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Beijer Ref AB (publ) (BEIJb.ST)

BEIJb.ST on Stockholm Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Beijer Ref buys Australia's Heatcraft in 450 mln SEK deal
Wednesday, 14 Mar 2018 02:30am EDT 

March 14 (Reuters) - Beijer Ref AB (Publ) ::BEIJER REF MAKES MAJOR ACQUISITION IN AUSTRALIA.BEIJER REF SAYS ‍HAS ENTERED INTO AN AGREEMENT TO ACQUIRE BUSINESS OF HEATCRAFT AUSTRALIA PTY LTD.BEIJER REF SAYS ‍DEAL MEANS THAT BEIJER REF DOUBLES ITS SALES IN ASIA PACIFIC REGION.SAYS ‍COMPANY EMPLOYS MORE THAN 300 EMPLOYEES AND SALES IN 2017 AMOUNTED TO APPROXIMATELY SEK 1.1 BLN​.SAYS ‍ACQUIRES HEATCRAFT FROM LENNOX INTERNATIONAL FOR A PURCHASE CONSIDERATION OF SEK 450 MLN EXCLUDING OPERATIONS IN NEW ZEALAND​.SAYS ‍FOR COMPETITION LAW REASONS, BEIJER REF HAS CHOSEN TO DIVEST NEW ZEALAND OPERATIONS OF HEATCRAFT SIMULTANEOUSLY WITH COMPLETION OF TRANSACTION​.SAYS ‍PARTIES HAVE REACHED A BINDING AGREEMENT AS OF TODAY AND COMPLETION IS SCHEDULED FOR APRIL 2018​.SAYS ‍TRANSACTION IS CONDITIONAL ON A PRE-COMPLETION RESTRUCTURE OF HEATCRAFT.SAYS ‍ACQUISITION IS EXPECTED TO HAVE POSITIVE EFFECTS ON BOTH SALES AND EARNINGS IN LONG TERM​.SAYS WAS ADVISED BY OAKTOWER PARTNERSHIP, ASHURST AND DELOITTE.FOR BEIJER REFS REGION ASIA PACIFIC, TOTAL ANNUAL SALES WILL AMOUNT TO OVER SEK 2.2 BILLION YEARLY AFTER COMPLETION, WHICH REPRESENTS 19 PERCENT OF BEIJER REF'S GLOBAL SALES, COMPARED WITH 10 PERCENT TODAY​​​.  Full Article

Beijer Ref forms a joint venture with Mitsubishi Heavy Industries Air-Conditioning Europe​
Monday, 12 Mar 2018 10:32am EDT 

March 12 (Reuters) - Beijer Ref Ab (Publ) says::Says a joint venture has been formed between Beijer Ref AB and Mitsubishi Heavy Industries Air-Conditioning Europe, Ltd..The new company is the result of Beijer Ref getting the rights to distribute Mitsubishi Heavy Industries’ air conditioning and heat pump assortment in UK and Ireland..Beijer Ref is the majority owner of the joint venture, which will be named 3D Plus Limited (3D Plus)..  Full Article

Beijer Ref buys refrigeration wholesaler in South Africa
Monday, 16 Oct 2017 04:01am EDT 

Oct 16 (Reuters) - Beijer Ref :Beijer Ref acquires refrigeration wholesaler in South Africa.Says ‍purchase price amounting to between SEK 255 and 300 million.In total, TecsaReco has more than 300 employees and gross sales in 2016 amounted to approximately SEK 435 million​.  Full Article

Beijer Ref buys DX Por in Portugal
Monday, 4 Sep 2017 03:23am EDT 

Sept 4 (Reuters) - Beijer Ref Ab :Beijer Ref acquires DX Por in Portugal the acquisition strengthens Beijer Ref's presence in Southern Europe.The company reports sales of approximately SEK 40 million.The acquisition is not expected to affect the Group’s earnings or financial position significantly.  Full Article

Beijer Ref Q2 operating profit rises to SEK 223 million
Friday, 14 Jul 2017 02:30am EDT 

July 14 (Reuters) - Beijer Ref :Q2 net sales SEK 2,657 million (2,417).Q2 operating profit for Q2 of 2017 was SEK 223 million (186).  Full Article

Beijer Ref Q1 profit, sales rises
Monday, 24 Apr 2017 02:30am EDT 

April 24 (Reuters) - Beijer Ref :Q1 net sales increased by 13 percent compared with same period last year, amounting to SEK 2,218 million (1,967).Q1 operating profit was sek 107 million (89). This is an increase of 20 percent compared to the same period last year..Says "we are accelerating our work on acquisitions and hope to be able to present new ones during year. Above factors, combined with favourable macroeconomic conditions, mean that we are optimistic about 2017..  Full Article

Beijer Ref Q4 operating profit rises
Thursday, 16 Feb 2017 02:36am EST 

Beijer Ref Ab (Publ) : Says operating profit for Q4 of 2016 amounted to SEK 145 million ($16.26 million) (134) . Says net sales for Q4 of 2016 increased by 8.5 per cent compared with corresponding period in previous year and amounted to SEK 2,199 million (2,027) .Beijer ref says directors proposes that annual meeting of shareholders resolves that a dividend of SEK 5.50 (5.25) per share.  Full Article

Beijer Ref operating profit, sales rise in Q2
Friday, 15 Jul 2016 02:31am EDT 

Beijer Ref : Q2 operating profit amounted to SEK 186 mln vs year-ago 158 mln . Q2 net sales increased by 12.3 percent compared with corresponding quarter last year and amounted to SEK 2,417 mln . Says our operation in the United Kingdom mainly consists of commercial refrigeration, with an emphasis on the food sector - it is a long-term stable market .Says our current evaluation is that brexit will have a limited influence on our operation.  Full Article

Beijer Ref says HRP acquisition approved in UK
Wednesday, 8 Jun 2016 02:50am EDT 

Beijer Ref Publ AB :Beijer Ref's acquisition of HRP approved by CMA (the UK Competition and Markets Authority).  Full Article

BRIEF-Beijer Ref's Tecsa buy approved by South Africa

* BEIJER REF'S ACQUISITION OF TECSA IS APPROVED BY THE COMPETITION AUTHORITY IN SOUTH AFRICA Source text for Eikon: Further company coverage: (Reporting by Stockholm Newsroom)