Beijer Ref AB (FRA:BRZ0)

Q4 2024 Beijer Ref AB (publ) Earnings Call Transcript

Jan 31, 2025 / 09:00 AM GMT

Release Date Price: €14.14 (-0.25%)

Transcript

Key Points

Positve

Beijer Ref AB (FRA:BRZ0) reported a strong year with an 11% overall growth and 2% organic growth, despite challenging market conditions.
The company achieved a 15% growth in Q4, with a solid mix of organic and acquisition-driven growth.
EBITDA grew by 12% in Q4, with a stable margin of 9.2%, demonstrating strong operational performance.
The company successfully integrated five acquisitions, enhancing its market position and growth potential.
Beijer Ref AB (FRA:BRZ0) increased its dividend by 8%, reflecting confidence in its financial health and future prospects.

Negative

The company faced negative FX impacts due to the rapid appreciation of the US dollar against the EUR, affecting margins.
There was a noted dilution effect from acquisitions, particularly impacting Q4 and Q1 margins.
Southern Europe, particularly France, showed weak market performance, affecting overall regional stability.
Price pressure in Eastern Europe on heat pumps is expected to continue into Q1 2025, impacting margins.
The seasonality of the business, especially in the HVAC segment, leads to lower activity and margins in Q4 and Q1.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

BEIJb.ST - Beijer Ref AB (publ)
Q4 2024 Beijer Ref AB (publ) Earnings Call
Jan 31, 2025 / 09:00AM GMT

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Presentation
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Unidentified_1 [1]
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Hi, everyone. Welcome Chris over here together with you. So we'll do the normal presentation. And then after open up for questions, I think with that, we'll, we'll get straight into the presentation for, for the year and Q4. So maybe just highlighting some highlights from the full year.

I think it was a good year. Probably not all the tailwinds in the market for 2024 but despite that, we grew 11% with 2% organic growth. So pretty stable year in most of our markets and a and a positive development together with our acquisitions. Also, of course, as you follow Bayer on a on a quarterly basis, it's been a good trend on the organic side. Of course, with a very good finish. 6% organic growth here in Q4 margins, stable, 11% growth

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