Redeye initiates coverage of Beijer Electronics Group

Redeye initiates coverage of Beijer Electronics Group, which offers a play on industrial digitalization, and has emerged from a long turnaround and is now better positioned than ever. While current valuation is fair, BELE should be attractive to long-term investors seeking industrial IoT exposure. We argue that increased profitability and an improved digitalisation positioning should justify an increased valuation over time.

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About Us

Beijer Electronics Group AB (publ) is a growing powerhouse of innovators within mission-critical industrial digital technology and IIoT. With a strong focus on the connection between people, technology and data, we share a pride in having some of the world’s leading global companies as our core customers. Since its start-up in 1981, BEIJER GROUP has evolved into a multinational group of complementary business entities with sales over 1.4billion SEK in 2018. The company is listed on the NASDAQ OMX Nordic Exchange Stockholm’s Small Cap list under the ticker BELE.