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Beijer Ref sales up 25% in Q4

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 manufacturer14 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 Airstream25 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 Oceania1 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…

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