In This Article:
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Order Bookings: Increased by 9%.
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Organic Growth: 4% increase.
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Net Revenue: Increased by 8% to almost SEK2 billion.
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Adjusted Operating Profit: SEK282 million.
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Operating Margin: Same level as last year.
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Lesjofors Revenue Contribution: 68% of Beijer Alma.
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Industry Segment Growth: Increased by 7%.
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Chassis Springs Revenue: Decreased by 5%, with a slightly higher margin.
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Beijer Tech Order Bookings: Increased by 15%.
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Beijer Tech Net Revenue: Increased by 17%.
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EBITA Margin: 14.4%, same as last year.
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Adjusted EBIT Margin: Slightly higher than last year.
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Cash Flow: More positive than last year.
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Earnings Per Share: Increased by 6%.
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Net Debt to Adjusted EBITDA: 2 times.
Release Date: April 25, 2025
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Positive Points
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Beijer Alma AB (FRA:6O4) reported a strong first quarter with a 9% increase in order bookings and an 8% rise in net revenue, reaching almost SEK2 billion.
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The company experienced good growth in the Nordic region, driven by both organic and acquired growth.
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Lesjofors, a major part of Beijer Alma, saw organic growth in sales and order bookings, contributing positively to the company's performance.
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Beijer Tech reported a 15% increase in order bookings and a 17% rise in net revenue, showcasing strong growth across its business units.
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The company maintains a stable operating margin and has room for future acquisitions, with a net debt to adjusted EBITDA ratio of 2 times.
Negative Points
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The Chassis Springs business within Lesjofors experienced a slight decrease in sales compared to the previous year, although margins improved slightly.
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Alcomex, an acquisition in Holland, faced challenges due to its connection to the struggling construction market in Europe, negatively impacting the company's performance.
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The company reported an increase in net debt, attributed to recent acquisitions, which could pose a risk if not managed carefully.
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The fire incident in Amminnefors, Finland, although covered by insurance, may have marginal negative effects in the coming quarters.
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The market situation remains unstable, with potential impacts from external factors such as the timing of Easter and general economic conditions in Europe and the US.
Q & A Highlights
Q: Should we expect more focus on organic growth and margin improvements in Lesjofors, while Beijer Tech focuses on both organic growth and acquisitions? A: Yes, that's a good conclusion. However, if opportunities arise in Lesjofors, acquisitions will be considered there as well. But the current trend is as you described. - Johnny Alvarsson, President and CEO