Q3 2024 Beijer Ref AB (publ) Earnings Call Transcript
Key Points
- Beijer Ref AB (FRA:BRZ0) reported a total growth of 12% for the quarter, with organic sales increasing by 3%, despite a negative currency impact of 3%.
- The company achieved a solid margin performance with an 11.4% margin, slightly up from 11.3% last year.
- EPS growth was strong at 17%, indicating robust profitability improvements.
- The acquisition of the J A Group, a market leader in Spain, is expected to bolster the company's market position.
- The company is experiencing double-digit growth in the OEM segment, particularly with natural refrigerants and CO2-based pumps, which are environmentally friendly solutions.
- The company faced a negative currency impact of 3%, which affected overall growth figures.
- Southern Europe, a significant market for Beijer Ref AB (FRA:BRZ0), has been weak this year, impacting regional performance.
- The company had to close several branches in the US due to hurricanes, which negatively affected sales in that region.
- There is continued weakness in larger projects in Asia, particularly driven by a sluggish market in China.
- The company is facing headwinds from currency effects, with a negative impact of 26 million on EBIT compared to last year.
Go ahead.
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Hi, everyone. Thanks for dialing in Christer. And you're all here. So we'll start the presentation and then we'll, we'll finish up with some Q&A in the end as always.
So, going straight into it a good quarter, I would say in almost all territories, all segments of the business total growth of 12%. Even including a negative currency of 3% organic sales increasing by 3% pretty stable across the board. And also acquisition continued to be a nice tailwind which of course, a strong part of the, the business model that we expect to continue going forward. So in all, we'll come back a little bit to the segments and the regions later on in this, this presentation. But a good development here in, in Q3 on the margin side, very solid. I would say good margins also across the board in all our regions and also segments 11.4% versus last year, 11.3. So we continue to do very good on the margins. And then, and I CD day growth of 13%
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