Beijer Ref crowns STOXX in 'delayed' reaction to strong Q3

Beijer Ref AB (publ)

24/10/2022 12:28

** Shares in Beijer Ref  BEIJb.ST  rise 9%, topping Europe's
Stoxx 600 index  .STOXX , in what a DNB analyst calls a "delayed
reaction" to the Swedish cooling technology group's Q3 results
last Thursday
    ** "The share price hardly reacted (positively) to the
report last week, which we saw as unjust," DNB analyst Douglas
Lindahl says
    ** The company reported 70% growth in Q3 EBITA to SEK 622
mln ($55.2 mln) from a year earlier, calling this its "best ever
third quarter in absolute numbers and terms"
    ** The stock closed 3.3% higher on Thursday, followed by a
0.6% fall on Friday
    ** Beijer Ref is on track for its best day since July 2020
if Monday's gains hold
($1 = 11.2646 Swedish crowns)
 (Reporting by Louise Breusch Rasmussen)
 ((Louisebreusch.rasmussen@thomsonreuters.com))