Interim Report Byggmax Group 1 January - 30 June, 2024
Improved profitability and strengthened balance sheet
”Byggmax deliver improved profitability and strengthened balance sheet during the important second quarter despite a continued cautious market. This year’s focus on ensuring efficient operations and reducing net debt have a significant impact. At the same time, work to further improve the customer offering continues.”
Karl Sandlund, President and CEO
The second quarter of 2024
- Net sales amounted to SEK 2,082 M (2,203), a decrease of 5.5 percent.
- Exchange rate effects had a positive impact on net sales of 0.2 percent. The Group’s like-for-like sales decreased by 6.7 percent.
- The comparable costs, i.e. costs excluding new and closed stores, decreased SEK 30 M (59).
- EBITA amounted to SEK 184 M (172), an EBITA-margin of 8.8 percent (7.8).
- Two (four) stores opened in Sweden and Norway during the period.
- Byggmax Group communicated updated financial targets on May 29, 2024.
This is information that Byggmax Group AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Market Act. The information was submitted for publication on July 12, 2024 at 8 a.m CET.