Brief: Beijer Ref Q1 Oper Profit Rises To SEK 666 Million

Beijer Ref AB (publ)

25/04/2023 11:27

April 25 (Reuters) - Beijer Ref AB (publ)  BEIJb.ST :
    * Q1 OPERATING PROFIT SEK  666  MILLION VERSUS SEK 393
MILLION
YEAR AGO
    * Q1 NET PROFIT SEK  355 MILLION VERSUS SEK 273 MILLION YEAR
AGO
    * DURING THE QUARTER, WE CONTINUED TO HAVE GOOD DEMAND FOR
AIR/
AIR (AC PRODUCTS), PRIMARILY FOR HEATING
    * RISING ELECTRICITY PRICES IN EUROPE HAVE LED TO MORE AND
MORE
PEOPLE STARTING TO SEE THE COST BENEFITS OF USING AIR/AIR AS A
COMPLEMENT TO HEATING
    * UNCERTAIN SUPPLY CHAINS ARE SOMETHING THE INDUSTRY IS
STILL
STRUGGLING WITH, HAVE HAD A NEGATIVE IMPACT ON OUR WAREHOUSE
STOCK
    * EXPECTS NORMALISATION OF WAREHOUSE STOCKS, ADJUSTED FOR
SEASONAL
VARIATIONS, IN H2

Source text for Eikon:  ID:nWkr1b2ZrK 
Further company coverage:  BEIJb.ST 

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