Be-Ge Annual Report with Sustainability Report 2025

2025 Annual Report with sustainability report in accordance with VSME

BE-GE | ANNUAL REPORT 2025

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Contents Introduction

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Be-Ge in numbers.........................................................................7 The Be-Ge Group’s companies.....................................................8 The CEO’s review........................................................................10 Our values...................................................................................12 Five-year summary......................................................................14 The Group’s Divisions

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Be-Ge Seating Division...............................................................18 Be-Ge Component Division.........................................................24 Be-Ge Vehicle Division................................................................30 Sustainability

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Company presentation................................................................39 Environment................................................................................42 Social factors and employees.....................................................52 Business conduct........................................................................58 Board of Directors

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Be-Ge Företagen AB...................................................................62 Be-Ge’s journey

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ABOUT OUR ANNUAL REPORT Our Annual Report for the financial year is not an official set of annual accounts for the Group, but a description of the operations and financial results of the various Divisions. Regular information on significant events and news is available at www.be-ge.com.

Further information can be obtained from the Be-Ge Group’s head office, telephone +46 491 45 46 10, or from CEO Håkan Hjalmarsson.

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BE-GE | ANNUAL REPORT 2025

BE-GE | ANNUAL REPORT 2025

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BE-GE | ANNUAL REPORT 2025

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 | ANNUAL REPORT 2025

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BE-GE | ANNUAL REPORT 2025 2025

Be-Ge in numbers

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

SEK 920 million is held by the group in equity.

The Group generates turnover of SEK 1,436 million.

There are 17 companies in the Group.

29% of sales take place outside Sweden.

81,7 %

66

Be-Ge operates in 6 countries.

The Group’s equity/assets ratio: 81.7%

During the year, the Group invested SEK 66 million.

7,8 %

112

The profit margin for 2025 was 7.8%.

Profit after financial items: SEK 112 million

91 years 91 years have passed since Be-Ge was founded.

BE-GE | ANNUAL REPORT 2025

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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 Component Division

Be-Ge Vehicle Division

» Be-Ge Seating AB

» Be-Ge Stece AB

» Be-Ge Personbilar AB

Oskarshamn, Sweden

» Be-Ge Frapett AB Mönsterås, Sweden

» Be-Ge Seating A/S Frøstrup, Denmark

» Be-Ge Seating UK Ltd Derbyshire, United Kingdom

Mönsterås, Sweden

» Be-Ge Plåtindustri AB Oskarshamn, Sweden

» Be-Ge Lackering AB Oskarshamn, Sweden

» Be-Ge Baltic UAB Klaipeda, Lithuania

Oskarshamn, Sweden

» Be-Ge Lastbilar AB Oskarshamn, Sweden

» Be-Ge Fordonfinans AB Oskarshamn, Sweden

» Be-Ge Frysen AB Visby, Sweden

» Be-Ge Seating B.V Zaltbommel, Netherlands

» Be-Ge Seating GmbH Jülich, Germany

» Be-Ge Office AB Oskarshamn, Sweden

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

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BE-GE | ANNUAL REPORT 2025

BE-GE | ANNUAL REPORT 2025

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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.

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BE-GE | ANNUAL REPORT 2025 2025

Å R S B E R ÄT T E L S E 2 0 2 0 - 2 0 2 1 - B E - G E K O N C E R N E

The CEO’s review

Ett tudelat verksamhetsår

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t the beginning of the financial year, it was believed

Både Be-Ge Seating Division och Be-Ge Component Division that both falling interest rates and inflation would hade en besvärlig start på nya verksamhetsåret. Koncernens contribute to an improved economy in the second

fordonsdivision, Be-Ge påverkades i lika half ofVehicle 2025. ButDivision, US actions in the area ofinte trade, hög gradprimarily som dewith båda övriga divisionerna.

Försäljningen regard to tariffs, have resulted in an economyav that remains cautious. This has meant that the Group’s fordon samt verkstadsbeläggningen låg demand kvar påfrom acceptabla customers in the automotive segment has been lower than nivåer under de första månaderna.

expected, which has had a negative impact on all three Divisions.

Precis innan semestertid började orderingången förbättras In the Be-Ge Seating Division, which manufactures driver and något, en trend som ytterligare förstärktes efter sommaren passenger seats, as well as office and surveillance chairs, inom samtliga tretodivisioner.

Underinhösten deliveries the truck segment particularhar sawefterfrågan a drop in

stärkts alltmer, vilketthe inneburit attprevious korttidspermitteringarna volume during year. In the year, driver seats were alsominskat deliveredi to a major trainför project, volumesdecember that could not successivt omfattning att fr.o.m. vara be replaced in full during 2025. This means that the driver seat helt avvecklade.

operation posted a decreased result than in the previous year.

Passenger seat deliveries have, however, continued to develop De fyra sista månaderna i koncernens brutna räkenskapsår very positively and deliver a record result for the financial year. har präglats av en mycket hög efterfrågan inom samtliga Overall, the outcome for the Division is therefore satisfactory with verksamhetsområden.

Förconditions. mars månad har koncernen due reference to the

levererat ett månadsresultat som är det bästa i historien.

