Beijer Ref shares fall after in-line report, paring recent gains

Beijer Ref AB (publ)

23/04/2026 10:20

** Shares in Beijer Ref BEIJb.ST fall about 5% after the Swedish refrigeration solutions wholesaler reported a decline in its Q1 net sales and adj. EBITA lines

** Jefferies says that while the results were "solid" and broadly in line with market view, organic trends were mixed across regions

** EMEA fell slightly (-0.5%) due to tough Eastern Europe and Cool4U comps; APAC grew +3.1% on strong commercial, industrial, and OEM; North America declined -1.4% due to weather-related closures, with underlying growth positive when adjusted, the broker notes

** Excluding FX effects, net sales increased by 3%, EBITA was up 4%, the company reported

** Jefferies expects focus now to be shifting to execution into the high season and confirmation of organic re-acceleration through 1H

** If losses hold, the shares will track their worst day since January

** The selloff follows a strong run‑up in the shares, which up to yesterday's close gained nearly 13% in April

 (Reporting by Elviira Luoma)

 ((Elviira.luoma@thomsonreuters.com))