Beijer Ref tops STOXX 600 after Q1 profit beat

Beijer Ref AB (publ)

24/04/2025 08:43

** Shares of Beijer Ref BEIJb.ST rise 7% to top of STOXX 600 STOXX index after the Swedish refrigeration wholesaler reported Q1 profit that beats expectations

** It posted Q1 EBITA of SEK 832 million ($86.27 million), up 13% year-on-year, and 5% above Infront consensus

** It said it had good profitability in the quarter, with all operating segments showing sales growth driven by continued demand, high level of activity

** Jefferies says the Q1 was "solid"; notes that trade tariffs have not significantly impacted Beijer Ref's business, thanks to regional supply flows that keep it well-positioned

($1 = 9.6442 Swedish crowns)

 (Reporting by Marta Frackowiak)

 ((marta.frackowiak@thomsonreuters.com))