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Investing.com -- Beijer Ref AB (ST:BEIJB) on Friday reported a solid second quarter with net sales of SEK 10,181 million, representing a 5.2% year-over-year increase and 2.0% organic growth.
This figure exceeded Infront consensus by 1%.
The company achieved an EBITA of SEK 1,238 million, up 7.9% compared to the same period last year and 4% above consensus estimates.
This resulted in a record-high margin of 12.2%, an improvement from 11.9% in the second quarter of 2024.
Shares of Beijer Ref rose over 3% after reporting results.
By segment, HVAC grew 3% organically while Commercial and Industrial Refrigeration increased by 1%.
The OEM segment reported sales in line with the previous year.
Regional performance showed EMEA sales at SEK 6,457 million, up 12.6% year-over-year with 2.2% organic growth.
The EMEA EBITA margin improved to 13.0% from 12.5% last year, driven by positive foreign exchange effects and strategic initiatives.
North America generated SEK 2,383 million in sales, representing a 2.4% organic growth despite a 2.6% year-over-year decline. The region’s EBITA margin decreased to 13.8% from 14.5%, primarily due to dilution from recent acquisitions.
APAC sales reached SEK 1,366 million, showing 0.7% organic growth despite a 10.1% year-over-year decline. The region’s EBITA margin improved to 9.7% from 8.9%, supported by favorable segment mix and focus on complete HVAC solutions.
The company also reported a double-digit increase in digital sales during the quarter while expanding its e-commerce platform in the US.
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