Beijer Ref AB (publ) (BEIJ_B) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

We went through double digits in the quarter. SM Frigo, very good order. Backlog continued to be active, strong, especially in EMEA. Got our first or continue to get orders in the US. We continue to build the organization in the US. So very interesting for the future. and a little bit weaker in the APAC region, especially in the food retail, but still some nice opportunities also in Asia that we addressed on the OEM. So continue to be positive on the green OEMs, continue to grow double digits as we go forward. Moving on to the next slide, focusing in a little bit on EMEA. Good quarter in EMEA, 17% growth, stable on the organic side. We continue to do well here on acquisitions, good growth in Eastern Europe, and also seeing a good trend there in June and July across, I would say, all regions in EMEA. So very happy to see some higher activity levels on there. OEM, as we said, on the SEM Freedom Fender, continue to do well in the business. Record margins in the quarter driven by good strategic initiatives on the private label side, but also on purchasing. So we continue. I mean, EMEA had, I would say, a fantastic quarter here in Q2 and started well here in Q3 as well. So happy with our largest region here. Moving on to APAC. APEC, of course, now is a little bit in off season. It's a smaller quarter on there, fairly stable across the board. Some nice winds on natural refrigerant in South Korea. Also working on some bigger projects around in Southeast Asia. That looks very promising. Slow market on the OM side in Australia and New Zealand. Less investment from the food retail. Good backlog, but a little bit slower to move forward. So generally a stable quarter in APEC after having very good organic growth the last couple of quarters in high season. And the other thing we ...