Continued strong demand
I am delighted to begin my first report by announcing that the first quarter of 2018 was the strongest quarter to date in Beijer Alma’s history. The Group’s order bookings, invoicing and earnings all improved. Order bookings increased 20 percent, invoicing 7 percent and earnings 13 percent.
Within Lesjöfors’s Industry Springs business area, invoicing rose 9 percent, with Sweden and Germany representing particularly strong markets. Invoicing in the Chassis Springs business area increased 14 percent. Customer demand was strong for both business areas, and we are well positioned to capitalize on this thanks to our service and production models.
Habia’s order bookings for the quarter amounted to MSEK 367 (227), up 62 percent, mainly due to a new offshore order totaling approximately MSEK 100. Demand was favorable and deliveries increased as the quarter progressed. However, invoicing declined 8 percent due to the extremely high deliveries in Telecom in the first quarter of 2017, which have now returned to a more normal – yet still strong – level.
Beijer Tech’s invoicing rose 16 percent to MSEK 217 (187) during the quarter. Both Industry and Fluid Technology contributed to the increase. The acquisition of Svebab also contributed to an increase in invoicing and earnings.
Henrik Perbeck, President and CEO
If you have any questions, please contact:
Henrik Perbeck, President and CEO, tel: +46 8 506 427 50, email@example.com
Jan Blomén, Chief Financial Officer, tel: +46 18 15 71 60, firstname.lastname@example.org
This information is information that Beijer Alma AB is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication, through the agency of the contact persons set out above, at 08:30 a.m./p.m. on April 26, 2018.
Beijer Alma AB (publ) is an international industrial group that focuses on component production and industrial supplies. The Group includes Lesjöfors, one of Europe’s largest spring manufacturers, Habia Cable, one of Europe’s largest manufacturers of custom-designed cables and Beijer Tech, with strong positions in industrial supplies in the Nordic region. Beijer Alma is listed on NASDAQ OMX Stockholm Mid Cap.
Beijer Alma AB (publ)
Dragarbrunnsgatan 45, Box 1747, SE-751 47 Uppsala, Sweden. Telephone 46 18 15 71 60. Fax 46 18 15 89 87.
Registered office: Uppsala. Corp. Reg. No: 556229-7480. www.beijeralma.se