Beijer Ref AB Q1-2020
Impact of Covid-19 in the first quarterFirst quarter Net sales increased by 1.3% in the first quarter compared to the same period last year and amounted to SEK 3,478 million (3,434). Acquisition effects amounted to 3.3%. Positive currency effects amounted to 1.2%, while organic growth was negative by -3.2%. The operating profit for the quarter amounted to SEK 197 million (244), a decrease of 19% compared with the same period last year. The operating margin amounted to 5.7% (7.1%). The main reasons for this are the effects of Covid-19 and a lower share of refrigerant sales. Profit