready to communicate and follow up after the financial year 2026.

Follow-up on targets and ambitions

Data related to corporate governance is presented below. The report includes the Group’s assessment in relation to the criteria for the EU’s Paris-Aligned Benchmark and information on the gender distribution on the company’s Board of Directors at the end of the reporting period.

Exclusion from the EU benchmark

01/01/2025 – 31/12/2025

The Group has conducted a general review of its revenue sources in relation to the criteria for the EU Paris-Aligned Benchmark. The assessment shows that the operations do not exceed the threshold values relating to activities linked to fossil fuels or electricity generation with high greenhouse gas intensity. The Group is therefore not subject to the exclusion criteria from these benchmarks.

Gender distribution in governing bodies 31/12/2025

At the end of the reporting period, Be-Ge Företagen AB’s Board of Directors consisted of seven members, one female and six male, which corresponds to a gender distribution ratio of 0.17.

Gender distribution on the Board of Directors is monitored as part of the company’s corporate governance work.

Gender distribution ratio

Men (6)

Women (1)

Be-Ge Företagen AB

Board of Directors

From left: Rickard Petri, Johan Persson, Ingmar Persson, Håkan Hjalmarsson, Per Thorsell, Peter Cerny, Ulrica Larsson

Members Born Residence Board assignments Assignments in the Group Other assignments

Rickard Petri Växjö 1953

Johan Persson Oskarshamn 1966

Ingmar Persson Malmö 1953

Board member since 2012-2013

Chair of the Board since 2020-2021

Board member since 2007-2008

Chair of the Board

• Be-Ge Office AB

Board member

• Samtliga Be-Ge företag

Board member since 2007-2008

Håkan Hjalmarsson Oskarshamn 1962

Board member since 2017-2018

Chair of the Board

• Be-Ge Fastigheter AB

Board member

• Samtliga Be-Ge företag

CEO and Board Member

• Be-Ge Företagen AB

• Be-Ge Fastigheter AB

Chair of the Board

• Be-Ge Seating AB

• Be-Ge Seating A/S

• Be-Ge Seating B.V.

• Be-Ge Seating UK Ltd

• Be-Ge Frapett AB

• Be-Ge Stece AB

• Be-Ge Plåtindustri AB

• Be-Ge Lackering AB

• Be-Ge Personbilar AB

• Be-Ge Lastbilar AB

• Be-Ge Frysen AB

• Be-Ge Fordonsfinans AB

Chair of the Board

• M2 Marina AB

Board member

• Atrinova Affärsutveckling AB

• Oskarshamns Golf AB

• Värde Ansvar Gemenskap Handlarna i Sverige AB

• Industriellt UtvecklingsCentrum

Per Thorsell Kalmar 1967

Peter Cerny Ängelholm 1966

Ulrica Larsson Hörby 1968

Board member since 2023

Board member since 2020-2021

Board member since 2021-2022

Board member

• Laophorum AB

Managing Director/Group CEO

• ESBE AB

Board member

• Proton Industries AB

• Proton Group AB

• Business Sweden

Managing Director

• Rosenqvists Irrigation AB

Board member

• Stall MagnaRed AB

• Eva Thuresson Mat & Dryck AB

• Järrestads Härads Lantmannaförening

Be-Ge’s journey

1934 – 2025

The Be-Ge Group has a successful and interesting history, which we are extremely proud to present. Our timeline extends from 1934 to the present day.

1934

Bror Göthe Persson establishes the Be-Ge company. He was a true visionary and realised early on the significance of motoring. In that year, he took over the import and sale of Ford cars in Oskarshamn.

1966

Scania-Vabis acquires the coachwork factories. But the manufacturing of truck cabs continues locally via the business operated by Scania Oskarshamn. Be-Ge retained the manufacturing of the driver seats fitted inside the truck cabs and continued this business in the newly formed Be-Ge Stolindustri AB, now Be-Ge Seating AB.

1941

Be-Ge Bil becomes sales agent for Scania-Vabis trucks. Today, the company is the world’s oldest private Scania agent.

1946

Be-Ge Karosserifabrik AB is established. 1949

The first modern, suspended driver seats for commercial vehicles are developed.

1951

Be-Ge Bil becomes a sales agent for Volkswagen.

1962

Be-Ge expands and builds a new factory to manufacture truck cabs in the Netherlands.

1987

Be-Ge Förarmiljö AB is established in Kolsva. It was designed to specialise in the sale of driver seats and equipment primarily for forestry machinery.

1993

Be-Ge Traktor & Maskin i Åstorp AB starts up, becoming general agent for Zetor tractors and Agrostroj agricultural machinery. In the same year, Bilcenter i Oskarshamn AB was established for the sale of Seat and later also Skoda cars.

1990

Be-Ge acquires the seat manufacturer Nyström Nordpatent AB in Umeå. Be-Ge Seating AB thus came into possession of a more extensive product range of bus and truck seats, as well as office chairs. The same year saw the acquisition of Bil & Maskin AB in Vetlanda, which extended the sales region for the Group’s car and truck operations.

2017

2018

The Mönsterås companies Frapett Produktion AB and Mönsterås Pressdetaljer AB are acquired.

Frysen Invest AB is acquired, along with the subsidiaries Visby Tunga Fordon AB and Visby Fordonfinans AB. This allows Be-Ge Lastbilar to extend its region to also include Gotland. To secure the future need in assembly capacity for seats in Oskarshamn, the property at Järneken 5 was acquired.

2014

The company expands in Europe when Be-Ge Seating AB acquires 80% of Savas Seating B.V. in Zaltbommel, the Netherlands, along with subsidiaries Savas Qualitätsitze GmbH in Germany and Savas N.V. in Belgium.

2010

2021

Be-Ge Mönsterås Pressdetaljer AB’s industrial property is sold off via the sale of the company.

2024

The Be-Ge Group celebrates its 90th anniversary.

2019

All companies in Be-Ge Seating Division are given the joint name Be-Ge Seating followed by the relevant country abbreviation for the type of company in question. The aim was to highlight the core activity.

2015

Savas Seating B.V. and subsidiaries become wholly owned subsidiaries of Be-Ge Seating AB, and are given the name Be-Ge Savas Seating B.V.

2012

Be-Ge Lastbilar’s new Scania and service facility in Hultsfred is inaugurated.

2009

Part-owned Be-Ge Förarmiljö AB is sold off and its name is changed to Förarmiljö i Sverige AB.

2008

2001

Be-Ge Amersanas UAB and Be-Ge Stece AB become wholly owned subsidiaries of Be-Ge Företagen AB.

2005

The Danish companies Jany Scandinavia A/S and Vald. Nielsen & Søn A/S are acquired. The same year saw the acquisition of local company AB Oskarshamns Plåtindustri, now known as Be-Ge Plåtindustri AB.

2000

Be-Ge moves its seat manufacturing from Umeå to Oskarshamn.

Be-Ge Fastigheter AB is formed.

The car plant in Oskarshamn is enlarged through significant refurbishment and extension work. Be-Ge Traktor & Maskin i Åstorp AB is sold off.

2002

Billackeringen E. Johansson AB in Oskarshamn is acquired for future expansion and investment in automotive and industrial painting within Be-Ge.

2007

Be-Ge Företagen AB is increases its holding in Stece AB to 50%.

2006

Be-Ge Företagen AB acquires 80% of the Lithuanian company UAB Amersanas and a 33% stake in the engineering company Stece AB in Mönsterås. In the UK, Be-Ge Seating UK Ltd is formed in Coventry.

2003

The companies Jany A/S and Vald. Nielsen A/S in Denmark are merged, and the office in Copenhagen is wound up.