Byggmax Group AB Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
January 31, 2024 at 02:00 am EST
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Byggmax Group AB (publ) reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was SEK 998 million compared to SEK 1,170 million a year ago. Revenue was SEK 1,009 million compared to SEK 1,182 million a year ago. Net loss was SEK 97 million compared to SEK 60 million a year ago. Basic loss per share from continuing operations was SEK 1.65 compared to SEK 1.03 a year ago. Diluted loss per share from continuing operations was SEK 1.65 compared to SEK 1.03 a year ago.
For the full year, sales was SEK 6,113 million compared to SEK 7,260 million a year ago. Revenue was SEK 6,152 million compared to SEK 7,298 million a year ago. Net income was SEK 26 million compared to SEK 313 million a year ago. Basic earnings per share from continuing operations was SEK 0.44 compared to SEK 5.34 a year ago. Diluted earnings per share from continuing operations was SEK 0.44 compared to SEK 5.32 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 
