Interim report January-March 2015: Q1 in line with last year—strong growth in IDC

  · Order intake was 343.5 MSEK (354.7).
  · Net sales increased by 2% to 351.8 MSEK (346.1).
  · A record quarter for IDC.
  · Operating profit up by 2% to 26.7 MSEK (26.2).
  · Profit after tax was 15.1 MSEK (15.1).
  · Earnings per share were 0.80 SEK (0.79).

COMMENTS FROM ACTING CEO ANNA BELFRAGE

“Beijer Electronics’ sales increased moderately and operating profit was up
slightly in the first quarter.

The IDC business area remains convincing. IDC’s sales increased by almost 30%
and operating profit by just over 20%. Westermo had another record quarter in
terms of sales, and the period was IDC’s strongest to date. The strategic
investment program announced last fall is proceeding according to plan. The
positive progress demonstrates the effectiveness of IDC’s far-ranging
initiative, as well as its significant potential looking ahead.

The IAS business area experienced a challenging quarter as a result of a
downturn in US sales. Approximately half of the robust terminals sold in the US
are intended for the oil and gas segment, and given the current low level of oil
prices, investments in extraction have stagnated. To offset the lower volumes,
we’ve initiated a range of activities, both to address the oil and gas
distribution chain, and to increase sales to other segments that require rugged
terminals, such as mining. Demand remained sluggish in the Nordics, which also
affected IAS’ sales negatively. Progress in the rest of Europe and Asia was more
positive, however, with increased sales, particularly for the global product
offering. The measures in IAS that were begun towards the end of last year are
proceeding according to plan, and generated currency-adjusted savings of 8 MSEK
in the quarter. Given IAS’ current situation, work is underway to identify
further savings measures.

Developments in the US have affected group profitability, but the goal of
improving underlying operating profit stands.”

INVITATION TO CONFERENCE CALL

Today, April 22, 2015, a conference call will be held for press and analysts
where acting President and CEO Anna Belfrage and acting CFO Joakim Nideborn
present the company and comment on the report.

Time:  Wednesday April 22, at 2.00 p.m. CET

To participate in the conference please dial:

From Sweden: +46856642669
From UK: +442034281400

To access the presentation please use this link:
https://www.anywhereconference.com/?Conference=103362817&PIN=987020

The report 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:

Acting President and CEO, Anna Belfrage, tel 46 (0)40 35 86 53, mobile 46 (0)706
35 86 53
Acting CFO, Joakim Nideborn, tel 46 (0)40 35 84 49, mobile 46 (0) 707 72 29 83
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