Beijer Electronics G
Beijer Electronics Group Q1’19: Continued profitability improvements (Redeye)
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.
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