World News

Industry news and insights from Europe and around the World

UK News

Latest news and developments in the United Kingdom

Products

Keep up-to-date with the latest new products and technology

Features

General articles, applications and industry analysis

Beijer Ref reports record first quarter sales

SWEDEN: Wholesaler Beijer Ref has reported a record first quarter with net sales reaching SEK7,378m (€652m), a 50.5% increase on 2022.

Organic sales increased 14.5% in the quarter compared to the previous year. Acquisition effects amounted to 30.2% and currency effects were 5.8%. 

The acquisitions of the US wholesaler Heritage Distribution (North America), as well as Transport Cooling (South Africa) were completed in the first quarter.

EBITA amounted to SEK702m (€62m), an increase of 72.4% compared to the same period last year. 

Supply chain issues continued to impact the business during the quarter, but CEO Christopher Norbye reported that the situation was improving, especially regarding lead times for products and components. “We expect a normalisation of warehouse stocks, adjusted for our seasonal variations, in the second half of 2023,” he predicted.

Latest News

10th February 2025

Carrier expands apprenticeship programme

UK: Carrier is building on the launch of its academy in Bracknell last year, and the appointment of an apprenticeship programme lead, by recruiting at least 17 apprentices this year.
10th February 2025

HPA publishes heat pump service checklist

UK: The Heat Pump Association (HPA) has introduced a guidance list of recommended minimum annual service checks for air-, ground- and water-source heat pumps. 
9th February 2025

Samsung stars at the Junction

UK: Samsung has delivered state of the art heating and cooling to a new bar, restaurant, cafe, and social workspace within Manchester Central, the city’s convention centre. 
9th February 2025

Loop offers heating and cooling retrofit option

UK: Panasonic has introduced its Aquarea Loop, a decentralised water-to-air heat pump designed for optimal energy efficiency that was first revealed at Chillventa last year.
9th February 2025

Scammer turns illegal refrigerant into water

POLAND: A warning issued by the police in Poland has exposed the level of ignorance of refrigerants and the F-gas regulations that exists in some European member states.
9th February 2025

More space available at HRS show

UK: Having previously raised the sold out signs for its forthcoming exhibition, the Hampshire Refrigeration Society (HRS) has now announced the availability of extra space.