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 CEO

The first quarter of 2024

• Net sales amounted to SEK 866 M (952), representing a decrease of 9.0 percent.
• Exchange rate effects had a negative impact on net sales of 0.5 percent. The Group’s like-for-like sales decreased by 9.1 percent.
• The comparable costs, i.e. costs excluding new and closed stores, decreased SEK 32 M (25).
• EBITA amounted to SEK -148 M (-125), with an EBITA margin of -17.1 percent (-13.2).
• Two (two) stores opened in Sweden during the period.

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 23 April, 2024 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 209 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 2023 was SEK 6.1 billion and the corporate group is listed on Nasdaq since 2010.