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Beijer Electronics AB (BELE.ST)

BELE.ST on Stockholm Stock Exchange

38.90SEK
29 Mar 2017
Change (% chg)

0.70kr (+1.83%)
Prev Close
38.20kr
Open
38.20kr
Day's High
39.00kr
Day's Low
37.80kr
Volume
9,866
Avg. Vol
24,669
52-wk High
55.00kr
52-wk Low
34.00kr

Latest Key Developments (Source: Significant Developments)

Beijer Electronics Q4 net still in red, slashes dividend
Friday, 27 Jan 2017 07:00am EST 

Beijer Electronics AB : Q4 order intake amounted to 331.1 Msek (343.1) . Q4 operating profit increased to 7.3 Msek (-10.7) . Q4 loss after tax was -8.7 Msek (-12.5) . Says board of directors is proposing a dividend of 0 sek per share (1.25) . Says have good potential of achieving our targets of growth of 7 pct and an operating margin of 10 pct during 2018 . Says board of directors has decided not to pay a dividend for financial year 2016, reason being need to strengthen our balance sheet .Says expects to be able to achieve higher sales and better underlying operating profit in 2017 than achieved in 2016.  Full Article

Beijer Electronics Q2 order intake falls to SEK 280 mln
Thursday, 14 Jul 2016 07:00am EDT 

Beijer Electronics AB : Q2 order intake of 280.2 MSEK (337.0) . Q2 operating profit 4.2 MSEK (24.2) . Says expects group's operating profit to be somewhat better in second half-year 2016 than corresponding period of 2015 . Says this will not fully offset poor number in first half-year . Says anticipates group's operating profit for full year 2016 being below our previous estimate of somewhat better operating profit excluding non-recurring expenses . Says has set new financial targets .Says within a 2-3 year timeframe, target to achieve minimum organic growth of 7 pct per year, and achieve a minimum EBIT margin of 10 pct, measured as an average over a business cycle.  Full Article

Beijer Electronics proposes dividend of SEK 1.25
Thursday, 28 Jan 2016 07:00am EST 

Beijer Electronics AB:Says ‍board of directors proposes a dividend of 1.25 SEK per share (1.25).  Full Article

Beijer Electronics AB to sell its Finnish Business to UTU
Tuesday, 24 Nov 2015 05:00am EST 

Beijer Electronics AB:Says signs agreement with UTU for sale of the Finnish business.Says divestment will have no or limited impact on Beijer Electronics' financial result in FY 2015 and FY 2016.Says the deal will be closed at year-end.  Full Article

Beijer Electronics AB appoints new CFO
Wednesday, 4 Nov 2015 02:00am EST 

Beijer Electronics AB:Says Joakim Laurén has been appointed the new CFO.Says Joakim Nideborn, acting CFO of Beijer Electronics, has decided to leave in order to take up new opportunities but will remain with the group until end of Feb. 2016.  Full Article

Beijer Electronics wins 4.2 MUSD order from Toshiba
Tuesday, 3 Nov 2015 10:08am EST 

Beijer Electronics AB:Says has through its subsidiary Westermo within business area IDC won a new large order from Toshiba International Corporation.Order is worth some 37 million Swedish crowns ($4.2 million) for the supply of communication network.  Full Article

Beijer Electronics signs Letter of Intent with Finnish UTU
Wednesday, 9 Sep 2015 02:03am EDT 

Beijer Electronics AB:Signs a Letter of Intent regarding UTU acquiring Beijer Electronics' Finnish business.Says the divestment of the Finnish business is a result of the strategy to focus on the IAS business area as a state of the art HMI company.Going forward, UTU will be a supplier of Beijer Electronics' HMI products, as well as a number of other brands, in Finland.Says the divestment will have no or limited impact on Beijer Electronics' financial result in 2015.  Full Article

Beijer Electronics AB and Mitsubishi Electric part ways; Beijer Electronics says to restructure Nordic ops
Friday, 12 Jun 2015 03:00am EDT 

Beijer Electronics AB:Says after more than thirty years of cooperation, Mitsubishi Electric and Beijer Electronics have decided to part ways.Due to marked differences between the companies' respective strategies going forward.Says that the present Distributor Agreement will not be renewed, but will terminate as per contract at year-end 2015.As a consequence of the lost volume, Beijer Electronics has to restructure its Nordic organization, which will affect about 50-60 FTEs, of which 20-30 are in Sweden.  Full Article

Beijer Electronics AB appoints new CEO and President
Tuesday, 12 May 2015 04:00am EDT 

Beijer Electronics AB:Says it has appointed Per Samuelsson as new CEO and President.Per replaces Anna Belfrage, acting President and CEO since Sep. 2014.He will join Beijer Electronics on Aug. 17.  Full Article

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