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Beijer Group: Forming a new base - Redeye

Redeye updates its estimates following Beijer Group’s Q4 2022 report. The company’s sales were above our estimate by around 3.5%. At the same time, the EBIT and EBIT margins were weaker than anticipated, mainly because of increased purchases on the spot market to fill orders. Q4 2022 marked the end of a successful year for Beijer Group, which has formed a new base in terms of both order volume and profitability in recent times. Redeye ups its medium-term forecasts to reflect this shift, leading to an increased base case.

Redeye updates its estimates following Beijer Group’s Q4 2022 report. The company’s sales were above our estimate by around 3.5%. At the same time, the EBIT and EBIT margins were weaker than anticipated, mainly because of increased purchases on the spot market to fill orders. Q4 2022 marked the end of a successful year for Beijer Group, which has formed a new base in terms of both order volume and profitability in recent times. Redeye ups its medium-term forecasts to reflect this shift, leading to an increased base case.
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