US/UK/Canada

Share

Quotes

Byggmax deliver improved profitability and strengthened balance sheet during the important second quarter despite a continued cautious market. This year’s focus on ensuring efficient operations and reducing net debt have a significant impact. At the same time, work to further improve the customer offering continues.
Karl Sandlund, President and CEO
We have a clear roadmap to deliver on our targets. Based on our strong discount position, we will continue simplifying our operations, leveraging our commercial investments, and elevating our market presence to drive sustainable growth and deliver significant value.
Karl Sandlund, CEO Byggmax
The first quarter of 2024 developed as expected. Byggmax’s focus on strengthening the customer offering, efficient operations, and optimizing inventory levels gave effect. In addition to lower costs, net debt is significantly reduced versus the corresponding quarter last year. With more stores, lower costs, and an optimized inventory, Byggmax is ready for a new season
Karl Sandlund, President and CEO
During 2023, we have reduced our costs by 10 percent, reduced inventories and adjusted investment activity. Byggmax is a more efficient business than at the beginning of the year.
Karl Sandlund, President and CEO
The market remains weak, with cautious consumers and postponed renovations. The fact that we are still delivering stable profitability shows the importance of cost control.
Karl Sandlund, President and CEO
By proactive adaption of the business and a strong cost control, Byggmax delivered profitability in a continued weak market
Karl Sandlund, CEO Byggmax Group
Pick a time period -
Tags ( Active)

Interim Report Byggmax Group 1 January - 30 June, 2024

Improved profitability and strengthened balance sheet ”Byggmax deliver improved profitability and strengthened balance sheet during the important second quarter despite a continued cautious market. This year’s focus on ensuring efficient operations and reducing net debt have a significant impact. At the same time, work to further improve the customer offering continues.” Karl Sandlund, President and CEOThe second quarter of 2024 · Net sales amounted to SEK 2,082 M (2,203), a decrease of 5.5 percent. · Exchange rate effects had a positive impact on net sales of 0.2 percent. The

Invitation to conference call Byggmax Group's Interim Report January 1 – June 30, 2024

Byggmax interim report for the second quarter 2024 will be published on Friday, July 12, at approximately 08.00 CET. A teleconference will be held on the same day, in English, at 10.30 CET.Byggmax CEO Karl Sandlund and CFO Helena Nathhorst will present the results for the second quarter 2024 and answer questions.   A presentation will be available on our website from 08.30 CET on July 12, https://om.byggmax.se/en/investors/presentations.   To join the conference call the following numbers: SE (Local): +46 10 884 80 16 PIN: 435957 UK (Toll Free): +44 800 358 1035 PIN:

Key personnel at the Byggmax Group acquire warrants

Key personnel at the Byggmax Group acquire 400,000 warrants under the recently decided 2024/2029 incentive program.The Annual General Meeting on May 6, 2024 resolved in favor of an incentive program, comprising a private placement of warrants to the subsidiary Byggmax AB, for onward assignment at market value to key individuals at the Byggmax Group. Each warrant entitles the holder, during the period June 11, 2029 through December 10, 2029, to subscribe for one (1) new share in Byggmax Group AB at a subscription price of SEK 48.00. The resolution means that seven key individuals at the

Byggmax Group published updated financial targets

Byggmax Group AB (publ) today announce updated financial targets, affirming the commitment to driving future profitable growth and value creation. The Board of Directors has decided to update the financial targets to reflect the company’s ambition to grow beyond the market while delivering profitability and maintaining a strong balance sheet. Byggmax's efficient business model enables both dividends to shareholders and investment in growth."We have a clear roadmap to deliver on our targets. Based on our strong discount position, we will continue simplifying our operations, leveraging our

Annual General Meeting of Byggmax Group AB (publ) 2024

Annual General Meeting of Byggmax Group AB (publ) The Annual General Meeting (AGM) of Byggmax Group AB (publ) was held on Monday May 6, 2024 in Stockholm. Complete information and documents regarding the AGM's resolutions are available on the company's website, www.byggmax.com. All resolutions passed by the AGM are in accordance with the proposals presented in the notification of the AGM. Adoption of the income statement and balance sheet etc. The AGM resolved to adopt the income statement and balance sheet for the Parent Company as well as the consolidated income statement and