The uncertainty in the external environment has resulted in an increased focus on defence capacity, withandra EU governments Den mycket starka återhämtningen under halvan av in particular significantly their och defence budgets räkenskapsåret, gör att bådeincreasing omsättning resultat för and investments in defence. This has created new business helåret är tillbaka på nivåer som gällde innan utbrottet av opportunities for the companies in the Seating Division, with the Coronapandemin. Även för kommande räkenskapsår ser business in Denmark securing an order for passenger seats for efterfrågan inom koncernens tre divisioner mycket lovande ut the defence industry. och några tecken på avmattning finns för närvarande inte.

Be-Ge Vehicle Division, which markets and sells trucks and passenger cars,ett continued to beår negatively affected in 2025 by the Det har således varit turbulent för koncernens fact thatfrån the economy did not recover. New car businessunder in the car verksamheter, en kraftig minskning i efterfrågan segment remains at lower levels, primarily in the private market, våren med korttidspermitteringar, till en situation under while the second-hand market has been more positive. The hösten och vintern där många fått arbeta övertid för att uncertainty regarding economic development has also resulted leveranserna skallbeing fungera.

Det hade inte varit möjligt att in hauliers cautious about ordering new trucks.

The service klara denna snabba förändring utan koncernens fantastiska market is slightly weaker than last year, but thanks to a higher medarbetare, sin lojalitet och flexibilitet till att deliverysom levelmed of new trucks and trailers, the vehiclesett business is still utmaningar delivering a level of financial results that are in lineinför. with lösa de stora som verksamheterna ställts expectations.

Demand in Be-Ge Component Division, which manufactures sheet

Fortsatta satsningar och metal components, stamped parts and tools, performs sewing work and provides painting services, remained at the same levels hållbarhetsarbete as in 2024. It was, however, possible to discern a slight increase Koncernen fortsätter satsa investera i de olika in the order bookatt during the och second half of the year, indicating

Inom Be-Ge Component Division har beslut fattats om en utbyggnation av produktionsytan för Be-Ge Plåtindustri explained by increased turnover resulted in a slight increase AB. Inom divisionen bedrivs ett aktivt arbete in capital tied up in working capital. Investments during med the energieffektivisering med hjälp av utomstående konsulter. 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 stablehar earning capacity, good liquidity Under verksamhetsåret koncernens första and strong faith in the future, the Group has decided, despite hållbarhetsrapport upprättats. Den har tagit sin utgångspunkt uncertainty in the external environment and a weaker economy in för förbättringsarbetet utifrån förhållandena som gällde 2025, to make the biggest investments in Be-Ge’s history. In the under 2019-2020. Hållbarhetsrapporten finns publicerad på Vehicle Division, the construction of a new truck facility is under koncernens hemsida, www.be-ge.se. 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

Ordersituationenwork inom koncernens tre divisioner är fortsatt Sustainability

mycket och några på nedgång i efterfrågan At the endgod of February 2025,tecken the European Commission presented Omnibus proposals on which companies are finns föritsnärvarande inte. Vaccineringstakten både i Sverige obliged to prepare a sustainability report in accordance withi the och i Europa börjar att öka och centralbankerna Europa CSRD (Corporate Sustainability Reporting Directive). If future och USA fortsätter att stimulera efterfrågan.

I takt med att legislative proposals are in accordance with what is proposed restriktionerna minskas och länderna öppnar upp, kommer by the European Commission, Be-Ge will not be subject to the efterfrågan även i andra branscher än de i vilka Be-Ge obligation to prepare a report under the CSRD. Sustainability work koncernen verksam att förbättras.

Tillväxten i de olika does, however,ärcontinue to be a focus for the Group’s operations. länderna kommer därför enligt alla bedömare att Requirements and expectations of sustainability work from bli hög kommande år. Utifrån dessa ser konjunkturen ljus various stakeholders, not least fromparametrar the Group’s major customers, necessitate continued initiatives to reduce the carbon footprint. ut.

Reporting of objectives and results is planned to take place in accordance with VSME, which is a voluntary standard for small Det finns dock några orosmoln som kan leda till att and medium-sized companies. konjunkturutvecklingen kommande år kan komma att påverkas negativt.

Den kraftiga efterfrågeökningen har lett Financial year 2026 till komponentbrist på bl.a. halvledare, som riskerar There are signs that the economy is improving and that demandatt störa produktionen inom automotivesektorn.

Råvarupriserna, is becoming stronger, albeit at a slow pace. This means that the prospects for stål 2026och are good, turnover andunder profits are främst på skum,and harboth ökat kraftigt våren expected to exceed levels of 2025. från koncernens kunder för 2021. Att erhållathe kompensation

ökningarna av råvarupriserna är en förutsättning för att

Thanks to the Group’s strong position, the challenges posed by lönsamheten inte skall försämras. the financial year 2025 have been met without the need for any major reductions in the workforce in our Divisions. It is important koncernen har fortsatt en stark balansräkning och en toBe-Ge continue to retain and develop the Group’s employees, god likviditet.

