Beijer Electronics AB announced consolidated and company earnings results for the fourth quarter and year ended December 31, 2016. For the quarter, on consolidated basis, the company reported net turnover was SEK 286,568,000 against SEK 332,990,000 a year ago. Operating profit before depreciation and amortization was SEK 22,821,000 against SEK 6,331,000 a year ago. Operating profit was SEK 7,254,000 against operating loss of SEK 10,702,000 a year ago. Profit before tax was SEK 2,887,000 against loss before tax of SEK 12,387,000 a year ago. Net loss attributable to equity holders of the parent was SEK 8,928,000 against SEK 12,545,000 a year ago. Loss per share was SEK 0.47 against SEK 0.66 a year ago.

For the year, on consolidated basis, the company reported net turnover was SEK 1,121,509,000 against SEK 1,374,575,000 a year ago. Operating profit before depreciation and amortization was SEK 23,019,000 against SEK 115,512,000 a year ago. Operating loss was SEK 39,355,000 against operating profit of SEK 52,200,000 a year ago. Loss before tax was SEK 124,199,000 against SEK profit before tax of 43,340,000 a year ago. Net loss attributable to equity holders of the parent was SEK 126,061,000 against net profit attributable to equity holders of the parent of SEK 23,957,000 a year ago. Loss per share was SEK 6.61 against earnings per share SEK 1.26 a year ago. Return on equity after tax, was negative 26.6% against positive 4.6% a year ago. Return on net operating assets was negative 5.8% against positive 7.4% a year ago. Cash flow from operating activities was SEK 9,365,000 against SEK 84,659,000 a year ago.

For the quarter, on company basis, the company reported net turnover was SEK 9,470,000 against SEK 15,398,000 a year ago. Operating loss was SEK 8,519,000 against SEK 4,531,000 a year ago. Loss before tax was SEK 5,742,000 against profit before tax of SEK 2,823,000 a year ago. Net loss was SEK 2,106, 000 against net profit of SEK 14,392,000 a year ago.

For the year, on company basis, the company reported net turnover was SEK 37,883,000 against SEK 61,593,000 a year ago. Operating loss was SEK 36,624,000 against SEK 15,104,000 a year ago. Loss before tax was SEK 69,833,000 against profit before tax of SEK 32,599,000 a year ago. Net loss was SEK 60,250, 000 against net profit of SEK 45,796, 000 a year ago.

The company finished 2016 in a positive trend. The realignment of the year, with a significantly reduced cost base, new product range and more customer-oriented sales organization, has made the group stronger. Accordingly, the company expects the group to be able to achieve higher sales and better underlying operating profit in 2017 than achieved in 2016.