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

UK praised as Beijer Ref sales climb

SWEDEN: Latest financial figures from Beijer Ref indicate that it is strengthening its position as the largest refrigeration wholesaler in Europe.

RW_AdvertResults for the second quarter of 2014, just released, shows that the group consolidated the positive trend from the first quarter with a sales increase of 9.3% to SEK1,870.8m and an operating profit of SEK136.9m.

Per-Bertland 2
Beijer Ref managing director and CEO Per Bertland seeing increased sales

Central Europe is said to have shown good development during the second quarter and the UK again saw increased sales and increased market share. The report notes that “In the UK, Beijer Ref’s competitive distribution and service concept to nationally operating customers is achieving increased penetration in the market.”

Holland and Germany were also singled out for praise.

Southern Europe is also seeing increased sales and accounts for around 40% of Beijer Ref’s business. Spain is the fastest expanding market in southern Europe, with increased demand for comfort cooling.

In the Eastern European market, Poland is leading the development with a significant increase in sales within both commercial and industrial refrigeration and hvac.

In the Nordic market, the trend in the Sweden has been ‘wait-and-see’, but a strong end to the quarter was seen as a positive sign.

Denmark and Finland developed well. Sweden and Norway started the quarter slightly weaker but turned the trend during June with Beijer Ref reporting “cautious optimism” for both countries.

In the rest of the world, Thailand’s development is said to have stabilised after the recent disturbances and South Africa is developing according to plan.

The report recognises that a contributing factor in the quarter’s results, albeit a minor influence, is the positive currency effects of the stronger Euro, “something that must be seen as welcome after a long period with the opposite situation”, says the report.

The manufacture of refrigeration units produced by the company itself is said to be a growing and increasingly prioritised segment within Beijer Ref.

“As one of the largest and most modern refrigeration wholesalers in the world, an understanding of our customers’ refrigeration requirements has been built up within the Group. We are transferring this refrigeration competence to a growing portfolio with refrigeration units produced by the company,” says the report.

“Our ambition is that Beijer Ref will increasingly be able to offer even more competitive energy-efficient solutions, both with regard to individual standard units and customer-adapted overall concepts with the most modern environment technology.”

Comfort cooling

Increased sales of comfort cooling during the second quarter was seen as reflecting the continued economic upturn in Europe.

Beijer Ref group companies around the world offer a diverse range of brands but Toshiba, Samsung and Mitsubishi are singled out as having shown strong sales.

Per-Bertland smallBeijer seeks further acquisitions –  May 23, 2014
SWEDEN: Beijer Ref, Europe’s largest refrigeration and air conditioning wholesaling operation, is looking for further acquisitions this year after a comparatively quiet 2013. Read more…

 

Beijerska_huset_Malmö smallIncreased sales, changing name – April 23, 2014
SWEDEN: Buoyed by increasing first quarter sales, Europe’s largest refrigeration wholesaler G&L Beijer is to propose a change of name at tomorrow’s shareholders’ agm in Malmo. Read more…

Latest News

3rd March 2024

Green Skills Hub opens in Stockport

UK: A new Green Skills Hub has opened its doors at Stockport College in a bid to tackle the UK’s green skills gap.
2nd March 2024

Creating an alternative showcase

UK: A relocation to new premises by UK Alternative Energy Ltd has enabled the Lincoln-based renewable energy specialist to incorporate heat pumps, solar PV and battery storage solutions.
1st March 2024

Heat pump grant requests up 39%

UK: Applications for the UK’s boiler upgrade scheme in January were up 39% on January 2023, according to figures from the Department for Energy Security and Net Zero.
1st March 2024

Bitzer to launch new hydrocarbon compressors

GERMANY: Bitzer is to expand its range of compressors with new models for use with hydrocarbon refrigerants.
29th February 2024

BESA backing for WorldSkills UK

UK:The Building Engineering Services Association (BESA) is organising the refrigeration and air conditioning (RAC) category of the WorldSkills UK competition.
29th February 2024

Beijer Ref to acquire Australian firm QAE

SWEDEN/AUSTRALIA: Beijer Ref will expand its position in the Australian market with the agreement to acquire 60% of the shares in Sydney-based Quality Air Equipment (QAE).