Detta tillsammans med ägarnas whose competence and loyalty are crucial for the successlångsiktighet of the investments that Be-Geunder has decided to make.verksamhetsår It was therefore kommer gör att koncernen kommande aatt pleasure to welcome another 14vidareutveckla employees to the verksamheterna 25th fortsätta investera och i anniversary club during the financial year 2025, a sign that our respektive division. employees continue to want to be part of and contribute to the future development of the Be-Ge Group!

more stable demand. verksamhetsgrenarna.

I Be-Ge Seating AB i Oskarshamn har investeringen i produktionslinjen för montering av stolar Liquidity, working capital and investments tagits i full bruk och förberedelser för slutmontering av en

The operations have generated a good cash flow, and the Group’s

ny truckstol pågår. Som en del av koncernens arbete för ökad cash and cash equivalents at the end of the financial year totalled hållbarhet, om14investeringar för attyear. minska SEKhar 269beslut million,fattats up by SEK million on the previous användandet av fossila bränslen samt olika energibesparande Capital tied up in inventories and increased trade receivables åtgärder.

HåkanHjalmarsson Hjalmarsson Håkan Managing Director and CEO VD och koncernchef

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

BE-GE | ANNUAL REPORT 2025

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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.

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Customer value

Collaboration

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.

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

Assuming responsibility

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.

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.

BE-GE | ANNUAL REPORT 2025

BE-GE | ANNUAL REPORT 2025

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Five-year summary Turnover

Profit after financial items

Investments

Balance sheet/Equity

MSEK

MSEK

MSEK

MSEK

1750

150

70

1200

60

1000

1500

120

50

1250 90

1000 750

600

30

60

400

20

500 30

250 0

800

40

20212022

0 2022*

2023

2024

2025

200

10 20212022

0 2022*

2023

2024

2025

20212022

0 2022*

2023

2024

2025

20212022

2022*

2023

2024

Balance sheet Equity

The Group’s equity ratio 2020-2021

75,9 %

2022

76,4 %

81,7%

80,6 %

2023 2024

82,4 %

2025

81,7 %

The Group’s equity ratio, 2025

Number of employees in the Group 2020-2021 2022 2023 2024 2025

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BE-GE | ANNUAL REPORT 2025 2025

579

531 556

Number of employees in the Group, 2025

563 568 579

2025

INCOME STATEMENT 2025

2024

2023

2022 *

2021-22

Net turnover

1 436 715

1 395 466

1 504 596

1 379 345

1 204 109

SEK thousand Gross profit

282 865

283 444

276 326

250 775

223 583

Operating profit

106 569

106 650

128 039

85 176

73 969

Profit after financial items

112 401

115 264

133 785

89 135

80 572

Tax

-24 006

-23 506

-27 896

-18 971

-15 175

Profit for the year

88 395

91 758

105 890

70 164

65 397

2025-12-31

2024-12-31

2023-12-31

2022-12-31

2022-04-30

8 678

5 207

5 854

7 951

7 241

337 946

309 304

286 268

301 333

263 681

BALANCE SHEET SEK thousand Intangible fixed assets Property, plant and equipment Financial assets

34 907

28 272

23 320

24 506

18 058

Current assets

743 860

694 992

651 457

561 919

547 919

TOTAL ASSETS

1 125 391

1 037 775

966 898

895 709

836 899

Equity

919 616

854 978

778 889

683 896

635 380

Provisions

25 806

24 754

22 718

47 066

45 040

Non-current liabilities

15 370

12 162

11 576

15 287

8 904

Current liabilities

164 599

145 881

153 715

149 460

147 575

1 125 391

1 037 775

966 898

895 709

836 899

2021-22

TOTAL EQUITY AND LIABILITIES

KEY INDICATORS 2025

2024

2023

2022 *

Profit margin, %

7,8

8,3

8,9

6,5

6,7

Return on capital employed, %

12,4

13,7

17,6

13,6

13,2

Return on equity, %

10,0

11,2

14,5

10,6

10,6

Equity ratio, %

81,7

82,4

80,6

76,4

75,9

Investments, SEK thousand

65 980

49 595

41 792

51 009

45 443

Cash flow from operating activities, SEK thousand

111 045

107 779

144 115

99 973

93 254

DEFINITIONS Profit margin Income after net financial items/Invoiced sales

Return on equity Profit for the year/Average equity

Capital employed Balance sheet total – Non-interest-bearing current liabilities

Equity ratio Adjusted equity/Total assets

Return on capital employed (Income after net financial items + Financial expenses)/ Average capital employed

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

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

BE-GE | ANNUAL REPORT 2025

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The Group’s Divisions Be-Ge Seating Division.................................................................18 Be-Ge Component Division...........................................................24 Be-Ge Vehicle Division..................................................................30

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BE-GE | ANNUAL REPORT 2025 2025

BE-GE | ANNUAL REPORT 2025

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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

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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.

