Beijer Ref sales up 16% in Q1
24th April 2025
SWEDEN: Wholesaler Beijer Ref has reported a net sales increase of SEK8,898m (€813m) in Q1, a 16% increase on the same period last year.
Organic sales increased by 4% and EBITA was up 13% at SEK832m (€76m).
According to CEO Christopher Norbye, all operating segments showed good sales growth, mainly driven by continued demand in several markets, but he mentioned challenges to the business in Australia related to Cyclone Alfred.
“The EBITA margin was negatively impacted by the dilutive effect of recently acquired companies in North America,” Norbye revealed.
“As our exposure to the North American market increases, so do issues related to global trade. However, our business model, which is largely based on regional supply flows, makes us well positioned. The trade policy measures introduced between certain continents have therefore not had a material impact on our business,” he said.
During the quarter, Beijer Ref completed the acquisition of Hungarian AC distributor Cool4U and Atomic Refrigerants, an Australian company with import licenses and quotas for HFC refrigerants.
