Interim Report Byggmax Group 1 January - 30 September, 2023
Profitable Byggmax in weak market
Summary 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 amounts to SEK 174 M (127).
• One (three) store opened during the period and two (zero) were closed.
This is information that Byggmax Group AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication on 25 October, 2023 at 08.00 a.m.
For further information, please contact:
Helena Nathhorst, CFO
Mobile: +46 76 119 00 40
E-mail: helena.nathhorst@byggmax.se
Karl Sandlund, President and CEO
Mobile: +46 76 119 01 84
E-mail: karl.sandlund@byggmax.se
About Byggmax Group
Byggmax is a leading Nordic retail chain offering construction materials and do-it-yourself products with a well-developed online commerce section and 200 physical stores in Sweden, Norway, Finland and Denmark. Byggmax offers straightforward and excellent value products of high quality at the best price. Byggmax wants to be close to its customers and offer customers the know-how to improve their homes, regardless of budget or previous experience. Included in Byggmax Group is Skånska Byggvaror, a Nordic e-commerce company with self-developed compound products for home and garden, such as patio rooms and green houses. The group’s annual revenue 2022 was SEK 7.3 billion and the corporate group is listed on Nasdaq since 2010.