Thomas Axelsson Managing Director: Be-Ge Seating AB Born: 1970 Appointed: 2019

Erik Lodahl Andersen Managing Director: Be-Ge Seating A/S Born: 1968 Appointed: 2019

Gary Shaw Managing Director: Be-Ge Seating UK Ltd Born: 1968 Appointed: 2006

Henric Arvidsson Managing Director: Be-Ge Frapett AB Born: 1980 Appointed: 2022

BE-GE | ANNUAL REPORT 2025

Paul van der Western Managing Director: Be-Ge Seating B.V./GmbH Born: 1974 Appointed: 2020

6

44 %

635

221

Operating companies in the Division

Share of the Group’s net sales

External turnover (SEK million)

Number of employees

Key indicators

2025

2024

2023

2022 *)

2021-22

Turnover, SEK million

634 727

608 359

568 152

474 288

435 122

Profit after financial items (SEK million)

77 409

79 970

68 753

33 371

30 829

Investments, SEK million

14 038

12 359

17 972

7 904

8 451

Number of employees

221

210

213

206

201

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

7

2

18

5

1

5

Be-Ge Seating AB

13

30

Be-Ge Seating A/S

Number of employees in each company, 2025

Each company’s share of the division’s revenue, 2025 (%)

117

Be-Ge Seating B.V.

57

Be-Ge Seating UK Ltd Be-Ge Seating GmbH Be-Ge Frapett AB

47

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BE-GE | ANNUAL REPORT 2025

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Be-Ge Seating Division

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.

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.

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.

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.

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

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BE-GE | ANNUAL REPORT 2025

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.

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.

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Be-Ge Seating Division

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.

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

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.

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.

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BE-GE | ANNUAL REPORT 2025

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 | ANNUAL REPORT 2025

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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

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BE-GE | ANNUAL REPORT 2025

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

4

16 %

228

235

Operating companies in the Division

Proportion of the Group’s net turnover

External turnover (SEK million)

Number of employees

Key indicators

2025

2024

2023

2022 *

2021-22

Turnover, SEK million

228 244

232 609

286 689

270 670

236 706

Profit after financial items (SEK million)

15 230

18 719

36 915

28 313

32 505

Investments, SEK million

9 437

16 922

11 093

25 372

15 183

Number of employees

235

235

232

228

215

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

15

7 64

13 40

92

Each company’s share of the division’s revenue, 2025 (%)

Number of employees in each company, 2025

Be-Ge Stece AB Be-Ge Plåtindustri AB Be-Ge Baltic UAB Be-Ge Lackering AB

64

40

BE-GE | ANNUAL REPORT 2025

25

Be-Ge Component Division

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

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BE-GE | ANNUAL REPORT 2025

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.

BE-GE | ANNUAL REPORT 2025

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BE-GE | ANNUAL REPORT 2025 2025

Be-Ge Component Division

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.

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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

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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

4

40 %

570

107

Operating companies in the Division

Proportion of the Group’s net turnover

External turnover (SEK million)

Number of employees

Key indicators

2025

2024

2023

2022 *)

2021-22

Turnover, SEK million

569 945

550 626

645 846

630 967

528 861

Profit after financial items (SEK million)

21 012

18 901

27 382

32 692

23 230

Investments, SEK million

37 537

19 999

11 441

17 505

21 451

Number of employees

107

107

103

108

102

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

37

35

Each company’s share of the division’s revenue, 2025 (%)

Number of employees in each company, 2025 70

Be-Ge Lastbilar AB Be-Ge Personbilar AB

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BE-GE | ANNUAL REPORT 2025

31

Be-Ge Vehicle Division

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.

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BE-GE | ANNUAL REPORT 2025

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.

BE-GE | ANNUAL REPORT 2025

33

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BE-GE | ANNUAL REPORT 2025 2025

Be-Ge Vehicle Division

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.

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.

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.

BE-GE | ANNUAL REPORT 2025

35

Sustainability Be-Ge Företagen AB’s sustainability report for the financial year 2025

Company presentation..................................................................39 Environment..................................................................................42 Social factors and employees.......................................................52 Business conduct..........................................................................58

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BE-GE | ANNUAL REPORT 2025 2025

BE-GE BE-GE || ANNUAL ANNUALREPORT REPORT 2025

37

38

BE-GE | ANNUAL REPORT 2025 2025

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.

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.

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.

BE-GE | ANNUAL REPORT 2025

39

Companies in the Group

40

Corp. ID no.

Name

Adress

Company form

NACE code

Balance sheet total, SEK thousand

Turnover, SEK thousand

Number of employees

556377-8298

Be-Ge Företagen AB (Group)

Box 912, 572 29 Oskarshamn, Sweden

AB

L – 64.21

1,125,391

1,436,715

579

556156-3643

Be-Ge Seating AB

Box 912, 572 29 Oskarshamn, Sweden

AB

C – 30.99

258,878

407,799

117

556132-8625

Be-Ge I-B Lackering AB

Inkörningsvägen 3, 572 36 Oskarshamn, Sweden

AB

C – 25.51

22,450

20,287

14

556773-0774

Be-Ge Fastigheter AB

Box 912, 572 29 Oskarshamn, Sweden

AB

M – 68.20

13,811

4,281

0

556048-2746

Be-Ge Stece AB

Industrigatan 6, 383 32 Mönsterås, Sweden

AB

C – 25.99

120,179

128,201

64

556223-1430

Be-Ge Plåtindustri AB

Box 518, 572 25 Oskarshamn, Sweden

AB

C - 25.99

107,624

127,758

64

556092-6643

Be-Ge Lastbilar AB

Box 908, 572 29 Oskarshamn, Sweden

AB

G – 47.81

229,537

371,786

70

556061-4298

Be-Ge Personbilar AB

Box 908, 572 29 Oskarshamn, Sweden

AB

T – 95.31

70,434

203,356

37

556210-4009

Be-Ge Office AB

Box 912, 572 29 Oskarshamn, Sweden

AB

L – 64.22

289

0

0

556459-2375

Be-Ge Frapett AB

Södra Vägen 7, 383 34 Mönsterås, Sweden

AB

C – 31.00

21,280

36,971

18

556698-3770

Be-Ge Frysen AB

Box 908, 572 29 Oskarshamn, Sweden

AB

M – 68.20

5,491

984

0

559016-3092

Be-Ge Fordonsfinans AB

Box 908, 572 29 Oskarshamn, Sweden

AB

L – 64.91

21,545

1,070

0

51617312

Be-Ge Seating A/S

Vestergade 63-65, DK-7741 Frøstrup, Denmark

A/S

C – 30.99

82,383

140,637

47

141195074

Be-Ge Baltic UAB

Pramonés g. 27, LT-94103 Klaipéda, Lithuania

UAB

C – 13.30

41,815

41,411

92

1716943

Be-Ge Seating BV

Van Voordenpark 24, 5301 KP Zaltbommel, Netherlands

BV

C – 30.99

48,004

87,070

30

813027145

Be-Ge Seating GmbH

Helmholtzstrasse 11, 524 28 Jülich, Germany

GmbH

G – 46.1

2,671

8,593

2

6026206

Be-Ge Seating UK Ltd

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

Ltd

G – 46.1

10,193

33,324

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BE-GE | ANNUAL REPORT 2025

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

Assessment score

ISO 9001:2015

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

N/A

ISO 14001:2015

International standard for environmental management systems.

N/A

ISO 45001:2018

Management system for occupational health and safety management.

N/A

ISO 3834-2

Quality system for welding that complements other standard systems such as ISO.

N/A

LOC&PAS TSI

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

N/A

EN 15085

European standard for welding of railway vehicles and components.

N/A

IATF 16949

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

N/A

FR2000

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

N/A

IB 016 REACH

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

N/A

Ecovadis

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

Bronze to Gold.

SAQ 5.0

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

N/A

N/A = Not Applicable

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.

BE-GE | ANNUAL REPORT 2025

41

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.

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BE-GE | ANNUAL REPORT 2025

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:

Area

Policy

Publicly available (Yes/No)

Climate change

Environmental policy

Yes

Code of Conduct

Yes

Supplier Code of Conduct

Yes

Code of Conduct

Yes

Supplier Code of Conduct

Yes

Water resources and marine resources

Code of Conduct

Yes

Supplier Code of Conduct

Yes

Circular economy

Code of Conduct

Yes

Supplier Code of Conduct

Yes

Pollution

Objective (Yes/No)

Responsible for implementation

No

MD

No

MD

No

MD

NO

MD

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

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43

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.

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.

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.

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.

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.

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.

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.

44

BE-GE | ANNUAL REPORT 2025

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.

BE-GE BE-GE || ANNUAL ANNUALREPORT REPORT 2025

45

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

Be-Ge Seating A/S

Be-Ge Seating B.V.

Be-Ge Seating UK Ltd

Be-Ge Frapett AB

Be-Ge Baltic UAB

Be-Ge Lackering AB

Be-Ge Plåtindustri AB

Be-Ge Stece AB

Be-Ge Lastbilar AB

Be-Ge Personbilar AB

Total energy consumption

Be-Ge Seating AB

Energy, MWh

Be-Ge Företagen (Group)

01/01/2025 – 31/12/2025

14 621

2 326

1 329

252

18

181

360

819

2 432

3 253

2 266

1 385

6 681

1 012

200

45

18

162

163

361

1 562

1 904

785

469

0

0

0

0

0

0

0

0

0

0

0

0

6 681

1 012

200

45

18

162

163

361

1 562

1 904

785

469

817

286

0

0

0

0

0

0

0

291

160

80

0

0

0

0

0

0

0

0

0

0

0

0

817

286

0

0

0

0

0

0

0

291

160

80

6 356

971

1 014

0

0

18

193

428

848

1 058

1 096

730

Electricity Renewable Non-renewable Total renewable and non-renewable Self-generated electricity Renewable Non-renewable Total renewable and non-renewable District heating Fuels Renewable

43

0

0

0

0

0

0

0

0

0

42

0

Non-renewable

724

57

115

207

0

0

4

30

22

0

183

106

Total renewable and non-renewable

767

57

115

207

0

0

4

30

22

0

226

106

Scope 1 greenhouse gas emissions

258

15

0

60

0

7

1

73

4

12

55

31

Scope 2 greenhouse gas emissions - location-based

55

5

7

0

0

0

15

2

6

10

6

4

Total greenhouse gas emissions - Scope 1 and 2

313

20

7

60

0

7

16

75

10

22

61

35

0

-

-

-

-

-

-

-

-

-

-

-

Greenhouse gas emissions, tCO2e

Greenhouse gas emissions intensity Scope 1 and Scope 2

Energy consumption

Greenhouse gas emissions (Scope 1 and 2)

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.

