Byggmax Group AB Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
October 20, 2022 at 02:00 am EDT
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Byggmax Group AB (publ) reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was SEK 2,273 million compared to SEK 2,400 million a year ago. Revenue was SEK 2,281 million compared to SEK 2,406 million a year ago. Net income was SEK 214 million compared to SEK 306 million a year ago. Basic earnings per share from continuing operations was SEK 3.65 compared to SEK 5.02 a year ago. Diluted earnings per share from continuing operations was SEK 3.65 compared to SEK 5 a year ago.
For the nine months, sales was SEK 6,089 million compared to SEK 6,344 million a year ago. Revenue was SEK 6,116 million compared to SEK 6,360 million a year ago. Net income was SEK 373 million compared to SEK 643 million a year ago. Basic earnings per share from continuing operations was SEK 6.37 compared to SEK 10.55 a year ago. Diluted earnings per share from continuing operations was SEK 6.37 compared to SEK 10.5 a year ago.
Byggmax Group AB is a Sweden-based company active within the construction materials retail sector. The Company is engaged in the discount retail of construction materials in the Nordic do-it-yourself (DIY) market. Its offering includes basic construction materials, such as wood, stone and concrete, isolation materials, doors, windows, flooring, paints and coatings, tools, screws, bolts, basic electrical and ventilation materials, kitchen and toilet fittings, as well as wooden cottage sets. The Company operates Byggmax Norge and Byggmax AB Finland as subsidiaries responsible for retail sails in Norway and Finland, as well as Buildor AB and Skanska Byggvaror as wholly owned subsidiaries. Its largest shareholder is Altor 2003 Sarl, which holds 35.76% of the Companyâs shares. The Company operates 67 stores across Sweden.
BYGGMAX GROUP AB 
