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Byggmax Group AB (BMAX.ST)

BMAX.ST on Stockholm Stock Exchange

36.45SEK
17 Jul 2018
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Latest Key Developments (Source: Significant Developments)

BRIEF-Byggmax Q2 Core Earnings Falls
Monday, 16 Jul 2018 

Corrects brief headline to "falls" from "rises":Q2 NET SALES AMOUNTED TO SEK 1,731.2 M (1,775.8), DOWN 2.5 PERCENT..Q2 EBIT AMOUNTED TO SEK 126.6 M (171.8).SAYS LATE START TO SEASON HAD A SIGNIFICANT NEGATIVE IMPACT ON SALES IN APRIL, AND RAW MATERIAL PRICES FOR TIMBER INCREASED SUBSTANTIALLY DURING SPRING WHICH AFFECTED GROSS MARGIN NEGATIVELY.SAYS Q2 WAS HOWEVER AFFECTED BY CHALLENGING EXTERNAL FACTORS.SAYS INITIATIVES TO TRANSFORM SKÅNSKA BYGGVAROR ARE EXECUTED ACCORDING TO PLAN.  Full Article

Byggmax Q1 operating loss widens
Friday, 20 Apr 2018 

April 20 (Reuters) - Byggmax Group AB ::Q1 NET SALES AMOUNTED TO SEK 665.2 M (782.6), DOWN 15.0 PERCENT..Q1 GROSS MARGIN INCREASED TO 32.0 PERCENT (30.3)..Q1 EBIT AMOUNTED TO NEGATIVE SEK 98.0 M (NEG: 61.9).  Full Article

Byggmax says Skanska Byggvaror to sell Pavillon Danmark
Thursday, 1 Feb 2018 

Feb 1 (Reuters) - Byggmax ::SKÅNSKA BYGGVAROR, A PART OF BYGGMAX GROUP, EXECUTES INITIATIVE IN THE RESTRUCTURING PLAN BY ENTERING AN AGREEMENT TO DIVEST PAVILLON DANMARK A/S.SAYS ‍NON-RECURRING FINANCIAL EFFECTS COUPLED WITH THIS DIVESTITURE ARE IN LINE WITH PROVISIONS ALREADY MADE IN BYGGMAX GROUP'S FINANCIAL RESULTS FOR Q4 2017​.  Full Article

Byggmax to restructure Skånska Byggvaror, take one-off charge in Q4
Thursday, 18 Jan 2018 

Jan 18 (Reuters) - Byggmax ::GROUP RESTRUCTURES SKÅNSKA BYGGVAROR TO EXECUTE THE STRATEGY FOR PROFITABLE GROWTH.SAYS ‍RESTRUCTURING OF SKÅNSKA BYGGVAROR IMPACTS BYGGMAX GROUP'S FINANCIAL RESULTS FOR Q4 2017 WITH A NON-RECURRING COST OF CA SEK 50 MILLION, OF WHICH CA HALF IN CASH EFFECT​.SAYS ‍PAY-OFF TIME IS 2-2.5 YEARS​.SAYS ‍FOR 2018, SKÅNSKA BYGGVAROR EXPECTS DECREASED OPERATIONAL COSTS, DECREASED REVENUES AS MARKETING OF NON-CORE CATEGORIES IS REDUCED, AND TO END YEAR WITH A STRONGER, MORE PROFITABLE CORE BUSINESS​.SAYS CHANGES TO REDUCE OPERATIONAL COSTS WILL HAVE SOME IMPACT IN 2018, AND FULL IMPACT IN 2019.  Full Article

Byggmax Q3 operating profit down yr/yr​
Wednesday, 18 Oct 2017 

Oct 18 (Reuters) - Byggmax :Q3 ‍net sales amounted to SEK 1,813 mln ( 1,768 ), up 2.5 percent​.Q3 ‍net sales for comparable stores increased 1.0 percent (0.3).​.Q3 ‍EBIT amounted to SEK 221 mln (235).Says EBITDA excluding non-recurring items amounted to SEK 266 mln (269 mln) ​.Says ‍sales and profitability increased for Byggmax segment and decreased for Skanska byggvaror.Says Skanska Byggvaror’s sales development was negatively impacted by strong comparable figures and reduced investments in product development in earlier periods. September was the weakest sales month of the quarter.Says regarding Skanska Byggvaror: With reduced cost levels and a new CEO in place, we are investing in product development, further detailing the strategic plan, and expect positive financial effects over time ​.  Full Article

Oscar Tjarnberg appointed new CEO of Skånska Byggvaror
Monday, 21 Aug 2017 

Aug 21 (Reuters) - Byggmax Group AB :Oscar Tjarnberg appointed new CEO of Skånska Byggvaror.Says Tjarnberg has long and broad experience from e-commerce, and is currently CEO of Lekmer.Says current CEO Anders Johansson Eickhoff choses to leave the company after five years.Tjarnberg assumes new position on October 1, 2017. He will be a group management member in Byggmax Group. .  Full Article

Byggmax Q2 operating profit rises
Monday, 17 Jul 2017 

STOCKHOLM, July 17 (Reuters) - Byggmax :* Q2 net sales rose 2.1 pct to SEK 1,775.8 mln.* Q2 net sales for comparable stores decreased 0.3 percent.* Q2 EBIT amounted to SEK 171.8 mln (159.2).* The gross margin was 30.6 percent (29.9).* Says we expect to meet our goal to open 8 to 12 new stores in 2017, and have so far communicated locations for 10 new stores this year .  Full Article

Byggmax adjusts financial targets
Wednesday, 7 Jun 2017 

June 7 (Reuters) - Byggmax :Says updates financial targets.Says new target organic sales growth of 10-15 percent/year.Says new target EBITDA margin of 9-10 percent, to distribute at least 50 percent of net profit.Previous targets included sales growth of 15 percent per year over time including acquisitions, EBITDA margin of at least 9 percent, and to distribute at least 50 percent of net profit (unchanged).  Full Article

Byggmax Q1 operating loss widens
Monday, 24 Apr 2017 

April 24 (Reuters) - Byggmax :Q1 EBIT amounted to a negative SEK 61.9 mln (negative 57.8).Q1 net sales amounted to SEK 782.6 mln (737.9), up 6.1 percent.Net sales for comparable stores increased 0.2 percent (increased 5.3).Q1 gross margin was 30.3 percent (31.2).Says during the spring we are updating the strategic plan for Byggmax Group, and this work is proceeding as planned. We will communicate the result of this work in June .  Full Article

Byggmax appoints Mattias Ankarberg as new CEO
Thursday, 29 Sep 2016 

Byggmax Group AB : Mattias Ankarberg appointed new CEO of Byggmax Group . Ankarberg will assume the position on November 14, 2016 . Ankarberg has for the last seven years worked at H&M, most recently as global head of sales and marketing Further company coverage: [BMAX.ST] (Reporting By Anna Ringstrom) ((Anna.Ringstrom@thomsonreuters.com;)).  Full Article

CORRECTED-BRIEF-Byggmax Q2 Core Earnings Falls

* Q2 NET SALES AMOUNTED TO SEK 1,731.2 M (1,775.8), DOWN 2.5 PERCENT.