Continued positive growth trend and highest operating margin ever

"Total sales increased by 46 per cent compared with the same period last year, of which 2 per cent was organic. Commercial and industrial cooling/heating and HVAC reported stable development, while OEM continued its strong trend from the first quarter and reported organic growth of 19 per cent. Operating profit (EBITA) amounted to SEK 1 016 million, which is an increase of 64 per cent over the same period last year. Operating margin (EBITA margin) amounted to 11.7 per cent. Overall, sales, profit and operating margin are Beijer Ref’s highest ever in one quarter", says Christopher Norbye, CEO.

Teleconference Q2 2023

The company invites investors, analysts and the media to attend a web meeting at which CEO Christopher Norbye and CFO Ulf Berghult will present the interim report for the second quarter of 2023. The presentation will be held in English and lasts for about 20 minutes. The meeting is on July, 20, at 10.00 CET.

The presentation can be followed live on this link: Beijer Ref Q2 Report 2023 (financialhearings.com)

If you wish to participate via teleconference please register on the following link: Call Access (financialhearings.com). After registration, you will be provided with a phone number, a conference ID and a user ID to access the conference. You will be able to ask questions via the teleconference.

A presentation will be available on the company’s website www.beijerref.com from 08:30 on 20 July.

This interim report has not been the subject of examination by the Company’s Auditors.

The Board of Directors and the President assure that the six-month report provides a fair overview of the operations, position and results of the Group and Parent Company, and describes material risks and uncertainties faced by the Parent Company and the companies that are included in the Group.

For further information, please contact:

Ulf Berghult
CFO
Telephone 040-35 89 00
Email ubt@beijerref.com

Niklas Willstrand
Global Corporate Communications Manager
Telephone 040-35 89 00
Email nwd@beijerref.com

This disclosure contains information that Beijer Ref AB is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014) and the Swedish Securities Markets Act (2007:528). The information was submitted for publication, through the agency of the contact person, on 20-07-2023 08:30 CET.