MALMÖ, Sweden--(BUSINESS WIRE)--Regulatory News:
Beijer Electronics (STO:BELE):
Industrial automation product launches and a new data communication growth plan was the focus of the company during the past year. More information about this is available in Beijer Electronics' 2014 Annual Report, published today in English on the company’s website, www.beijerelectronics.se.
The group strengthened its global high-tech profile including the launches of specialized operator panels certified for extreme and marine operating environments, attracting significant interest internationally.
To further strengthen the global core business, Beijer Electronics divested its US Vehicle Division. Instead the group chose to invest further in Westermo and Korenix in the IDC business area (industrial data communication). The initiative involves both increased product development and strengthening of the sales organization.
Group sales increased overall in 2014, and profit before and after adjustment for non-recurring items improved. A good cash flow from operations and a continued focus on reducing working capital also meant that the group´s financial position improved, with a significantly stronger equity ratio and lower net debt.
In her comments on the year, Acting President and CEO Anna Belfrage emphasizes the Beijer Electronics high-tech profile that will shape the strategic direction in the coming years: ”The group allocates significant resources to in-house development of high-tech solutions that are sold globally, with more than 80% of group sales derived from such products in 2014.”
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 email@example.com.
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 present in 19 countries and sales of 1,402 MSEK 2014. The company is listed on the NASDAQ OMX Nordic Stockholm Small Cap list under the ticker BELE. www.beijerelectronics.se
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