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 sees sales rise 9% in 2014

Beijer-hq-Malmo
Beijer Ref headquarters in Malmo

SWEDEN: A strong end to the year boosted Beijer Ref turnover to SEK7,189m (€762m) last year – a 9% increase on 2013.

Europe’s largest refrigeration wholesaler achieved sales of SEK1,789.7m (€190m) in the final quarter of 2014 – a 12.6% increase on the same period in 2013. Operating profits rose nearly 17% to SEK115.5m (€12.24m) but net profits were even better, leaping 35% to SEK82.5m (€8.74m). 

The Group’s best quarter in 2014 was boosted by sales increases of 23% in the Nordic countries; Central Europe and Africa and Asia saw sales rise 10%; Thailand achieved 6% and South Africa 18%.

The performance of its UK companies continued to impress but Southern Europe is still struggling to achieve the sales levels that prevailed prior to the conflict between Russia and Ukraine and the European financial crisis. The five countries, South Africa, Namibia, Botswana, Mozambique and Zambia showed that Africa with its considerable requirement for modern refrigeration systems remains a highly interesting market for Beijer Ref with 10% organic growth in the fourth quarter.

 

Latest News

28th March 2024

Hudson warns of unsafe US recovery cylinders

USA: The US refrigerant supplier and reclaimer Hudson Technologies has warned of illegal and unsafe recovery cylinders entering the US market.
28th March 2024

Topical talks at Bath breakfast meeting

UK: The next South West South Wales Refrigeration Society breakfast briefing will feature talks from three experienced and knowledgable speakers on varied refrigeration and air conditioning topics.
28th March 2024

CO2 compressor for multiple applications

ITALY: Frascold’s new TK HD series transcritical CO2 compressors are designed for a wide range of refrigeration and air conditioning applications, as well as high-temperature heat pumps up to 100°C.
28th March 2024

Copeland releases 50hp scroll in Asia

CHINA: US compressor manufacturer Copeland is to launch a 50hp scroll for heat pump OEMs in Asia.
27th March 2024

Daikin redesigns Perfera R32 air conditioner

BELGIUM: Daikin Europe has announced a next generation All Seasons Perfera R32 air conditioner with redesigned indoor and outdoor units, making them easy to install and use.
27th March 2024

Press fittings go large

UK: Conex Bänninger has expanded its >B< MaxiPro range of press fittings with the addition of a 1⅝in fitting.