Beijer Electronics' Annual Report 2015
Continued growth in business area IDC and investments in proprietary products in the IAS business area embossed business during the past year. More information about this is available in Beijer Electronics' 2015 Annual Report, published today in English on the company’s website, www.beijerelectronics.com.
The business area’s extensive investment and expansion program in IDC (Industrial Data Communication) business area proceeded as expected in 2015. Successin terms ofproduct launches anda large repeat order fornetworking equipment fromToshibatestifiedthe business areainternatinonellacompetitiveness.
At year-end the partnership between Mitsubishi Electric and Beijer Electronics in the Nordics that spanned 33 years terminated, which created significant challenges for the IAS (Industrial Automation Solutions) business area. Focuswas on creatinga sustainableplatform for future products,which will strengthenthe Group's offeringin 2016.
For the Groupoverall, theoutcome for2015 was lower salesthan expectedandinsufficientprofitability.However, we also had significant success in the year. With a sales increase of close to 20% IDC reached a new milestone at over half a billion SEK in sales.
In his comments on the year,newly appointedPresident andCEO PerSamuelsson emphasize the importance of focusingand investing inexisting competence within the Group tomake aturnaroundin the coming years:
"My first six months as CEO of Beijer Electronics have clearly shown the competencies and professionalism of our people in the IAS and IDC business areas. Capitalizing on our employees’ expertise and potential will be a critical factor in the forthcoming change process and is the key to our success."
The Annual Report is available on the company’s website in English and Swedish. A printed version of the Report can also be ordered from the company by phone on +46 (0)40 35 86 00 or by sending an e-mail to firstname.lastname@example.org.
For more information please contact:
President and CEO, Per Samuelsson, tel +46 (0)40 35 86 10, mobile +46 (0)708 58 54 40
CFO Joakim Laurén, tel +46 (0)40 35 84 96, mobile +46 (0)703 35 84 96.
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 user. Since its start-up in 1981, Beijer Electronics has evolved into a multinational group with sales of 1,375 MSEK 2015. The company is listed on NASDAQ OMX Nordic Stockholm Small Cap list under the ticker BELE. www.beijerelectronics.com