Soleno Therapeutics tumbles despite Q3 earnings, revenue beat
Investing.com -- Beijer Ref AB (ST:BEIJB) on Friday reported third-quarter results in line with expectations, with net sales of SEK 9,726 million, up 2.4% year-over-year and 5.0% organically.
The company achieved a record-high Q3 EBITA margin of 11.7%, compared to 11.4% in the same period last year. EBITA reached SEK 1,133 million, increasing 4.5% from the previous year and coming in 1% above consensus estimates.
All business segments posted organic growth, with HVAC up 6%, OEM up 4%, and Commercial & Industrial Refrigeration up 4%. Geographically, EMEA grew 5.2% organically to SEK 5,922 million, North America increased 6.3% organically to SEK 2,362 million, and APAC rose 3.2% organically to SEK 1,460 million.
EBITA margins remained stable in EMEA at 12.0%, while improving in APAC to 9.4% (up 1.1 percentage points) and in North America to 14.1% (up 0.4 percentage points). These improvements reflect favorable product mix and ongoing efficiency measures.
The company announced plans to launch a strategic consolidation program in Q4 to accelerate efficiency and improve customer service in selected markets. The program will consolidate warehousing and back-office structures built through years of acquisitions.
Beijer Ref expects the consolidation program to generate annual cost savings of approximately SEK 100 million, with full effect by the end of the first half of 2026. One-off costs related to the program, totaling SEK 150 million, will be recognized in the fourth quarter of 2025.
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