Strong start to the year
During the Covid-19 pandemic our top priority has been health and safety of our colleagues and customers. We have in parallel continued to execute our agenda for profitable growth and experienced unusually strong market growth.
Summary of the first quarter 2020
• Net sales increased to SEK 879 M (715), representing growth of 22.9 percent.
• The Group’s like-for-like sales increased 20.7 percent calculated in local currency.
• The gross margin was 32.7 percent (33.4).
• EBITA amounted to SEK -51 M (-78), with an EBITA margin of -5.8 percent (-10.9).
• EBIT amounted to SEK -61 M (-88), with an EBIT margin of -7.0 percent (-12.3).
• Net loss for the period amounted to SEK -58 M (-81).
• Earnings per share totaled to a SEK -0.95 (-1.33).
• Cash flow from operating activities increased to SEK 220 M (-27).
• The covid -19 virus has tragic and challenging effects on our society, however the financial impact on Byggmax Group in the first quarter has been positive.
• Byggmax ranked as most sustainable DIY brand in Sweden by Sustainable Brand Index.
This information is information that Byggmax Group AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. This information was submitted for publication on April 21, 2020 at 8 a.m.
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 Group consists of Byggmax, Skånska Byggvaror, and Buildor. For 2019, the Group’s net sales was SEK 5.3 billion. Byggmax Group is listed on Nasdaq since 2010.
Byggmax was founded in 1993 and currently operates 109 stores in Sweden, 42 in Norway and 10 in Finland and e-commerce in all three countries. Byggmax online offer consists of both the complete store assortment as well as an extensive range of online-exclusive products. Since the very beginning, Byggmax business concept has been discount DIY retailing, being the best price DIY retailer for consumers in need of high-quality construction materials. Byggmax stores are located close to the customers homes and are equipped with a drive-in system enabling easy shopping, including the loading of products directly onto the customers vehicles. During the past years, Byggmax Group has acquired Skånska Byggvaror Group and Buildor AB. Skånska Byggvaror is a distance and e-commerce retailer of building projects and materials, with strong offers in e.g., conservatories and green houses. Skånska Byggvaror operates in Sweden and Norway and online and with a number of showroom stores. Buildor is a fast growing e-commerce retailer of home improvement products.