Interim report Q1 2018

April  23, 2018

January-March 2018

  • Net sales for the first quarter of 2018 increased by 18 per cent compared with the corresponding period in the previous year and amounted to SEK 2,605M (2,218).
  • The operating profit for the first quarter of 2018 amounted to SEK 172M (107), an increase of 61% compared with the same period last year.
  • The profit for the period amounted to SEK 121M (72).
  • Profit per share amounted to SEK 2.77 (1.63).
  • The acquisition of Tecsa (Pty) Ltd in South Africa is included in the company’s accounts as of 1 March 2018.
  • Beijer Ref has been granted exclusive rights to distribute Mitsubishi Heavy Industries’ HVAC products in the UK, as well as the distribution rights in Ireland.
  • During the quarter, Beijer Ref signed an agreement to acquire Heatcraft Australia Pty Ltd. The takeover is expected to take place at the beginning of May 2018.

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