Continued strong sales growth
“We started 2022 well and it is with pleasure that I can confirm that the positive development continued during the second quarter. Most of our key segments have seen continued high market activity, reflecting clear demand for our products. During the quarter, we reported organic sales growth of 13 per cent, which is a good development even compared to the corresponding period last year when we had strong growth of 34 per cent. We work actively to compensate for delivery disruptions and price increases to our customers.” Christopher Norbye, CEO.
Second quarter
- Organic sales rose 13.3 per cent in the quarter compared to the previous year. Acquisition effects were 11.6 per cent and currency effects were 5.3 per cent. Net sales increased by 30.2 per cent to SEK 5 938 million (4 561).
- EBITA amounted to SEK 618 million (431), which is an increase of 43 per cent compared to the same period the previous year. EBITA margin amounted to 10.4 per cent (9.4).
- Operating cash flow has been negative during the quarter and was -358 (-207). Cash flow has been affected by higher business activity during the quarter.
- Profit per share before dilution was SEK 1.07 (0.79), which is an increase of 35 per cent.
Telephone conference Q2 2022
The company invites investors, analysts and the media to attend a telephone conference at which CEO Christopher Norbye and CFO Ulf Berghult will present the interim report for the second quarter of 2022. The presentation is held in English and lasts about 20 minutes. The meeting is on 15 July at 10.00 CET.
Audiocast & teleconference:
Webcast: https://financialhearings.com/event/43426
Teleconference: Dial-in-number:
SE: +46 8 505 163 86
US: +1 412 317 6300
UK: +44 20 319 84 884
Note that you must use the following pin code in order to participate: 8993122#
The presentation will also be available on the company’s website www.beijerref.com from 08.40 on 15 July.
For more information on this report, contact:
Christopher Norbye, CEO
+46 (0) 40-35 89 00
Ulf Berghult, CFO
+46 (0) 40-35 89 00
Niklas Willstrand, Corporate Communications Manager
+46 (0) 40-35 89 00
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.
Malmö, 15 July 2022
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 15-07-2022 08:30 CET.
BEIJER REF AB är en teknikinriktad handelskoncern som genom mervärdesskapande produkter erbjuder sina kunder konkurrenskraftiga lösningar inom kyla och klimatreglering. Beijer Ref är en av världens ledande kylgrossister, och finns representerat i 42 länder i Europa, Afrika, Asien och Oceanien.