Beijer Ref AB (publ) (BEIJ-B.ST)
Malmö, SE
Beijer Ref AB (publ), alongside its affiliated companies, functions as a wholesale supplier of refrigeration equipment, primarily serving installation contractors, as well as service and contracting firms. The company's offerings encompass refrigeration and air conditioning units, heat pumps, essential components, and various spare parts. Furthermore, Beijer Ref is involved in the development and production of refrigeration systems and heat pumps on an original equipment manufacturing (OEM) basis. Its operations extend across diverse global markets, including the Nordic countries, Southern, Central, and Eastern Europe, Africa, and the Asia Pacific region. Established in 1866 and headquartered in Malmö, Sweden, the company adopted its current name, Beijer Ref AB (publ), in May 2014, having previously been known as G & L Beijer AB (publ).
No mergers or acquisitions recorded for this company.
| Indicator | 1D | 1W | 2W | 3W | 1M |
|---|
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
| 1D | 5D | 1M | 3M | 6M | YTD | 1Y | 3Y | 5Y | 10Y | Max |
|---|---|---|---|---|---|---|---|---|---|---|
| +1.10% | -1.91% | -0.39% | -9.14% | -14.40% | -12.54% | -9.05% | -19.26% | -2.19% | +547.06% | +4,966.93% |
Revenue flow
Revenue by geography
Revenue by segment
Revenue composition
By product
By geography
Income Statement
Balance Sheet
Cash Flow Statement
Key Metrics
Financial Ratios
Employees
Financial Growth (CAGR)
Market Data
DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.
| Rating | 2026-05 | Change |
|---|---|---|
| Strong Buy | 1 | +1 |
| Buy | 6 | 0 |
| Hold | 1 | 0 |
| Sell | 0 | 0 |
| Strong Sell | 1 | 0 |
-
Revenue growth Industrial - Machinery: +7.4%+3.9% Q1'26: -3.9% (vs Q1'25)
-
EPS growth Industrial - Machinery: +15.6%+4.3% Q1'26: +0.0% (vs Q1'25)
-
FCF margin FCF growth · Industrial - Machinery: +38.2%+8.1% Q1'26: +0.0% (vs Q1'25)
-
EBIT margin Industrial - Machinery: +10.0%+9.7% Q1'26: +8.7% (vs Q1'25)
-
ROIC Industrial - Machinery: +6.8%+8.7% ★ Q1'26: +6.7% (vs Q1'25)
-
Share dilution Industrial - Machinery: +0.0%+0.3% Q1'26: 0.0% (vs Q1'25)
-
Debt / EBITDA Net debt/EBITDA · Industrial - Machinery: -0.65×2.79× Q1'26: 3.31× (vs Q1'25)
* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.
| Metric |
Dec 2015 actual |
Dec 2016 actual |
Dec 2017 actual |
Dec 2018 actual |
Dec 2019 actual |
Dec 2020 actual |
Dec 2021 actual |
Dec 2022 actual |
Dec 2023 actual |
Dec 2024 actual |
Dec 2025 actual |
Dec 2026 8 Rev. Ana. 7 EPS Ana. |
