Bildkälla: Stockfoto

Beijer Group Q1’23: Good sales conversion and excellent margin improvement - Redeye

Beijer Group reported a strong Q1 2023, which saw sales jump above the SEK600m mark. Moreover, the EBIT margin more than doubled in the quarter and reached 13.7%, exceeding our 11.2% estimate. The order intake was also stable, and even though some customers are starting to normalise their order horizons, Beijer Group's total order intake surpassed SEK600m for the fifth quarter in a row, which we find impressive.

Beijer Group reported a strong Q1 2023, which saw sales jump above the SEK600m mark. Moreover, the EBIT margin more than doubled in the quarter and reached 13.7%, exceeding our 11.2% estimate. The order intake was also stable, and even though some customers are starting to normalise their order horizons, Beijer Group's total order intake surpassed SEK600m for the fifth quarter in a row, which we find impressive.
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