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    BEIJ B   SE0015949748

BEIJER REF AB (PUBL)

(BEIJ B)
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Delayed Quote. Delayed Nasdaq Stockholm - 07/26 11:29:58 am
178 SEK   -0.11%
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Beijer Ref : and Emerson sign European partnership agreement

06/16/2021 | 03:36am EDT

Beijer Ref and Emerson, a global software, technology and engineering company headquartered in St. Louis, Missouri (USA) are entering into a three-years partnership for the European market. Both companies are leaders in the commercial refrigeration segment.

The partnership agreement covers the European wholesale business with 25 Beijer Ref markets and more than 260 branches.

Per Bertland, CEO Beijer Ref, comments,

'Distribution agreements with key suppliers are very important to Beijer Ref. To give customers a competitive offer, the mix of brands is carefully composed and provides Beijer Ref with unique breadth in its product range on the market. Emerson has been one of our key suppliers for many years, and I am really pleased that we have signed this agreement.'

Rainer Dietrich, Vice President Sales, Europe, for Emerson, explains the benefits of the partnership with Beijer Ref, 'Emerson distributes its products in Europe through a selective network of authorized wholesalers. Beijer Ref has been a key wholesale partner for many years. With this partnership we can provide top class service to our contractors, installers and end users.'

Malmö, 16 June 2021
Beijer Ref AB (publ)

For more information, please contact:
Per Bertland, CEO
Telephone +46 40-35 89 00
Email pbd@beijerref.com

Maria Rydén, CFO
Telephone +46 40-35 89 00
Email mrn@beijerref.com

BEIJER REF AB is a technology-oriented trading Group which, through added-value products, offers its customers competitive solutions within refrigeration and climate control. Beijer Ref is one of the largest refrigeration wholesalers in the world, and is represented in 37 countries in Europe, Africa, Asia and Oceania.

Disclaimer

Beijer Ref AB published this content on 16 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 June 2021 07:35:01 UTC.


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Financials
Sales 2021 17 042 M 1 975 M 1 975 M
Net income 2021 1 063 M 123 M 123 M
Net Debt 2021 3 495 M 405 M 405 M
P/E ratio 2021 64,4x
Yield 2021 0,63%
Capitalization 67 800 M 7 858 M 7 858 M
EV / Sales 2021 4,18x
EV / Sales 2022 3,78x
Nbr of Employees 4 068
Free-Float 91,4%
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Mean consensus BUY
Number of Analysts 3
Last Close Price 178,20 SEK
Average target price 185,00 SEK
Spread / Average Target 3,82%
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Managers and Directors
Christopher Norbye President & Chief Executive Officer
Maria RydÚn Chief Financial Officer & Executive Vice President
Kathryn Elizabeth Swann Non-Executive Chairman
Johan Bern Chief Information Officer & Vice President
Simon Andrej Karlin Co-Chief Operating Officer & EVP-ARW Division
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