Dec 2027 8 Rev. Ana. 7 EPS Ana. |
Dec 2028 8 Rev. Ana. 6 EPS Ana. |
Dec 2029 7 Rev. Ana. 4 EPS Ana. |
Dec 2030 7 Rev. Ana. 2 EPS Ana. |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue |
8.36B
est: 8.36B (+0.1%)
|
9.04B
est: 9.17B (-1.4%)
|
9.83B
est: 9.72B (+1.1%)
|
13.01B
est: 13.02B (0.0%)
|
14.82B
est: 14.94B (-0.8%)
|
14.06B
est: 14.11B (-0.3%)
|
16.90B
est: 16.73B (+1.1%)
|
22.64B
est: 22.46B (+0.8%)
|
32.15B
est: 33.48B (-4.0%)
|
35.66B
est: 35.43B (+0.6%)
|
37.07B
est: 37.25B (-0.5%)
|
38.70B
38.01B – 39.63B
+3.9% YoY
|
41.15B
39.94B – 43.46B
+6.3% YoY
|
43.85B
43.73B – 43.97B
+6.6% YoY
|
45.22B
44.15B – 47.05B
+3.1% YoY
|
44.62B
43.57B – 46.44B
-1.3% YoY
|
| EBITDA |
636.11M
est: 968.42M (-34.3%)
|
671.94M
est: 1.06B (-36.8%)
|
815.31M
est: 1.13B (-27.6%)
|
1.20B
est: 1.51B (-20.3%)
|
1.35B
est: 1.73B (-22.2%)
|
1.48B
est: 1.64B (-9.4%)
|
1.84B
est: 1.94B (-4.9%)
|
2.47B
est: 2.60B (-5.1%)
|
4.07B
est: 5.02B (-18.9%)
|
4.61B
est: 5.31B (-13.1%)
|
4.62B
est: 5.58B (-17.2%)
|
5.80B
5.70B – 5.94B
+3.9% YoY
|
6.16B
5.98B – 6.51B
+6.3% YoY
|
6.57B
6.55B – 6.59B
+6.6% YoY
|
6.77B
6.61B – 7.05B
+3.1% YoY
|
6.69B
6.53B – 6.96B
-1.3% YoY
|
| EBIT |
565.67M
est: 736.06M (-23.1%)
|
592.90M
est: 808.19M (-26.6%)
|
728.72M
est: 856.18M (-14.9%)
|
1.10B
est: 1.15B (-4.2%)
|
1.24B
est: 1.32B (-5.7%)
|
1.04B
est: 1.24B (-16.0%)
|
1.37B
est: 1.47B (-7.0%)
|
1.90B
est: 1.98B (-3.8%)
|
3.20B
est: 4.05B (-21.0%)
|
3.62B
est: 4.29B (-15.6%)
|
3.59B
est: 4.51B (-20.3%)
|
4.68B
4.60B – 4.80B
+3.9% YoY
|
4.98B
4.84B – 5.26B
+6.3% YoY
|
5.31B
5.29B – 5.32B
+6.6% YoY
|
5.47B
5.34B – 5.70B
+3.1% YoY
|
5.40B
5.27B – 5.62B
-1.3% YoY
|
| Net Income |
366.28M
est: 458.59M (-20.1%)
|
388.84M
est: 493.85M (-21.3%)
|
511.27M
est: 587.18M (-12.9%)
|
769.34M
est: 981.59M (-21.6%)
|
863.52M
est: 1.06B (-18.4%)
|
722.32M
est: 914.48M (-21.0%)
|
979.00M
est: 1.21B (-19.0%)
|
1.25B
est: 1.80B (-30.8%)
|
2.38B
est: 2.44B (-2.6%)
|
2.23B
est: 2.38B (-6.2%)
|
2.33B
est: 2.57B (-9.6%)
|
2.81B
2.67B – 2.96B
+9.4% YoY
|
2.99B
2.95B – 3.29B
+6.3% YoY
|
3.29B
3.00B – 3.81B
+10.1% YoY
|
3.39B
3.29B – 3.57B
+3.0% YoY
|
3.54B
3.43B – 3.72B
+4.3% YoY
|
| SGA |
682.34M
est: 1.22B (-43.9%)
|
777.81M
est: 1.34B (-41.8%)
|
785.14M
est: 1.42B (-44.5%)
|
1.09B
est: 1.90B (-42.2%)
|
942.34M
est: 2.18B (-56.7%)
|
838.23M
est: 2.05B (-59.2%)
|
957.64M
est: 2.44B (-60.7%)
|
4.37B
est: 3.27B (+33.6%)
|
7.17B
est: 4.48B (+60.1%)
|
6.99B
est: 4.74B (+47.5%)
|
—
est: 4.98B (-100.0%)
|
5.17B
5.08B – 5.30B
+3.9% YoY
|
5.50B
5.34B – 5.81B
+6.3% YoY
|
5.86B
