Lower costs and strengthened balance sheet in a weak market
As expected, the last quarter of 2023, continued with a weak consumer market, where building materials were particularly hard affected. As a leading low price retailer,
"During 2023, we have reduced our costs by 10 percent, reduced inventories and adjusted investment activity.
Summary of the fourth quarter of 2023
- Net sales amounted to
SEK 998 M (1,170), representing a decrease of 14.8 percent. - The Group's currency adjusted like-for-like sales decreased by 14.9 percent.
- The gross margin was 34.5 percent (35.2).
-
EBITA amounted to
SEK -77 M (-28), with an EBITA margin of -7.7 percent (-2.4). -
EBIT amounted to
SEK -91 M (-42), with an EBIT margin of -9.1 percent (-3.6). -
Net profit for the period amounted to
SEK -97 M (-60). -
Earnings per share totalled
SEK -1.65 (-1.03). -
Cash flow from operating activities amounts to
SEK -189 M (-127). - Zero (four) store opened during the period and zero (zero) were closed.
Byggmax Group has signed a three-year revolving credit facility ofSEK 1,000 M with DNB andHandelsbanken .-
The Board of Directors propose a dividend for 2023 of
SEK 0.50 (0.00) per share
This is information that
For further information, please contact:
Helena Nathhorst, CFO
Mobile: +46 76 119 00 40
E-mail: helena.nathhorst@byggmax.se
Mobile: +46 76 119 01 84
E-mail: karl.sandlund@byggmax.se
About
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