Beijer Electronics in brief
Beijer Electronics offers
its customers proprietary and agency products from world-leading suppliers. Through its acquisition of
Westermo Teleindustri AB, consolidated from January 1, 2008, the company
has three business areas—Automation, HMI Products and Industrial Data Communications.
Beijer Electronics’ three business areas are all active in automation.HMI
Products develops and sells operator panels, Industrial Data Communications
develops and sells robust data communications solutions and Automation sells
products from world-leading producers, including Mitsubishi Electric.
The business models of these business areas are tailored for the special
conditions applying on each segment’s markets. Goals and strategies are
formulated within the framework of the group’s business concept, goals and
strategies.
Group Business Concept
Beijer Electronics will apply high
skills levels and innovation to develop and commercialize proprietary and agency
products, and to offer automation systems and services. All products, services
and systems should include a high technology content and feature
user-friendliness and high quality, in order to provide our customer groups with
efficient automation solutions, contributing to enhanced customer benefit.
Long-term Goals
- The group will achieve minimum average yearly growth
including acquisitions of 15 per cent;
- The group will achieve an average operating margin of
10 per cent;
- The group will have a low level of capital tied up in
fixed assets, limiting its need for high shareholders’ equity. However, it
will maintain a minimum equity ratio of 30 per cent;
- The group will maintain good cash flows, and thereby, high dividend
pay-out capacity. Dividends will be considered each year in the context of the
group’s capital requirements for future expansion.
Economic Quick Guide
In 2007, sales grew by 31 per cent to SEK 963.8 m (735.0).
Beijer Electronics generated an operating profit of SEK 86.9 m (77.2)
m in 2007, equivalent to earnings per share after tax of SEK 9.21 (8.49).
Including capital gains of SEK 37.4 m in 2006, earnings per share were SEK
14.51.
| MSEK |
2007 |
2006 |
| Net turnover, SEK m |
963.8 |
735.0 |
| Operating
profit, SEK m |
86.9 |
77.2 |
| Operating margin, % |
9.0 a) |
10.5 |
| Profit
before tax,
SEK m |
84.6 |
75.6 b) |
| Earnings per share, SEK |
9.21
|
8.49 |
| Dividends per share, SEK |
4.00 |
3.75 d) |
| Equity ratio, % |
38.2 |
44.0 |
| Average no. of employees |
463 |
314 |
a) Excl non-recurring expenses of SEK 5.3 m in 2007, operating
margin was 9.6 per cent (10.5).
b) Incl capital gains of SEK 37.4 m in 2006,
profits were SEK 113.1 m.
c) Incl capital gains of SEK 37.4 m in 2006,
earnings per share were SEK 14.51.
d) Incl the extraordinary dividend of
SEK 2.00 in 2006, dividends were SEK 5.75.
|
