BHG Group AB Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
July 20, 2023 at 01:00 am EDT
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BHG 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 3,482.1 million compared to SEK 3,908.5 million a year ago. Revenue was SEK 3,490.9 million compared to SEK 3,908.6 million a year ago. Net income was SEK 21.8 million compared to SEK 191 million a year ago. Basic earnings per share from continuing operations was SEK 0.12 compared to SEK 1.44 a year ago. Diluted earnings per share from continuing operations was SEK 0.12 compared to SEK 1.43 a year ago.
For the six months, sales was SEK 6,099.6 million compared to SEK 7,019.1 million a year ago. Revenue was SEK 6,109.8 million compared to SEK 7,034.7 million a year ago. Net loss was SEK 96.1 million compared to net income of SEK 300.8 million a year ago. Basic loss per share from continuing operations was SEK 0.54 compared to basic earnings per share from continuing operations of SEK 2.34 a year ago. Diluted loss per share from continuing operations was SEK 0.54 compared to diluted earnings per share from continuing operations of SEK 2.33 a year ago.
BHG Group AB, formerly Bygghemma Group First AB, is a Sweden-based online provider of home improvement products. The Companyâs operations comprise two segments: DIY and Home furnishing. The DIY segment includes do it yourself products for home and garden improvement. It comprises such online stores as bygghemma.se, netrauta.fi, taloon.com, frishop.dk, badshop.se, talotarvike.com, stonefactory.se, golvpoolen.se, lindstromsbad.se, vitvaruexperten.se, tvexperten.se, among others, as well as showrooms. The Home furnishing segment sells furniture and decor. It includes such online stores as trademax.se, chilli.se, kodin.fi, furniturebox.se, myhomemobler.dk and wegot.se, among others, as well as showrooms. The Company operates in Sweden, Finland, Norway and Denmark.
BHG GROUP AB 
