Interim Report Byggmax Group January 1 - March 31, 2023
Soft start, awaiting spring
Summary 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 to SEK -98 M (257).
• Two (two) stores opened during the period.
• The annual general meeting will be held on May 5, 2023, to resolve, among other things, on the board’s
recommendation for resolution on distribution of profits and ask the annual general meeting for authorization
allowing buy back of own shares in the period to the 2024 annual general meeting.
• Karl Sandlund appointed new President and CEO of Byggmax Group AB (publ). Mattias Ankarberg, current
President and CEO of Byggmax Group informed the Board of Directors in February that he has decided to
leave the company. Karl Sandlund will take up his position as President and CEO July 1, 2023.
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 April 25, 2023 at 8 am.
For further information, please contact:
Helena Nathhorst, CFO
Mobile: +46 76119 00 40
E-mail: helena.nathhorst@byggmax.se
Mattias Ankarberg, CEO Byggmax Group
Mobile: +46 76119 09 85
E-mail: mattias.ankarberg@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.