Regulatory press releases

On this page, you can find Byggmax’s regulatory press releases, i.e. press releases containing financial information that may affect the share price. Other press releases can be found under the heading non regulatory press releases.

3 April 2018
Long winter delays season start, impacts Byggmax Group’s sales negatively in the first quarter
Press release 2018-04-03 at 10 am
Due to the cold and long winter weather, the season for outdoor home improvement projects has started later than in at least a decade. This has impacted the consumer market and Byggmax Group’s sales negatively, and Byggmax Group’s sales for the first quarter decreased ca -15%. Byggmax has seen good sales in indoor categories, suggesting consumer interest for home improvement projects remains high. Historically, a late season start has not necessarily implied a poor sales development for the full year.
The long and cold winter has significantly delayed the start of the outdoor home improvement season. This has had a clear negative impact on the Nordic consumer market, particularly in March as the typical ramp-up into high season was postponed in line with the later arrival of spring. 

In the first quarter 2018, Byggmax Group’s sales decreased ca 15% compared to the same period last year. Sales for the Byggmax segment decreased ca 12%, and sales for Skånska Byggvaror decreased ca 36%. Skånska Byggvaror’s sales development was significantly affected by the strategic shift towards ”Garden Living” and reduced selling in less profitable categories. 

 – We have a great business, that we are improving further, but we have a seasonal business that is focused on outdoor projects and the outdoor season has started later than in over a decade, says Mattias Ankarberg, CEO of Byggmax Group. We are happy to see good sales development in indoor categories, suggesting consumer interest for home improvement projects remains high, and we look forward to the outdoor season as spring arrives.

The first quarter is the Byggmax Group’s smallest (measured by sales), representing 14% of annual sales for the last five years. A late season start has historically not necessarily implied a poor sales development for the full year. Byggmax Group does not rely on products with short life span, and a negative sales development in the first quarter does not imply a need for mark-downs and reduced gross margins in coming periods.

All numbers are preliminary and will be finalized during the normal financial reporting process. The financial report for the first quarter of 2018 will be published on April 20, 2018. 

This information is information that Byggmax Group AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of Pernilla Walfridsson, at 10:00 on April 3, 2018
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