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
· Gross profit increased 40.0 percent to
· Adjusted EBIT amounted to
· Operating income amounted to
· Cash flow from operating activities amounted to
· Net income amounted to
· Earnings per share amounted to
Key events during and after the quarter
· Acquisition of
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
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
CONTACT INFORMATION
For further information, visit www.wearebhg.com or contact:
adam.schatz@bygghemmagroup.se
+46 (0) 709-32 43 00
Jesper Flemme, Acting CFO
jesper.flemme@bygghemmagroup.se
+46 (0) 720-80 25 69
johan.hahnel@bygghemmagroup.se
+46 (0)70-605 63 34
CONFERENCE CALL IN CONNECTION WITH PUBLICATION OF THE QUARTERLY REPORT
On Thursday, 23 April at
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 +46 (0)8 505 583 51 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
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,
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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