Byggmax Group AB Reports Consolidated and Company Financial Results for the Fourth Quarter and Full Year Ended December 31, 2013
January 24, 2014 at 06:30 am EST
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Byggmax Group AB (publ) reported consolidated and company financial results for the fourth quarter and full year ended December 31, 2013. For the quarter, on consolidated basis, the company reported net sales of SEK 633.2 million against SEK 587.9 million a year ago. EBIT was SEK 34.2 million against SEK 35.8 million a year ago. Profit before tax was SEK 30.6 million against SEK 32.1 million a year ago. Profit for the period was SEK 25.9 million against SEK 36.2 million a year ago. Earnings per share before and after dilution were SEK 0.4 against SEK 0.6 a year ago. Cash flow used in operating activities was SEK 167.6 million against SEK 132.2 million a year ago. Investment in intangible fixed assets was SEK 2.5 million against SEK 3.4 million a year ago. Investment in tangible fixed assets was SEK 12.3 million against SEK 4.9 million a year ago. Return on equity was 2.7% against 4.0% a year ago.
For the year, on consolidated basis, the company reported net sales of SEK 3,216.4 million against SEK 3,090.4 million a year ago. EBIT was SEK 246.7 million against SEK 252.2 million a year ago. Profit before tax was SEK 237.9 million against SEK 231.5 million a year ago. Profit for the period was SEK 184.0 million against SEK 179.8 million a year ago. Earnings per share before and after dilution were SEK 3.0 against SEK 3.0 a year ago. Cash flow from operating activities was SEK 192.5 million against SEK 220.5 million a year ago. Investment in intangible fixed assets was SEK 12.3 million against SEK 14.3 million a year ago. Investment in tangible fixed assets was SEK 82.3 million against SEK 50.6 million a year ago. Return on equity was 19.5% against 20.4% a year ago.
For the quarter, on company basis, the company reported total operating income of SEK 0.1 million against SEK 0.1 million a year ago. LBIT was SEK 1.2 million against SEK 1.1 million a year ago. Profit before financial items was SEK 12.7 million against SEK 14.0 million a year ago. Profit before tax was SEK 11.5 million against SEK 12.9 million a year ago. Profit for the period was SEK 9.0 million against SEK 10.0 million a year ago.
For the year, on company basis, the company reported total operating income of SEK 0.3 million against SEK 0.3 million a year ago. LBIT was SEK 4.1 million against SEK 4.3 million a year ago. Profit before financial items was SEK 4.1 million against SEK 6.2 million 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 
