Byggmax sells the property in Nacka and makes a profit of 12 million SEK after tax

Byggmax sells the property in Nacka, where the company recently opened a store. The property was purchased in 2012, with the intention to move the existing tenant within the premises and build a Byggmax store. This is now done, and therefore the property is sold.

The normal for Byggmax is to rent store premises. Sometimes, real estate is bought in order to develop them into stores. This mainly applies to strategic store locations. Currently there is no such property in Byggmax, but there is an option agreement to purchase a property in the future.

In connection with the transaction does Byggmax a profit of 12 million SEK after tax. Total sales price for the shares of the company that is sold is 31 846 662 SEK. In addition the buyer pay back loans of 27 279 714 SEK.

For further questions, please contact:

Magnus Agervald, CEO Byggmax
Mobile: 46 76 119 0020
E-mail: magnus.agervald@byggmax.se

About Byggmax
The home improvement discounter chain Byggmax was launched in 1993 and its business concept is to be the best and most inexpensive alternative for consumers in need of high-quality construction materials. In 2007, the Byggmax launched its business in Norway, and the first store in Finland was opened in 2008. Today Byggmax has 75 stores in Sweden, 29 in Norway and 13 in Finland. The company’s sales amounted to approximately SEK 3,5 billion in 2014. Byggmax has been listed on NASDAQ OMX Stockholm since June 2010.

For more information, please visit www.byggmax.com

Tags: