Beijer Electronics is a fast growing technology company with extensive experience of industrial automation and data communication. The company develops and markets competitive products and solutions that focus on the use...
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Building automation is a segment we’re prioritizing, and this order is a strategic milestone. The targeted effort has, in addition to the delivery to the National Library, also resulted in prestigious orders for Sweden's new national stadium Friends Arena, the Vasa Museum and the National Museum.
In our sector, future-focused and customer-oriented product development is an absolute necessity for success on the market. In 2011, we invested more funds than ever before in our development operation, and we got a very good pay-off in the form of world-leading products and solutions.
For the full year, Beijer Electronics was able to post its highest sales to date and record profits. Sales increased by 15% to over SEK 1.4 billion, and operating profit increased by over 20% to 150 MSEK. Our acquisitions, QSI of the US and Korenix of Taiwan, have been successful, exceeding expectations. They both made significant contributions to growth and profits. Simultaneously, we retained good cost control, which has had its effect on profits
The industrial growth and infrastructure expansion in both countries offer interesting business opportunities within industrial automation and industrial data communication. Our establishment in these growing economies is a natural step in our geographical expansion strategy to ensure growth and improve customer support.