Q3 2024 Beijer Alma AB Earnings Call Transcript
Key Points
- Beijer Alma AB (LTS:0YG7) reported organic growth in the third quarter, indicating some stability in a weakened economy.
- The Nordics, Asia, and UK regions showed strong performance, contributing positively to the company's growth.
- Beijer Tech's Fluid Technology segment experienced significant growth, both organically and through acquisitions.
- The company successfully completed acquisitions of Clifford Springs and Clemco, supporting its growth strategy.
- Lesjofors launched door springs in the US, which positively impacted growth despite some initial one-off costs.
- Order bookings declined by 1%, and net revenues grew only slightly, reflecting modest growth numbers.
- The Chassis Springs business area experienced a slowdown, with net revenues decreasing by 8% due to tough comparables and reduced stock levels.
- Germany and Central Europe were identified as weaker markets, impacting overall performance.
- Adjusted operating profit margin decreased by 0.8 percentage points compared to the previous year.
- The company faces economic uncertainty, including high interest rates, which poses challenges for balancing growth investments and savings.
Good morning, everybody, and welcome to our webcast where we today present third quarter 2024. I am Henrik Perbeck. And with me, I have our CFO, Johan Dufvenmark.
Good morning, everybody.
So today, we'll present the overall performance and the recent developments of our group, Beijer Alma Group. In addition, we will also discuss our reporting segments, our two main subsidiaries. These are Lesjofors, which is a full-range supplier of standard and customized industrial springs and other wire and flat strip components. Lesjofors is acting globally with majority of sales in Europe and the USA. And it is Beijer Tech, which acts mainly in the Nordics within specialized manufacturing, value-adding industrial trading and automation in profitable niches.
And Beijer Tech is also a platform for acquisitions into new
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