News : Beijer Electronics

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Beijer Electronics strengthens its market position in Turkey

5/3/2013 3:00 AM EST  -   Beijer Electronics
As of today, Beijer Electronics has acquired the Turkish automation company Petek Teknoloji Ltd. Petek Teknoloji Ltd. was established in 2005 and is a full range automation supplier on the Turkish market. Since 2005, Petek Teknoloji Ltd. has been Beijer Electronics’ distributor in Turkey, and has a yearly turnover of 2 MUSD in 2012.

The acquisition gives Beijer Electronics access to a growing market with on-going...

Report from Annual General Meeting in Beijer Electronics AB (publ)

4/24/2013 1:30 AM EST  -   Beijer Electronics
Beijer Electronics’ Annual General Meeting (AGM) for the financial year 2012 was held on April 23, 2013. The AGM approved the presented Income Statement and Balance Sheet and the Consolidated Income Statement and Consolidated Balance Sheet. The Board members and Chief Executive Officer were discharged from liability.

The Meeting approved the Board of Directors’ proposal for an ordinary dividend of SEK 1.25 per...

Interim report Jan-March 2013: Healthy Organic Order Intake Growth and Stable Op...

4/23/2013 7:11 AM EST  -   Beijer Electronics
• Order intake increased to 357.3 MSEK (353.3).
• Net sales were 327.7 MSEK (339.0).
• Operating profit before depreciation and amortization was 39.8 MSEK (41.1).
• Operating profit was 24.7 MSEK (25.5).
• Profit after tax increased by 31% to 16.8 MSEK (12.8).
• Earnings per share increased to 0.83 SEK (0.62).
• New distributor agreement signed with Mitsubishi Electric.
• Repurchase of 15% of the Automation business...

Beijer Electronics has today acquired a minority stake in Altus Sistemas de Auto...

4/22/2013 7:41 AM EST  -   Beijer Electronics
Beijer Electronics has strengthened its cooperation with the Brazilian automation company Altus. Beijer Electronics has, since 2004, had a distributor partnership through which Altus marketed Beijer Electronics products in the Brazilian market.
Altus Sistemas de Automação S.A. is a high technology company with a strong position in the field of automation products and solutions for industrial automation and...

Conference call on Interim Report January—March 2013

4/16/2013 3:00 AM EST  -   Beijer Electronics
Beijer Electronics AB (publ) releases its interim report for January—March 2013 on Tuesday April 23, at 1.00 p.m. CET.
On the same day a conference call will be held for press and analysts where President and CEO Fredrik Jönsson and CFO Anna Belfrage present the company and comment on the report.

Time:      Tuesday April 23, at 2.30 p.m. CET

To participate in the conference please dial:

From Sweden: +46...

Beijer Electronics signs cooperation agreement and repurchases minority sharehol...

4/5/2013 7:00 AM EST  -   Beijer Electronics
Beijer Electronics and Mitsubishi Electric have signed a three year cooperation agreement building upon a 30 year relationship. This confirms Beijer Electronics as Mitsubishi Electric’s preferred partner in the Nordic countries and the Baltic states and together we will continue to develop the market in this region.

In connection with this, Beijer Electronics and Mitsubishi Electric have agreed to the repurchase of...

Notice Convening the AGM of Beijer Electronics AB (publ)

3/19/2013 5:00 AM EST  -   Beijer Electronics
The shareholders of Beijer Electronics AB (publ) are hereby convened to the Annual General Meeting (AGM), which will be held at 4 p.m. on Tuesday, April 23, 2013 at Malmö Börshus, Skeppsbron 2, in Malmö, Sweden.
Notice will be done through advertisement in The Official Swedish Gazette (Post- och Inrikes Tidningar) and by making the notice available on the company website www.beijerelectronics.se. The notice is...

Organizational Announcement Beijer Electronics Group Management

2/12/2013 9:04 AM EST  -   Beijer Electronics
Sven Knutsson has been apppointed  VP Operations for Beijer Electronics. Sven will join Beijer Electronics during March from Schneider Electric where he has held a number of positions within the Operations structure. Since 2011 he has held the position as VP EMEA Security Business.

   
Henrik Dalby has been appointed new VP Sales EMEA taking the responsibility for all industrial automation sales within the EMEA...

Nomination Committee Board Proposals for 2013

2/8/2013 8:10 AM EST  -   Beijer Electronics
To the Annual General Meeting (AGM) on April 23, 2013, the Nomination Committee of Beijer Electronics AB has informed the company that it will be proposing following:

· that the Board of Directors shall consist of seven members
· re-election of Board members Bert Åke Eriksson, Ulrika Hagdahl, Maria Khorsand, Anders Ilstam and Fredrik Jönsson, CEO of the company. Stig-Arne Blom has declined re-election
· new...

Financial Statement 2012: Improved Demand in the Fourth Quarter

2/7/2013 2:00 AM EST  -   Beijer Electronics
Full Year 2012
• Order intake down 2% to 1,373.4 MSEK (1,406.9)
• Net sales amounted to 1,367.2 MSEK (1,417.7)
• Operating profit was 99.5 MSEK (150.3)
• Profit after tax amounted to 53.3 MSEK (99.1)
• Earnings per share were 2.64 SEK (5.03)
• The Board of Directors is proposing a dividend of 1.25 SEK (2.25) per share.

      
Fourth Quarter
• Order intake increased to 349.3 MSEK (343.2)
• Net sales decreased to...