Year-End Report Byggmax Group January 1 - December 31, 2022
Stronger position in a tough market
Summary of the fourth quarter of 2022
• Net sales amounted to SEK 1,170 M (1,301), representing a decrease of 10.0 percent.
• The Group’s currency adjusted like-for-like sales decreased by 15.2 percent.
• The gross margin was 35.2 percent (34.8).
• EBITA amounted to SEK -28 M (25), with an EBITA margin of -2.4 percent (1.9).
• EBIT amounted to SEK -42 M (12), with an EBIT margin of -3.6 percent (0.9).
• Net profit for the period amounted to SEK -60 M (-22).
• Earnings per share totaled SEK 1.03 (-0.37).
• Cash flow from operating activities amounts to SEK -127 M (-109).
• Four (one) store opened during the period.
• Byggmax Group has signed a SEK 500 M sustainability-linked revolving credit facility with Handelsbanken.
• Given both low visibility on demand for larger renovation projects and many opportunities for add-on acquisitions, the board has chosen to recommend to not pay any dividend for 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 January 31, 2023 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 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.