Year-end report January - December 2018

During the fourth quarter, the strategic plan continued to be implemented at a high pace and sales and profitability increased year-on-year. The Group’s sales increased 5.1 percent driven by the Byggmax segment. Profitability measured as EBITDA excluding non-recurring items increased to SEK 27.5 M, compared with SEK 22.1 M for the year-earlier period.

Sales for the Byggmax segment increased 9.7 percent year-on-year, driven by strategic growth initiatives. In 2018, we opened 18 new Byggmax stores, 12 Garden concepts, and continued to develop our e-commerce. Byggmax’s sales were also positively affected by the consumer market’s return to modest growth.

For Skånska Byggvaror, the fourth quarter meant the end of a transformation year towards a more focused and modern leader in Garden Living. EBITDA excluding non-recurring items improved marginally in the fourth quarter. In the second half of the year, the EBITDA margin excluding non-recurring items increased to 5.5 percent compared with 0.6 percent last year and the goal of ending the year as a smaller, more profitable, company was achieved.

October 1 – December 31

• Net sales amounted to SEK 998.6 M (950.2), up 5,1 percent.

  • Net sales for comparable stores decreased -3,9 percent (down: 1.9). Sales in the Byggmax segment for comparable stores increased.

• The gross margin increased to 31.3 percent (31.1).

  • EBITDA amounted to SEK 27.5 M (-1.9). EBITDA excluding non-recurring items amounted to SEK 27.5 M (22.1).

  • EBITDA margin was 2.8 percent (-0.2) . EBITDA margin excluding non-recurring items was 2.8 percent (2.3).

  • EBIT amounted to SEK -16.3 M (-59.0).

  • Profit after tax was SEK -14.4 M (Loss: 58,3).

  • Earnings per share totaled SEK -0.2 (-1.0).

January 1 – December 31

• Net sales amounted to SEK 5,107.8 M (5,321.4), down 4.0 percent.

  • Net sales for comparable stores decreased 4.0 percent (down: 0.1).

  • The gross margin decreased to 30.8 percent (31.0).

  • EBITDA amounted to SEK 356.1 M (444.9). EBITDA excluding non-recurring items amounted to SEK 346.2 M (474.8).

  • EBITDA margin was 7.0 percent (8.4). EBITDA margin excluding non-recurring items was 6.8 percent (8.9).

  • EBIT amounted to SEK 188.1 M (271.9). 

 • Profit after tax was SEK 137.6 M (194.6).

  • Earnings per share totaled SEK 2.3 (3.2).

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