Beijer Electronics Group Q1’19: Continued profitability improvements

Research Note

2019-04-17

15:34

Beijer Electronics Group delivered a solid Q1’19 report. While sales came in below our forecast, the group continues to show strong profitability improvements. EBIT (excluding IFRS 16 effects) amounted to SEK 29.6m (8% EBIT-margin), which thereby exceeded our estimate SEK 26m. We have a positive view of its profitability where the EBIT-margin is approaching its financial target.

DB

Dennis Berggren

Disclosures and disclaimers

Premium Plan required to unlock

Unlock companies to access

more high quality research.