Byggmax accelerated at the end of 2015

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Byggmax can look back on increased turnovers, profit and margins during the year.

The last quarter of 2015 was even more succesful – and with the new aquisitions Byggmax online sales are now 20 percent of all sales.

Byggmax’s net sales during the last quarter amounted to 839.3 MSEK (695.4), which was up 20.7 percent. Net sales for comparable stores increased by 16.4 percent
For the full year net sales amounted to 4,131.1 MSEK (3,547.2), an increase of 16.5 percent.
Net sales for comparable stores increased 12.8 percent

The profit after tax was SEK 269.41 MSEK (211.11).
Byggmax CEO Magnus Agervald says sales accelerated strongly in the fourth quarter.
”Sales through the online store increased 77 percent,and sales in stores that had converted to Byggmax 2.0 had a positive impact. The sales trend was favorable in all three countries, but the strongest increase in sales for comparable units was in Finland.”

He says the gross margin in Norway has decreased due to exchange-rate effects. In addition, Byggmax is selling more online goods with a lower gross margin than the in-store product range. But the gross margin has been impacted positively by increased volume discounts.

A total of 38 stores were converted to the Byggmax 2.0 concept during the year. Seven (seven) new stores were opened during 2015: Four in Sweden and three in Norway.

”The target for 2016 is to open 10-15 stores, but there is a risk that a heated property
market will make it difficult for us to achieve this at reasonable rental prices.

The aquisitions has changed Byggmax structure.

”If you include Buildor and Skånska Byggvaror in Byggmaxgruppen’s online sale for the fourth quarter, the share of online sales now amounts to 20 percent.

”The market trend is positive in Sweden, and the market is strong. However, the ROT deduction on building services is reduced in the beginning of 2016, meaning that it will be more expensive to buy such services, and it will impact the market negatively. The market is growing in Norway while declining in Finland.”