Beijer Electronics Annual Report 2012
Investments in future growth via product development, as well as the strengthening of the global sales organization, have characterized business operations over the past year. More can be read about this in Beijer Electronics' 2012 Annual Report in English, published today on the company’s website, www.beijergroup.com .
Several key product-launches within HMI, industrial data communications and drive system technology areas are the results of the company having invested more in product development during 2012 than ever before.
Focusing on industry-specific automation has been profitable, particularly in the U.S. rail segment, where subsidiary company Westermo secured one of Beijer Electronics' largest orders ever with the Washington Metropolitan Area Transit Authority as the end customer.
Even though the underlying world economic recovery was weak, the company experienced strong growth of 14 % in the US automation market which outperformed the market in general. Scandinavia also constituted a larger proportion of sales.
In his comments on the year, President and CEO Fredrik Jönsson said:
“Focus during the year has been on our global sales efforts. We have opened two new sales offices in Asia, in Malaysia and Korea, and hired a total of 20 new salespeople worldwide. By being present in different parts of the world, we reduce our sensitivity to economic fluctuations and create conditions for one of our key competitive advantages – closeness to our customers.”
The Annual Report is available on the company’s website in English and Swedish. The Report can also be ordered from the company by phone on +46 (0)40 35 86 00 or by sending an e-mail to email@example.com .
For more information please contact:
President and CEO, Fredrik Jönsson, tel 46 (0)40 35 86 10, mobile 46 (0)705 17 16 26
CFO, Anna Belfrage, tel 46 (0)40 35 86 53, mobile 46 (0)706 35 86 53
Beijer Electronics is a fast growing technology company with extensive experience of industrial automation and data communication. The company develops and markets competitive products and solutions that focus on the user. Since its start-up in 1981, Beijer Electronics has evolved into a multinational group present in 22 countries and sales of 1,367 MSEK 2012. The company is listed on the NASDAQ OMX Nordic Stockholm Small Cap list under the ticker BELE. www.beijerelectronics.se