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).

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.

46

BE-GE | ANNUAL REPORT 2025

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 kWh/TSEK

MWh/year

District heating, MWh

kWh/ TSEK

MWh/year

5000

2000

40

4000

1500

30

3000

1000

20

2000

500

10

1000

0

0

100 %

0

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)

Be-Ge Personbilar AB

Be-Ge Lastbilar AB

Be-Ge Baltic UAB

Be-Ge Seating A/S

Be-Ge Stece AB

50

Be-Ge Plåtindustri AB

2500

Be-Ge Lackering AB

6000

Be-Ge Frapett AB

60

Be-Ge Seating UK Ltd

7000

3000

Be-Ge Seating B.V.

70

Be-Ge Seating AB

3500

Self-generated electricity (817 MWh)

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

100 %

Purchased electricity (6681 MWh)

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.

Total emissions per company

Total emissions for the Group

- Scope 1 och 2, tCO2e

- Scope 1 och 2, tCO2e

35

20

7 Be-Ge Seating AB (20) 60

Scope 2 (54 tCO2e)

Be-Ge Seating A/S (7) Be-Ge Seating B.V. (60) Be-Ge Seating UK Ltd (0)

60

Be-Ge Frapett AB (7) Be-Ge Baltic UAB (16) Be-Ge Lackering AB (75) 7 16 22

Be-Ge Plåtindustri AB (10) Be-Ge Stece AB (22) Be-Ge Lastbilar AB (60) Be-Ge Personbilar AB (35)

10 75

Scope 1 (258 tCO2e)

BE-GE | ANNUAL REPORT 2025

47

Pollution 01/01/2025 – 31/12/2025

Be-Ge Seating B.V.

Be-Ge Seating UK Ltd

Be-Ge Frapett AB

Be-Ge Baltic UAB

Be-Ge Lackering AB

Be-Ge Plåtindustri AB

Be-Ge Stece AB

Be-Ge Lastbilar AB

Be-Ge Personbilar AB

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.

Be-Ge Seating A/S

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

Be-Ge Seating AB

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.

Be-Ge Företagen (Group)

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.

Emissions to air

0

0

0

0

0

0

0

0

0

0

0

0

Emissions to water

0

0

0

0

0

0

0

0

0

0,14

0

0

Emissions to soil

0

0

0

0

0

0

0

0

0

0

0

0

Emissions to air

0

0

0

0

0

0

0

0

0

0

0

0

Emissions to water

0

0

0

0

0

0

0

0

0

0,02

0

0

Emissions to soil

0

0

0

0

0

0

0

0

0

0

0

0

Emissions to air

0

0

0

0

0

0

0

0

0

0

0

0

Emissions to water

0

0

0

0

0

0

0

0

0

0,01

0

0

Emissions to soil

0

0

0

0

0

0

0

0

0

0

0

0

Pollutions Zinc and compounds (Zn)

Nickel and compounds (Ni)

Chromium and compounds (Cr)

48

BE-GE | ANNUAL REPORT 2025

Water

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

Be-Ge Seating A/S

Be-Ge Seating B.V.

Be-Ge Seating UK Ltd

Be-Ge Frapett AB

Be-Ge Baltic UAB

Be-Ge Lackering AB

Be-Ge Plåtindustri AB

Be-Ge Stece AB

Be-Ge Lastbilar AB

Be-Ge Personbilar AB

Total amount of water withdrawn from site

Be-Ge Seating AB

Water, m3

Be-Ge Företagen (Group)

01/01/2025 – 31/12/2025

10 660

1 951

234

106

36

77

497

176

710

1 807

3 562

1 504

0

0

0

0

0

0

0

0

0

0

0

0

Total water discharge at site

10 660

1 951

234

106

36

77

497

176

710

1 807

3 562

1 504

Total water consumption, net

0

0

0

0

0

0

0

0

0

0

0

0

Total water withdrawal and water discharge (10 660 m3)

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.

7,4

litres/TSEK

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

BE-GE | ANNUAL REPORT 2025

49

Waste

Be-Ge Personbilar AB

Be-Ge Plåtindustri AB

Be-Ge Lackering AB

Be-Ge Seating UK Ltd

0,06

0

0,2

1,1

0

1,9

57,5

37,0

0

31,4

10,0

1,4

13,0

22,3

26,3

757,1

895,4

112,8

56,4

Total amount of waste generated

2 171

147,2

31,8

10,06

1,4

13,2

23,4

26,3

759,0

952,9

149,8

56,4

Be-Ge Stece AB

Be-Ge Lastbilar AB

0,4

110,0

Be-Ge Baltic UAB

37,2

2 036

Total amount of hazardous waste generated

Be-Ge Frapett AB

Be-Ge Seating B.V.

