Financial Statement 2013: Increased sales and improved operating profit in the fourth quarter

Fourth Quarter

• Order intake increased by 1% to 352.4 MSEK (349.3).

• Net sales rose by 8% to 366.3 MSEK (340.6).

• Operating profit increased by 7% to 20.0 MSEK (18.7).

• The quarter was charged with restructuring expenses of 5.6 MSEK.

• Profit after tax amounted to 8.5 MSEK (17.3).


Full Year

• Order intake increased by 2% to 1,401.6 MSEK (1,373.4).

• Net sales were MSEK 1,376.2 MSEK (1,367.2).

• Operating profit was 87.4 MSEK (99.5).

• Profit after tax amounted to 44.4 MSEK (53.4).

• Earnings per share were 2.32 SEK (2.62).

• The Board of Directors is proposing a dividend of 1,25 SEK (1.25) per share.


COMMENTS FROM FREDRIK JÖNSSON, OUR CEO

 “Beijer Electronics’ operations continued to recover in the fourth quarter,
with healthy sales growth and somewhat higher order intake. The same applies to
operating profit, even if it was reduced by restructuring expenses in Germany
and a temporary but unfavorable sales mix, which meant lower margins.

But the recovery is slow. Our external environment still features uncertainty,
with a hesitant sentiment towards large-scale investments. Meanwhile, the
geographical outlook is divided, with healthy demand in the US, certain bright
spots in Europe, while things are progressing slowly in Asia. The group’s
different business areas also present a divided picture.

The IDC business area continued to impress in the fourth quarter, with robust
sales gains, and doubled its operating profit. This business area secured its
status as the leading vendor of high-quality communications solutions and now
has a solid platform for continued growth.

Order intake and sales in the HMI Products business area made positive progress
in the fourth quarter but profits are way off the business area’s long-term
target. Structural issues in Germany were rectified in the fourth quarter, which
triggered a non-recurring expense of 5.6 MSEK. In the year, as in the fourth
quarter, HMI Products was also affected by a small number of very large orders,
with low margins in the US automotive segment.

The Automation business area is still encountering a problematic market. For
example, demand from the marine side in Norway was very poor. Despite notably
lower sales in the fourth quarter and full year, Automation has defended its
margins creditably. Its new own-brand product range, launched in the fall, is
another positive, gaining a good reception on the market, helping lift sales in
the fourth quarter.

Overall, 2013 can be viewed as an off year in purely operational terms.
Strategically, we consolidated our positioning with acquisitions like Petek
Teknoloji of Turkey and 15% of Altus Sistemas de Automação of Brazil, and
through a much-expanded own-brand product range, and continued brisk tempo of
product development. The group’s order intake has turned upwards, giving us some
confidence of gradual stabilization and better demand growth in 2014.”

* * * * * * * * * * * * * * * * * * * * * * * * * * *

INVITATION TO CONFERENCE CALL

Today a conference call will be held for press and analysts where President and
CEO Fredrik Jönsson and CFO Anna Belfrage present the company and comment on the
report.

Time:  Thursday February 6, at 1.30 p.m. CET

To participate in the conference please dial:

From Sweden:  +46850556483
From UK: +442076602080

To access the presentation please use this link:
https://www.anywhereconference.com/?Conference=137349961&PIN=241447

The Financial Statement and the presentation will be available at Beijer
Electronics’ website www.beijergroup.com under Investors/Presentations. A
recording of the conference call will also be available here after the event.

Welcome!
For more information please contact:
President and CEO, Fredrik Jönsson, tel 46 (0)40 35 86 10, mobile 46 (0)705 17
16 26
CFO, Anna Belfrage, tel 46 (0)40 35 86 53, mobile 46 (0)706 35 86 53
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 22 countries and sales of 1,367 MSEK 2012. The company is listed on
the NASDAQ OMX Nordic Stockholm Small Cap list under the ticker BELE.
www.beijerelectronics.se