Beijer Electronics’ Annual Report 2011

High sales growth as a result of the successful 2010 acquisitions as well as major investments in technology development and product development. More information is in Beijer Electronics’ Annual Report 2011, published today on the company’s website, www.beijerelectronics.se .

Self-developed products dominate sales as Beijer Electronics presents the best year yet. Several new products and solutions were launched during the year, among others, the company’s advanced industrial data communications solutions for the rail segment which scored big successes. In total, self-developed products make up 80% of the company’s sales.

In the year, the company also launched major initiatives within direct sales and geographical expansion. Sales resources were upscaled in the US, Europe and Asia, and the company has increased its geographical presence through new ventures in Brazil and India, both strong growth economies.

In his comments on the year, President and CEO Fredrik Jönsson said: “In our sector, future-focused and customer-oriented product development is an absolute necessity for success on the market. In 2011, we invested more funds than ever before in our development operation, and we got a very good pay-off in the form of world-leading products and solutions.”

Printed copies of the Annual Report in Swedish will be distributed around April 3 to people who have registered a request through Beijer Electronics’ subscription service. The Report can also be ordered from the company by phone on +46 (0)40 35 84 96 or by sending an e-mail to info@beijerelectronics.se.

The Annual Report is available on the company’s website in English and Swedish. Printed copies in English can be ordered from mid-April.

For more information, please contact

CEO and President, Fredrik Jönsson, tel +46 (0)40 35 86 00, mobile +46 (0)705 17 16 26
CFO, Anna Belfrage, tel +46 (0)40 35 86 53, mobile +46 (0)705 52 05 57

 

Beijer Electronics is a fast growing technology company with extensive experience of industrial automation and robust data communication. The company develops and markets competitive products and solutions with focus on the user. Since its start-up in 1981, Beijer Electronics has evolved into a multinational group with offices in 21 countries and sales of 1,400 MSEK 2011. Beijer Electronics is listed on the NASDAQ OMX Nordic Exchange Stockholm’s Small Cap list under the ticker BELE. www.beijerelectronics.se

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Beijer Electronics Group AB (publ) is a fast growing technology company with extensive experience of industrial automation and robust data communication. The company develops and markets competitive products and solutions with focus on the user. Since its start-up in 1981, Beijer Electronics Group has evolved into a multinational group with sales over 1.1 billion SEK 2016. The company is listed on the NASDAQ OMX Nordic Exchange Stockholm’s Small Cap list under the ticker BELE. www.beijergroup.com

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Quotes

In our sector, future-focused and customer-oriented product development is an absolute necessity for success on the market. In 2011, we invested more funds than ever before in our development operation, and we got a very good pay-off in the form of world-leading products and solutions.
Fredrik Jönsson, President and CEO