Beijer Ref AB (publ) (BEIJ_B) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome everyone. Christopher and Joel here on a beautiful summer day. Looking forward to present the result and then as usual we'll finish off with some Q and A at the end of the presentation. So starting a little bit of summary of the quarter. Of course we like the heading of another record quarter. And as you know when we put all of our business together Q2 driven by EMEA is the strongest quarter of the year. So we had a 6% growth of sales about 1% organic of that 6% the rest acquisitions. And also as we stated a little bit before, we're now coming to the end of very strong comps from Eastern Europe driven by some inventory issues in Eastern Europe last year. So as we move forward in out to Q3 and Q4, that'll be fading off. And that's also why we stated we just, for East Europe, the underlying organic growth, was around 5%. So we see some good, good trends in Eastern Europe, driven by some inventory issues in Eastern Europe last year. So as we move forward in the group, as I noted, we will continue and accelerate growth in our OEM business driven by EMEA, but also very good activities around in APAC, in Southeast Asia. We see more and more trends moving over to natural refrigerants and a lot of activities there. And EMEA we see an accelerated transition into the natural refrigerants. And part of that is that January first quarter levels in the EU is going to be cup another 50%. And also you see a lot of trends on the natural refrigerants on the heating side through our Fenergy platform. So record backlogs, good growth in the OEM side and we see that continue as we move through the rest of the year. HVAC negative affected by, Eastern Europe otherwise positive. And we also see trends now in Europe are picking up, demand in countries like France, Netherlands, UK and ...