Interim Report Byggmax Group 1 January - 31 March, 2024

More stores, lower costs and significantly reduced net debt ”The first quarter of 2024 developed as expected. Byggmax’s focus on strengthening the customer offering, efficient operations, and optimizing inventory levels gave effect. In addition to lower costs, net debt is significantly reduced versus the corresponding quarter last year. With more stores, lower costs, and an optimized inventory, Byggmax is ready for a new season”. Karl Sandlund, President and CEOThe first quarter of 2024 · Net sales amounted to SEK 866 M (952), representing a decrease of 9.0 percent. · Exchange

Invitation to conference call Byggmax Group's Interim Report January 1 – March 31, 2024

Byggmax Group's Interm Report for the first quarter 2024 will be published on Tuesday April 23, at approximately 08.00 CET. A conference call will be held on the same day, in English, at 10.30 CET.Byggmax Group's CEO Karl Sandlund and CFO Helena Nathhorst will present the results for the first quarter 2024 and answer questions. The presentation will be available from 08.30 CET on April 23, at https://om.byggmax.se under Investors / Presentations. To join the conference call the following numbers: SE (Toll Free): +46 20 012 37 17SE (Local): +46 10 884 80 16UK (Toll Free): +44

Notification of Annual General Meeting in Byggmax Group AB (publ)

Shareholders of Byggmax Group AB (publ), Corporate Registration Number 556656-3531, (the “Company”) are hereby notified of the Annual General Meeting (AGM) to be held on Monday, May 6, 2024, at 10 a.m. at Lindhagensgatan 112, 112 51 Stockholm, Sweden.Notification, etc. Shareholders who wish to participate at the Annual General Meeting must: · both be listed in the register of shareholders maintained by Euroclear Sweden AB on Thursday, April 25, 2024, and · notify the Company of their intention to attend the AGM, no later than on Monday, April 29, 2024, to the address Byggmax

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

Invitation to conference call Byggmax Group's Year-End Report January 1 – December 31, 2023

Byggmax Group's Year-End Report for 2023 will be published on Wednesday January 31, at approximately 08.00 CET. A conference call will be held on the same day, in English, at 10.30 CET.Byggmax Group's CEO Karl Sandlund and CFO Helena Nathhorst will present the results for the year 2023 and answer questions. The presentation will be available from 08.30 CET on January 31, at https://om.byggmax.se under Financial Information / Financial reports. To join the conference call the following numbers: SE (Toll Free): +46 20 012 37 17SE (Local): +46 10 884 80 16UK (Toll Free): +44 800

Byggmax Nomination Committee

According to the principles for the appointment of the Nomination Committee adopted by the Annual General Meeting, the Chairman of the Board of Directors shall annually and not later than the end of the third quarter every year, convene the three largest shareholders in the company, as registered on August 31 according to Euroclear Sweden AB, which are then each entitled to appoint one member of the Nomination Committee. In addition to the above, the Chairman of the Board can also be a member of the Nomination Committee. The mandate period of the Nomination Committee extends until such time

Interim Report Byggmax Group 1 January - 30 September, 2023

Profitable Byggmax in weak marketSummary of the third quarter of 2023• Net sales amounted to SEK 1,960 M (2,273), representing a decrease of 13.8 percent.• The Group’s currency adjusted like-for-like sales decreased by 15.5 percent.• The gross margin was 34.1 percent (34.4).• EBITA amounted to SEK 210 M (288), with an EBITA margin of 10.7 percent (12.7).• EBIT amounted to SEK 196 M (274), with an EBIT margin of 10.0 percent (12.0).• Net profit for the period amounted to SEK 138 M (214).• Earnings per share totalled SEK 2.36 (3.65).• Cash flow from operating activities

Invitation to conference call Interim Report January 1 – September 30, 2023

Byggmax interim report for the third quarter 2023 will be published on Wednesday October 25, at approximately 08.00 AM. A conference call will be held on the same day, in English, at 10.30 AM.Byggmax CEO Karl Sandlund and CFO Helena Nathhorst will present the results for the third quarter 2023 and answer questions. The presentation will be available from 08.30 AM on October 25, at https://om.byggmax.se under Financial Information / Financial reports. To join the conference call the following numbers: SE (Toll Free): +46 20 012 37 17SE (Local): +46 10 884 80 16UK (Toll Free):

Interim report Byggmax Group January 1 - June 30, 2023

Byggmax delivers in a weak marketSummary of the second quarter 2023• Net sales amounted to SEK 2,203 M (2,546), representing a decrease of 13.4 percent.• The Group’s currency adjusted like-for-like sales decreased by 14.3 percent.• The gross margin was 32.0 percent (32.0).• EBITA amounted to SEK 172 M (254), with an EBITA margin of 7.8 percent (10.0).• EBIT amounted to SEK 158 M (240), with an EBIT margin of 7.2 percent (9.4).• Net profit for the period amounted to SEK 117 M (182).• Earnings per share totalled SEK 2.00 (3.11).• Cash flow from operating activities amounts to

