Improved profitability in the third quarter
"Byggmax continued to improve profitability during the third quarter. With strong focus on efficient operations in combination with continuous development of the customer offering, we have both increased profits and strengthened the balance sheet. We have demonstrated our ability to improve earnings in a cautious market, which strengthens us in our work towards our long-term goals."
Karl Sandlund, President and CEO
The third quarter 2024
- Net sales amounted to SEK 1,965 M (1,960), an increase of 0.3 percent.
- Exchange rate effects had a negative impact on net sales of 1.3 percent. The Group's like-for-like sales increased by 1.3 percent.
- The comparable costs, i.e. costs excluding new and closed stores, decreased SEK 5 M (68).
- EBITA amounted to SEK 249 M (210), an EBITA-margin of 12.7 percent (10.7).
- Zero (one) stores opened and one (two) were closed 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 October 25, 2024 at 07:45 am CET.
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 212 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.
