Byggmax reports super quarter sales

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As previously announced, the buildingware discount chain Byggmax’ sales in the second quarter was unusually high. Net sales were up 13.9 percent – 10.3 percent for comparable stores.

Q2 started in a moderate speed. April was the weakest month of the quarter – but after that the sales accelerated.

”Online sales increased 52 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, with the strongest like for like sales growth in Finland and Norway,” comments CEO and President Magnus Agervald.

”Stores that have converted to Byggmax 2.0 have a higher gross margin than those that have not converted, while we are selling more online goods with a lower gross margin.”

 

Earnings overview

April-June

January-June

12 months

Full- year

2015

2014

2015

2014

Jul 1, 2014 – Jun 30, 2015

2014

Net sales, SEK M

1,294.6

1,136.7

1,864.6

1,623.7

3,788.1

3,547.2

Gross margin, percent

29.3

28.9

30.2

30.5

30.9

31.1

EBIT, SEK M

130.8

95.1

114.7

83.9

327.6

296.8

EBIT margin, percent

10.1

8.4

6.2

5.2

8.6

8.4

Profit after tax, SEK M

97.4

71.4

80.5

57.4

241.1

217.9

Earnings per share, SEK

1.6

1.2

1.3

0.9

4.0

3.6

Return on equity, percent

9.7

7.7

7.7

6.2

24.2

21.6

Cash flow from operating activities per share, SEK

7.9

6.6

9.4

7.3

7.2

5.1

Shareholders’ equity per share, SEK

16.0

14.6

16.0

14.6

16.0

17.2

Numbers of stores at the end of the period

117

110

117

110

117

112

New stores opened during the period

4

3

5

5

7

7