Releases - G & L Beijer

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G & L Beijer Q4 2011

2/9/2012 6:27 AM EST
•    Net sales increased by 16 per cent to SEK 5,846.4M (5,044.3).

•    Operating profit rose by 26 per cent to SEK 432.5M (344.0).

•    Profit for the year increased by 45 per cent to SEK 374.1M (258.7) including a capital gain of SEK 51.7M from the divestment of shares in Beijer Alma.

•    Profit per share amounted to SEK 16.98 (18,85). Excluding the capital gain, profit per share amounted to SEK 15.19...

G & L Beijer makes an acquisition in Norway

1/20/2012 3:39 AM EST
G & L Beijer AB is acquiring the Norwegian company, Ecofrigo AS, a project-oriented distribution company operating mainly within project planning and the distribution of environment friendly chillers and refrigerants. Ecofrigo reports sales of approximately SEK 35M with good profitability. The company has six employees.

The acquisition complements G & L Beijer’s existing operation both geographically and from a...

G & L Beijer divests the manufacturing operation in AIA

12/30/2011 9:44 AM EST
G & L Beijer AB divests its business in the Swedish subsidiary, Asarum Industriaktiebolag (AIA), to the Italian LU-VE Group. At the same time, G & L Beijer enters into a global collaboration agreement with LU-VE to distribute their products.

The divestment of AIA is a step forward in G & L Beijer’s strategy to consolidate its operation into distribution of products within refrigeration and air condition. AIA’s main...

G & L Beijer expands in southern Africa

11/3/2011 4:12 AM EST
G & L Beijer AB has strengthened its position in southern Africa through two acquisitions, one in South Africa and one in Mozambique. The acquisitions will contribute total annual sales of approximately SEK 50M to the Group.

In South Africa, G & L Beijer has acquired Phoenix Racks (Pty) Ltd which designs, develops and builds customer-adapted refrigeration units. The company reports annual sales of approximately SEK...

G & L Beijer AB Nine-Month Report January – September 2011

10/21/2011 4:51 AM EST
- Net sales increased by nine per cent to SEK 4,216.3M (3,866.2).

- Operating profit rose by 18 per cent to SEK 312.3M (263.8).

- Net profit for the period increased to SEK 269.6M (197.6) including the capital gain of SEK 51.7M from the divestment of shares in Beijer Alma.

- Profit per share amounted to SEK 12.40 (15.92). Excluding the capital gain, profit per share amounted to SEK 10.60 (9.32).

- The...

G & L Beijer completes its acquisition of United Refrigeration’s operation in Eu...

10/20/2011 9:18 AM EST
G & L Beijer is a technology-oriented trading Group which, through a combination of added-value agency products and products of the company’s own development, offers competitive solutions for its customers within refrigeration and air conditioning. In the previous year, operations were consolidated into comprising only products within refrigeration and air conditioning.

Election Committee appointed

10/19/2011 9:26 AM EST
G & L Beijer AB (publ) has appointed an Election Committee with instructions to submit proposals for Board Members, Chairman of the Board of Directors, Chairman of the Annual Meeting and for the remuneration of the Board of Directors and the Auditors to the Annual Meeting of shareholders on 26 April 2012. As in previous years, the Members of the Election Committee have been appointed among the company’s largest...

Financial information

10/17/2011 5:38 AM EST
G & L Beijer AB’s quarterly reports will be published on the following dates:

Year-End Report 2011 on 9 February 2012
Three-Month Report for 2012 on 25 April 2012

The Annual Meeting of shareholders will be held in Malmö on Thursday 26 April 2012.
Beijer’s Annual Report for 2011 will be published not later than two weeks before the Annual Meeting of shareholders.

Malmö, 17 October 2011
G & L Beijer AB (publ)

For...

G & L Beijer closes the transaction regarding Toshiba

9/30/2011 9:47 AM EST
G & L Beijer AB closes the transaction with Carrier Corporation regarding the Toshiba distribution operations for residential and light commercial heating and air conditioning products in 11 European countries. The transaction, as previously announced, means that Carrier transfers employees and assets to G & L Beijer for consideration of approximately EUR 86M (SEK 790M) on a debt-free basis.

Sales for Toshiba’s...

IKI Invest A/S restructures its ownership

9/16/2011 5:41 AM EST
IKI Invest A/S, which owns 5.9 per cent of the shares in G & L Beijer AB (publ) and controls 14.7 per cent of the votes in the company, has today carried out a restructuring of its ownership in G & L Beijer AB by transferring 327,626 class A shares and 809,200 class B shares to KLS Jessen AB. KLS Jessen AB is a Swedish company, wholly controlled by IKI Invest A/S together with other companies owned by the Jessen...

G & L Beijer

G & L Beijer is a technology-oriented trading Group which, through a combination of added-value agency products and products of the company´s own development, offers competitive solutions for its customers within refrige...

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