World News

Industry news and insights from Europe and around the World

UK News

Latest news and developments in the United Kingdom


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


General articles, applications and industry analysis

Beijer Ref sees sales rise 9% in 2014

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

26th February 2024

Modine buys Canadian AHU manufacturer

USA/CANADA: Modine has entered into a definitive agreement to acquire Canadian air handling unit manufacturer Scott Springfield Manufacturing. 
26th February 2024

Stulz partners on immersion cooling

GERMANY/NETHERLANDS: Stulz Modular, the data centre design, build and maintenance services provider, is cooperating with Dutch immersion cooling specialist Asperitas in the field of liquid cooling.
26th February 2024

Brian Streatfield 1936-2024

UK: Brian Streatfield, a man who was instrumental in the formation of Carrier in the UK during the 1970s, died at the weekend. He was 87.
25th February 2024

Safety is vital in global F-gas transition

UK: Institute of Refrigeration president Graeme Fox has warned of the real-world issues that the “rapid transition” to “natural” refrigerants poses for developing countries.
25th February 2024

Terrie Lamb wins lifetime achievement award

UK: Terrie Lamb of Cimetrics was recognised for 25 years of dedication to the RACHP sector in a night of awards at Thursday night’s annual Institute of Refrigeration (IoR) dinner.
25th February 2024

Boosting EV range with microwave energy

UK: Researchers from the University of Birmingham are working on an energy storage system which couples a chemical heat pump with microwave energy to produce heating or cooling on demand.