Interim report: 1 January-31 March 2020

Accelerating growth
- Organic growth at 22.1 percent and highest first quarter EBIT and EBIT-margin to date

Highlights

· Net sales increased 33.5 percent to SEK 1,628.4 million (1,220.1). Organic growth amounted to 22.1 percent
· Gross profit increased 40.0 percent to SEK 420.5 million (300.4), with a gross margin of 25.8 percent (24.6)
· Adjusted EBIT amounted to SEK 80.0 million (55.3), corresponding to an adjusted EBIT margin of 4.9 percent (4.5)
· Operating income amounted to SEK 69.2 million (38.3), corresponding to an operating margin of 4.2 percent (3.1)
· Cash flow from operating activities amounted to SEK 148.3 million (52.2)
· Net income amounted to SEK 46.2 million (22.1), an increase of 108.7 percent on the prior year
· Earnings per share amounted to SEK 0.43 (0.20) before dilution and SEK 0.43 (0.20) after dilution

Key events during and after the quarter

· Acquisition of Hemfint AB on 17 February, further boosting the Group's
private label offering
· Launch of a new corporate identity on 6 April under the new brand name
BHG, including a new web and social media presence, and internal and external
communication materials

This information is information that Bygghemma Group First AB is obliged to
make public pursuant to the EU Market Abuse Regulation. The information was
submitted for publication, through the agency of the contact persons set out
below, at 7:00 a.m. CEST on 23 April 2020.
 
CONTACT INFORMATION
 
For further information, visit www.wearebhg.com or contact:    
Adam Schatz, President and CEO
[e-mail]
[phone]
 
Jesper Flemme, Acting CFO
[e-mail]
[phone]    
            
Johan Hähnel, Head of Investor Relations
[e-mail]
[phone]    
CONFERENCE CALL IN CONNECTION WITH PUBLICATION OF THE QUARTERLY REPORT
On Thursday, 23 April at 10:00 a.m. CEST, Adam Schatz, President and CEO, and
Jesper Flemme, Acting CFO, will hold a conference call concerning the
publication of the Q1 report. The call will be held in English. To
participate, please call [phone]  or go to the weblink
https://tv.streamfabriken.com/bygghemma-group-q1-2020
The presentation is available from the Group's website:
https://www.wearebhg.com/investors/presentations/

  
About THE GROUP
BHG is the number 1 consumer e-commerce company in the Nordics. We're also
present in most of Eastern and Central Europe. Our strong position in these
markets makes us the largest European pure-play within the Home improvement
space, meaning Do-It-Yourself and Home furnishings. With an ecosystem of
online stores, supported by physical destinations and services, such as last
-mile deliveries and installation, we offer the market's leading range of well
-known external and strong own brands, totalling over 800,000 unique products
and encompassing a complete offering within DIY, leisure, furniture and
furnishings.
The Group includes over 85 online destinations - including sites
like www.bygghemma.se, www.trademax.se,
www.chilli.se and www.furniturebox.se - and over 70 showrooms. We are
headquartered in Malmö, Sweden, with operations throughout Europe. Our share
is traded on Nasdaq Stockholm, under the ticker `BHG`.
 
The BHG brands employ more than 1,500 people, working every day to create the
ultimate online shopping experience by combining an unbeatable product range
with smart technology, leading product expertise and a broad range of
services.

https://news.cision.com/bygghemma-group-first-ab/r/interim-report--1-january-31-march-2020,c3094802

https://mb.cision.com/Main/16507/3094802/1234276.pdf

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