5.85B – 5.88B
+6.6% YoY
|
6.05B
5.90B – 6.29B
+3.1% YoY
|
5.97B
5.83B – 6.21B
-1.3% YoY
|
| EPS |
0.88
est: 0.90 (-2.7%)
|
0.93
est: 0.97 (-4.5%)
|
1.23
est: 1.16 (+6.2%)
|
1.85
est: 1.94 (-4.5%)
|
2.08
est: 2.09 (-0.4%)
|
1.74
est: 1.80 (-3.6%)
|
2.36
est: 2.39 (-1.1%)
|
3.00
est: 3.56 (-15.7%)
|
4.88
est: 4.81 (+1.5%)
|
4.39
est: 4.53 (-3.1%)
|
4.59
est: 5.01 (-8.4%)
|
5.45
5.25 – 5.82
+8.8% YoY
|
6.12
5.80 – 6.48
+12.4% YoY
|
6.76
5.90 – 7.50
+10.4% YoY
|
6.68
6.47 – 7.03
-1.3% YoY
|
6.96
6.75 – 7.33
+4.3% YoY
|
| Date | Rating | Overall | DCF | ROE | ROA | D/E | P/E | P/B |
|---|---|---|---|---|---|---|---|---|
| 2026-05-29 | B+ | 3/5 | 4/5 | 4/5 | 4/5 | 2/5 | 2/5 | 2/5 |
| 2026-05-28 | B+ | 3/5 | 4/5 | 4/5 | 4/5 | 2/5 | 2/5 | 2/5 |
| 2026-05-27 | B+ | 3/5 | 4/5 | 4/5 | 4/5 | 2/5 | 2/5 | 2/5 |
| 2026-05-26 | B+ | 3/5 | 4/5 | 4/5 | 4/5 | 2/5 | 2/5 | 2/5 |
| 2026-05-25 | B+ | 3/5 | 4/5 | 4/5 | 4/5 | 2/5 | 2/5 | 2/5 |
| 2026-05-22 | B+ | 3/5 | 4/5 | 4/5 | 4/5 | 2/5 | 2/5 | 2/5 |
| 2026-05-21 | B+ | 3/5 | 4/5 | 4/5 | 4/5 | 2/5 | 2/5 | 2/5 |
| 2026-05-20 | B+ | 3/5 | 4/5 | 4/5 | 4/5 | 2/5 | 2/5 | 2/5 |
| 2026-05-19 | B+ | 3/5 | 4/5 | 4/5 | 4/5 | 2/5 | 2/5 | 2/5 |
| 2026-05-18 | B+ | 3/5 | 4/5 | 4/5 | 4/5 | 2/5 | 2/5 | 2/5 |
| 2026-05-15 | B+ | 3/5 | 4/5 | 4/5 | 4/5 | 2/5 | 2/5 | 2/5 |
| 2026-05-13 | B+ | 3/5 | 5/5 | 4/5 | 4/5 | 2/5 | 2/5 | 2/5 |
| 2026-05-12 | B+ | 3/5 | 5/5 | 4/5 | 4/5 | 2/5 | 2/5 | 2/5 |
| 2026-05-11 | B+ | 3/5 | 5/5 | 4/5 | 4/5 | 2/5 | 2/5 | 2/5 |
| 2026-05-08 | A- | 4/5 | 5/5 | 4/5 | 4/5 | 2/5 | 2/5 | 3/5 |
| 2026-05-07 | B+ | 3/5 | 4/5 | 4/5 | 4/5 | 2/5 | 2/5 | 3/5 |
| 2026-05-06 | B+ | 3/5 | 4/5 | 4/5 | 4/5 | 2/5 | 2/5 | 3/5 |
| 2026-05-05 | B+ | 3/5 | 4/5 | 4/5 | 4/5 | 2/5 | 2/5 | 3/5 |
| 2026-05-04 | B+ | 3/5 | 4/5 | 4/5 | 4/5 | 2/5 | 2/5 | 3/5 |
| 2026-04-30 | B | 3/5 | 4/5 | 3/5 | 4/5 | 1/5 | 2/5 | 3/5 |
| 2026-04-29 | B | 3/5 | 4/5 | 3/5 | 4/5 | 1/5 | 2/5 | 2/5 |
| 2026-04-28 | B | 3/5 | 4/5 | 3/5 | 4/5 | 1/5 | 2/5 | 2/5 |
| 2026-04-27 | B | 3/5 | 4/5 | 3/5 | 4/5 | 1/5 | 2/5 | 2/5 |
| 2026-04-24 | B | 3/5 | 4/5 | 3/5 | 5/5 | 1/5 | 2/5 | 2/5 |
| 2026-04-23 | B | 3/5 | 4/5 | 3/5 | 5/5 | 1/5 | 2/5 | 2/5 |
| 2026-04-22 | B | 3/5 | 4/5 | 3/5 | 5/5 | 1/5 | 2/5 | 2/5 |
| 2026-04-21 | B | 3/5 | 4/5 | 3/5 | 5/5 | 1/5 | 2/5 | 2/5 |
| 2026-04-20 | B | 3/5 | 4/5 | 3/5 | 5/5 | 1/5 | 2/5 | 2/5 |
| 2026-04-17 | B | 3/5 | 4/5 | 3/5 | 5/5 | 1/5 | 2/5 | 2/5 |
| 2026-04-16 | B | 3/5 | 4/5 | 3/5 | 5/5 | 1/5 | 2/5 | 2/5 |
Owner Earnings
Ownership Overview
Ownership breakdown not available.