Invitation to conference call Interim Report January 1 – June 30, 2023

Byggmax interim report for the second quarter 2023 will be published on Friday July 14, at apprimately 08.00 AM. A teleconference will be held on the same day, in English, at 10.30 AM.Byggmax CEO Karl Sandlund and CFO Helena Nathhorst will present the results for the second quarter 2023 and answer questions. The presentation material will be available from 08.30 AM on July 14, at www.byggmax.se under Financial Information / Financial reports. To join the conference call the following numbers: SE (Toll Free): +46 20 012 37 17                           PIN: 898963SE (Local): +46 10

Key personnel at the Byggmax Group acquire warrants

Key personnel at the Byggmax Group acquire 466,000 warrants under the recently decided 2023/2028 incentive program.The Annual General Meeting on May 5, 2023 resolved in favor of an incentive program, comprising a private placement of warrants to the subsidiary, Byggmax AB, for onward assignment at market value to key individuals at the Byggmax Group. Each warrant entitles the holder, during the period June 12, 2028 through December 11, 2028, to subscribe for one (1) new share in Byggmax Group AB at a subscription price of SEK 37,70. The resolution means that eleven key individuals at the

Annual General Meeting of Byggmax Group AB (publ) 2023

Annual General Meeting of Byggmax Group AB (publ) The Annual General Meeting (AGM) of Byggmax Group AB (publ) was held on Friday May 5, 2023 in Stockholm. Complete information and documents regarding the AGM's resolutions are available on the company's website, www.byggmax.com. All resolutions passed by the AGM are in accordance with the proposals presented in the notification of the AGM. Adoption of the income statement and balance sheet etc. The AGM resolved to adopt the income statement and balance sheet for the Parent Company as well as the consolidated income statement and

Interim Report Byggmax Group January 1 - March 31, 2023

Soft start, awaiting springSummary of the first quarter of 2023• Net sales amounted to SEK 952 M (1,271), representing a decrease of 25.1 percent.• The Group’s currency adjusted like-for-like sales decreased by 26.8 percent.• The gross margin was 34.4 percent (35.5).• EBITA amounted to SEK -125 M (-4), with an EBITA margin of -13.2 percent (-0.3).• EBIT amounted to SEK -139 M (-18), with an EBIT margin of -14.6 percent (-1.4).• Net profit for the period amounted to SEK -133 M (-23).• Earnings per share totalled SEK -2.26 (-0.39).• Cash flow from operating activities amounts

Karl Sandlund appointed new President and CEO of Byggmax Group

The Board of Directors of Byggmax Group AB (publ) has appointed Karl Sandlund as new President and CEO of the company. Karl joins from a role as COO of AcadeMedia and has previously had leading positions at SAS, most recently Chief Commercial Officer.“I am very happy to welcome Karl as the new CEO of Byggmax”, says Anders Moberg, Chairman of the Board. “Byggmax is moving forward from a position of strength, with a strong low price position, modernized customer offer, ambitious sustainability agenda and record high employee engagement. Karl’s excellent leadership skills and experience from

Invitation to conference call Interim Report January 1 – March 31, 2023

Byggmax interim report for the first quarter 2023 will be published on Tuesday April 25, at approximately 08.00 AM. A teleconference will be held on the same day, in English, at 10.30 AM.Byggmax CEO Mattias Ankarberg and CFO Helena Nathhorst will present the results for the first quarter 2023 and answer questions. The presentation material will be available from 08.30 AM on April 25, at www.byggmax.se under Financial Information / Financial reports. To join the conference call the following numbers: SE (Toll Free): +46 20 012 37 17                 PIN: 030702SE (Local): +46 10

Notification of Annual General Meeting in Byggmax Group AB (publ)

Shareholders of Byggmax Group AB (publ), Corporate Registration Number 556656-3531, (the “Company”) are hereby notified of the Annual General Meeting (AGM) to be held on Friday, May 5, 2023, at 10 a.m. at Lindhagen Konferens, Lindhagensgatan 126, 112 51 Stockholm, Sweden. After the close of the Annual General Meeting, the Company will give shareholders an opportunity to accompany the Company on a visit to some of the Company's stores. The visits are planned to take about three hours. Shareholders who wish to participate in these visits must notify the Company of their intention in

There are no items matching the current filter
There are no more items matching the current filter
Back to top

Subscribe

Media