Interim report | january–june
Net revenues, MSEK
Profit after net financial items, MSEK
Earnings per share, SEK
Downturn – but the Group is standing strong
Beijer Alma has the readiness and the financial strength to manage low demand, but is also well prepared to take advantage of the opportunities that will arise when the economy rebounds.
Read President and CEO Henrik Perbeck’s comments
As expected, the second quarter was affected by COVID-19 in the form of extensive lockdowns across all of society and a historic downturn in the global economy.
Beijer Alma’s subsidiary Beijer Tech entered into an agreement today to acquire 75 percent of the shares in INUinvest AB, consisting of INUstyr together with its sister companies.
Varied demand and acquisition-driven growth, with limited impact from COVID-19.
Extract from President and CEO Henrik Perbeck’s statement at the Annual General Meeting.
Pre-recorded statement (in Swedish) by President and CEO Henrik Perbeck for Beijer Alma’s Annual General Meeting March 25, 2020.
The Anders Wall Foundation scholarships are awarded to committed employees who have contributed to improvements within the Group. This year’s recipients of the scholarships are Radoslaw Lewandowski, Research and Development Manager at Habia Cable, and Marcus Persson, Technical Sales Representative at Beijer Industri.
At the Annual General Meeting, Oskar Hellström was elected as a member of the Group’s Board of Directors, as well as a member of the Audit Committee.
The corona pandemic has not had material negative impact on Beijer Alma’s operations, income and earnings in January and February. Development moving forward, however, is very difficult to predict and there is a risk that there will be a deterioration in market conditions, which is why Beijer Alma is taking measures to strengthen its preparedness and increase its flexibility.
To reduce the risk of spreading the coronavirus, certain temporary changes have been made to Beijer Alma’s Annual General Meeting to be held at 6:00 p.m. on March 25, 2020 in the Main Hall (Stora salen) of the Uppsala Concert and Conference Hall (Uppsala Konsert & Kongress).
Erika Ståhl has been appointed as the new CFO of Beijer Alma. Bringing extensive experience of international industry, she will join the Group from the listed company Dometic Group. Erika Ståhl will succeed Jan Blomén, who plans to retire during the year.
The number of votes in Beijer Alma AB has changed as a result of the conversion of a total of 5,000 Class A shares to 5,000 Class B shares. The conversion was conducted with the support of the option for Class A shareholders to request conversion of Class A shares to Class B shares that was entered into the Articles of Association at the 2015 Annual General Meeting.
Ahead of the Annual General Meeting on March 25, 2020, Beijer Alma’s Nomination Committee proposes the following:
The shareholders of Beijer Alma AB (publ) (556229-7480) are invited to attend the Annual General Meeting on Wednesday, March 25, 2020, at 6:00 p.m. in the Main Hall (Stora Salen) of the Uppsala Concert and Conference Hall (Uppsala Konsert & Kongress), Vaksala torg 1, Uppsala, Sweden.
Slowdown in most customer segments. Continued acquisition activity.
Beijer Alma’s subsidiary Beijer Tech acquired the shares in PA Ventiler AB, based in Lindome outside Gothenburg, via Lundgrens Sverige AB today.
Beijer Alma’s subsidiary Lesjöfors AB is delighted to announce its acquisition of the shares in Metrol Springs Ltd, a leading manufacturer of tooling gas springs, special purpose gas springs and gas struts.
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Beijer Alma’s largest company, which has grown significantly over the years primarily through international acquisitions. Lesjöfors, which manufactures springs, wire and flat strip components, has been a part of the Group since 1992 and is a full-range supplier that offers both standard products and custom-manufactured components. Lesjöfors is the largest spring manufacture in the Nordic region and a leader in Europe. It is also one of few companies consolidating the industrial springs market via acquisitions. Read more about Lesjöfors
Habia Cable is the Group’s oldest company, acquired in the beginning of the 1980s. The company manufactures custom-designed cables and cable harnesses that often have unique properties. Many of its products are used in high-tech applications in harsh environments, for example with high temperatures or radiation, so many of the cables are made from robust, high-performance materials. Habia Cable is currently one of Europe’s largest manufacturers of custom-designed cables. Read more about Habia Cable
Beijer Tech is our industrial trading operation and has been a part of the Group since 2010. The company focuses on value-generating sales – meaning products and services that strengthen customers’ overall finances, for example, by improving the outcome of a process or the quality of a product, enabling cost savings or reducing environmental impact. In recent years, the share of customized and proprietary products has increased, partly through acquisitions. Read more about Beijer Tech