No beneficial ownership filings recorded.
Institutional Activity (13F)
Institutional history not available.
Top holders not available.
ETF Ownership
| # | ETF | Weight | Est. AUM exposure | TER |
|---|---|---|---|---|
| 1 | Invesco STOXX Europe 600 Optimised Construction & Materials UCITS ETF SC01.DE | 1.29% | 520.9K | 0.20% |
| 2 | iShares STOXX Europe 600 Construct & Material UCITS ETF (DE) EXV8.DE | 1.18% | 10.25M | 0.46% |
| 3 | iShares MSCI Sweden ETF EWD | 0.81% | 4.14M | 0.51% |
| 4 | iShares OMX Stockholm Capped UCITS ETF OM3X.DE | 0.68% | 1.45M | 0.10% |
| 5 | iShares MSCI Europe Mid-Cap Equal Weight UCITS ETF IEFS.L | 0.49% | 188.5K | 0.25% |
| 6 | Xtrackers MSCI Nordic UCITS ETF 1D XDN0.L | 0.42% | 5.32M | 0.30% |
| 7 | Amundi MSCI Nordic UCITS ETF - EUR (C) CN1G.DE | 0.40% | 1.42M | 0.25% |
| 8 | iShares STOXX Europe Mid 200 UCITS ETF (DE) EXSD.DE | 0.32% | 2.12M | 0.20% |
| 9 | iShares MSCI Europe Mid Cap UCITS ETF EMID.L | 0.26% | 89.8K | 0.15% |
| 10 | iShares MSCI Europe Mid Cap UCITS ETF EUMD.L | 0.26% | 1.71M | 0.15% |
Insider Activity
No insider activity available.
Insider history not available.
No recent insider transactions.
Executive team
Executive compensation
Executive compensation not available.
No CEO compensation history available.
Proxy statements
No proxy statements available for this company yet.
Recent SEC filings
No SEC filings available for this company yet.
Executive team
| Name | Title | Compensation | Gender |
|---|---|---|---|
| Christopher Norbye | Chief Executive Officer & President | 21M | male |
| David Ericsson | Executive Vice President and Head of M&A | — | — |
| Hanna Grasso | Head of HR & Communications and Executive VP | — | — |
| Joel Davidsson | Executive Vice President & Chief Financial Officer | — | male |
| Jonas Steen | COO & Executive VP of EMEA | — | male |
| Kristian Lexander | Executive Vice President, Chief Information Officer & CDO | — | male |
| Wayne Ferguson | COO & Executive VP of APAC | — | male |
| Ann-Sofie Gunnarsson | Head of Sustainability | — | — |
| Yann Talhouet | COO & Executive VP of Toshiba HVAC Western Europe | — | male |
No data available for this company.
No Senate trading activity found for this company.
No House trading activity found for this company.
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Community Opinion for BEIJ-B.ST
Short-term intention
Target Price Distribution
These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.

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