Byggmax Group AB Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
July 14, 2023 at 02:00 am EDT
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Byggmax Group AB (publ) reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was SEK 2,203 million compared to SEK 2,546 million a year ago. Revenue was SEK 2,207 million compared to SEK 2,553 million a year ago. Net income was SEK 117 million compared to SEK 182 million a year ago. Basic earnings per share from continuing operations was SEK 2 compared to SEK 3.11 a year ago. Diluted earnings per share from continuing operations was SEK 2 compared to SEK 3.1 a year ago.
For the six months, sales was SEK 3,155 million compared to SEK 3,817 million a year ago. Revenue was SEK 3,170 million compared to SEK 3,835 million a year ago. Net loss was SEK 15 million compared to net income of SEK 159 million a year ago. Basic loss per share from continuing operations was SEK 0.26 compared to basic earnings per share from continuing operations of SEK 2.72 a year ago. Diluted loss per share from continuing operations was SEK 0.26 compared to diluted earnings per share from continuing operations of SEK 2.71 a year ago.
Byggmax Group AB is a Sweden-based company active within the construction materials retail sector. The Company is engaged in the discount retail of construction materials in the Nordic do-it-yourself (DIY) market. Its offering includes basic construction materials, such as wood, stone and concrete, isolation materials, doors, windows, flooring, paints and coatings, tools, screws, bolts, basic electrical and ventilation materials, kitchen and toilet fittings, as well as wooden cottage sets. The Company operates Byggmax Norge and Byggmax AB Finland as subsidiaries responsible for retail sails in Norway and Finland, as well as Buildor AB and Skanska Byggvaror as wholly owned subsidiaries. Its largest shareholder is Altor 2003 Sarl, which holds 35.76% of the Companyâs shares. The Company operates 67 stores across Sweden.
BYGGMAX GROUP AB 