135

Total amount of non-hazardous waste generated

Total amount of waste generated, tonnes

Be-Ge Seating AB

Be-Ge Seating A/S

Be-Ge Företagen (Group)

01/01/2025 – 31/12/2025

Annual mass flow of relevant materials used, tonnes Metal

5 182

1 269,0

412,0

0

0

22,4

0

0

1 396,3

2 082,0

0

0

Foam, rubber, plastic

328

280,8

33,0

0

0

14,2

0

0

0

0

0

0

Fabrics

62

47,8

14,0

0

0

0,7

0

0

0

0

0

0

5 572

1 597,6

459,0

0

0

37,3

0

0

1 396,3

2 082,0

0

0

Total annual mass flow of relevant materials used

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

Hazardous waste (135 ton)

Total waste generated in the Group

Non-hazardous waste (2 036 ton)

50

BE-GE | ANNUAL REPORT 2025

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.

Foam, rubber and plastic (328 tonnes)

Fabrics (62 tonnes)

Annual mass flow of relevant materials in the Group

Metal (5 182 tonnes)

BE-GE BE-GE || ANNUAL ANNUALREPORT REPORT 2025

51

Social factors and employees In this section, we highlight our focus on the UN’s Sustainable Development Goals for gender equality, decent work and economic growth.

52

BE-GE | ANNUAL REPORT 2025 2025

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:

Area

Policy

Publicly available (Yes/No)

Own workforce

Code of Conduct

Yes

Supplier Code of Conduct

Yes

Work environment policy

Yes

Anti-discrimination policy

Yes

Workers in the value chain

Code of Conduct

Yes

Supplier Code of Conduct

Yes

Affected communities

Code of Conduct

Yes

Supplier Code of Conduct

Yes

Code of Conduct

Yes

Supplier Code of Conduct

Yes

Consumers and end-users

Objective (Yes/No)

Responsible for implementation

No

MD

No

MD

No

MD

No

MD

BE-GE | ANNUAL REPORT 2025

53

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

54

BE-GE | ANNUAL REPORT 2025

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.

BE-GE | ANNUAL REPORT 2025

55

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

Workforce

Be-Ge Företagen (Group)

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 Baltic UAB

Be-Ge Lackering AB

Be-Ge Plåtindustri AB

Be-Ge Stece AB

Be-Ge Lastbilar AB

Be-Ge Personbilar AB

01/01/2025 – 31/12/2025

Total number of employees

571

118

47

29

7

19

90

15

65

64

79

38

Permanent employees

556

112

47

26

7

19

90

15

63

63

76

38

Temporary employees

15

6

0

3

0

0

0

0

2

1

3

0

Men

400

96

34

23

5

11

12

12

63

42

66

36

Women

169

22

13

6

2

8

78

3

2

22

11

2

Number of employees who left during the reporting period

44

5

6

1

0

2

4

0

5

8

10

3

Number of employees at the beginning of the reporting period

566

123

40

25

7

19

91

15

63

66

79

38

Number of employees at the end of the reporting period

571

118

47

29

7

19

90

15

65

64

79

38

Employee turnover rate in the reporting period, %

7,67

4,15

13,79

2,95

0

10,53

4,42

0

12,99

12,31

12,82

7,89

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

0

0

0

0

0

0

0

0

0

0

0

0

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

0

0

0

0

0

0

0

0

0

0

0

0

Number of male employees at management level

29

4

2

2

1

2

2

0

4

4

4

4

Number of female employees at management level

14

1

1

1

0

0

8

0

0

1

1

1

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

0,48

0,25

0,50

0,50

0

0

4

0

0

0,25

0,25

0,25

Management representation

Health and safety Number of registered work-related accidents

24

6

0

1

0

2

1

0

5

3

4

2

Number of hours worked per full-time employee

2 002

2 080

1 665

1 744

1 976

2 080

1 920

2 080

2 080

2 080

2 080

2 080

Total number of hours worked by all employees

1 139 143

245 440

78 255

50 576

13 832

39 520 172 800

133 120 160 160

79 040

Frequency of registered work-related accidents

4,2

4,89

-

3,98

-

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

10,12

1,16

31 200 135 200 -

7,40

4,69

7,0

5,06

0

0

0

0

0

0

0

0

0

0

0

0

Number of days of sick leave, Men

4 386

647

240

576

5

136

220

356

622

324

976

284

Number of days of sick leave, Women

2 295

335

151

2

2

80

1 180

65

6

278

178

18

Total days of sick leave

6 681

982

391

578

7

216

1 400

421

628

602

1 154

302

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

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Average gross hourly wage for male employees, SEK

207,38

190,91

215

254

222

202

138,53

210,12

182,08

230,10

213,03

243,47

Average gross hourly wage for female employees, SEK

157,78

193,78

200

229

234

182

108,15

193,69

205,69

201,70

200,22

218,57

Pay gap between female and male employees, %

23,95

101,50

93,02

90,16

105,41

90,10

78,07

92,18

112,97

87,66

93,99

89,77

463

118

36

29

0

19

0

15

65

64

79

38

81,08

100

100

100

0

100

0

100

100

100

100

100

Number of training hours per employee, Men

18

8,67

14,71

14,75

0

1,18

89,75

0,66

7,12

0,48

44

19

Number of training hours per employee, Women

32

1,75

17

0

0

0

284,25

0

0

0,27

18

32

Average number of training hours per employee

0,97

0,09

0,67

0,51

0

0,06

4,16

0,04

0,11

0,01

0,81

1,34

Number of employees covered by collective agreements Proportion of employees covered by collective agreements, % Training

