Beijer Ref sales up 25% in Q4
27th January 2022
SWEDEN: Refrigeration wholesaler Beijer Ref achieved sales of SEK4,271m (€409m) in Q4 of 2021, up 25.3% compared to the same period in 2021.
Organic growth was 11.6% with the inclusion of recent acquisitions of Inventor AG, Airstream and Clima Solutions. Operating profit was SEK326m (€31.2m), an increase of 27.4% compared with the previous year.
Beijer Ref CEO Christopher Norbye described 2021 as a successful year “despite major disruptions in the supply chain” and a number of lockdowns in the company’s markets.
“It is particularly gratifying that all product areas show organic growth during the year. Overall, the company had a good end to 2021 and we are entering 2022 with a strong order book,” Norbye added.
Related stories:
Beijer Ref buys majority stake in Greek AC manufacturer – 14 July 2021
SWEDEN: Wholesaler Beijer Ref has entered the Greek market with the acquisition of a majority stake in Athens-based air conditioning manufacturer Inventor AG SA. Read more…
Beijer Ref acquires Australian manufacturer Airstream – 25 October 2021
SWEDEN/AUSTRALIA: Refrigeration wholesaler Beijer Ref has signed an agreement to acquire all the shares in the Australian distribution company Airstream. Read more…
Beijer Ref makes two new acquisitions in Oceania – 1 December 2021
SWEDEN: Wholesaler Beijer Ref has made two further acquisitions in Oceania, acquiring Auckland-based HVAC supplier Clima Solutions and Patton Albury, an HVACR wholesaler based in Albury, Australia. Read more…
