Year-end Report Byggmax Group 1 January - 31 December, 2023
Lower costs and strengthened balance sheet in a weak market As expected, the last quarter of 2023, continued with a weak consumer market, where building materials were particularly hard affected. As a leading low price retailer, Byggmax continues to strengthen the position with development of the customer offering, lower costs and adjusted inventory levels. This, together with adjusted investment activity, resulted in a strengthened balance sheet. Byggmax is ready when the market returns. ”During 2023, we have reduced our costs by 10 percent, reduced inventories and adjusted investment