56

BE-GE | ANNUAL REPORT 2025 2025

Number of employees per company 120

Be-Ge Seating AB (118 st)

Country of employment

Be-Ge Seating A/S (47 st)

100

Be-Ge Seating B.V. (29 st) 80

Sweden

Be-Ge Seating UK Ltd (7 st) Be-Ge Frapett AB (19 st)

60

Be-Ge Baltic UAB (90 st)

40 20

3

The Netherlands

29

Be-Ge Lackering AB (15 st)

France

1

Be-Ge Plåtindustri AB (65 st)

Denmark

46

Be-Ge Stece AB (64 st)

United Kingdom

7

Lithuania

92

Be-Ge Lastbilar AB (79 st) Be-Ge Personbilar AB (38 st)

0

401

Germany

Gender distribution Men

Women

Women (30%)

100 80 60

Gender distribution in the Group

40 20

Men (70%) Be-Ge Personbilar AB

Be-Ge Lastbilar AB

Be-Ge Stece AB

Be-Ge Plåtindustri AB

Be-Ge Lackering AB

Be-Ge Baltic UAB

Be-Ge Frapett AB

Be-Ge Seating UK Ltd

Be-Ge Seating B.V.

Be-Ge Seating A/S

Be-Ge Seating AB

0

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

0

No incidents related to severe negative impacts on human rights.

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.

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Business conduct In this section, we highlight our focus on the UN’s Sustainable Development Goals in the areas of decent work and economic growth, as well as peaceful and inclusive communities.

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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:

Area

Policy

Publicly available (Yes/No)

Objective (Yes/No)

Responsible for implementation

Business conduct

Code of Conduct

Yes

No

MD

Supplier Code of Conduct

Yes

No

MD

Whistleblowing Policy

Yes

No

MD

Privacy Policy

Yes

No

MD

Email Policy

Yes

No

MD

Cookie Policy

Yes

No

MD

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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.

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 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.

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.

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.

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.

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

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.

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.

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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 Women (1)

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.

0,17

Gender distribution ratio

Men (6)

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Board of Directors

Be-Ge Företagen AB Board of Directors From left: Rickard Petri, Johan Persson, Ingmar Persson, Håkan Hjalmarsson, Per Thorsell, Peter Cerny, Ulrica Larsson

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Members

Born

Residence

Board assignments

Assignments in the Group

Other assignments

Rickard Petri

1953

Växjö

Board member

-

-

Board member

Chair of the Board

Chair of the Board

since 2007-2008

• Be-Ge Office AB

• M2 Marina AB

Board member

Board member

• Samtliga Be-Ge

• Atrinova Affärsutveckling AB

företag

• Oskarshamns Golf AB

since 2012-2013 Chair of the Board since 2020-2021 Johan Persson

1966

Oskarshamn

• Värde Ansvar Gemenskap Handlarna i Sverige AB • Industriellt UtvecklingsCentrum Ingmar Persson

1953

Malmö

Board member

Chair of the Board

since 2007-2008

• Be-Ge Fastigheter AB

-

Board member • Samtliga Be-Ge företag Håkan Hjalmarsson

1962

Oskarshamn

Board member

CEO and Board Member

since 2017-2018

• 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 Per Thorsell

1967

Kalmar

Board member

-

since 2023 Peter Cerny

1966

Ängelholm

Board member

Board member • Laophorum AB

-

since 2020-2021

Managing Director/Group CEO • ESBE AB Board member • Proton Industries AB • Proton Group AB • Business Sweden

Ulrica Larsson

1968

Hörby

Board member since 2021-2022

-

Managing Director • Rosenqvists Irrigation AB Board member • Stall MagnaRed AB • Eva Thuresson Mat & Dryck AB • Järrestads Härads Lantmannaförening

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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.

1946 Be-Ge Karosserifabrik AB is established.

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.

1949 The first modern, suspended driver seats for commercial vehicles are developed.

1941 Be-Ge Bil becomes sales agent for Scania-Vabis trucks. Today, the company is the world’s oldest private Scania agent.

1951 Be-Ge Bil becomes a sales agent for Volkswagen.

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.

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.

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2021 2018 2017

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.

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.

2012 Be-Ge Lastbilar’s new Scania and service facility in Hultsfred is inaugurated.

2010

2009

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

Be-Ge Fastigheter AB is formed.

2008

2007

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

2001 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.

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

2006

2005 The car plant in Oskarshamn is enlarged through significant refurbishment and extension work.

Be-Ge Traktor & Maskin i Åstorp AB is sold off.

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 2002

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

The Be-Ge Group celebrates its 90th anniversary.

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.

2000

2024

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

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

The companies Jany A/S and Vald.

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

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