Brief: Byggmax Expects Q2 EBITA Of SEK 450-460 Mln

Byggmax AB

05/07/2021 07:38

July 5 (Reuters) - Byggmax Group AB  BMAX.ST :
    * RESULTS FOR BYGGMAX GROUP'S SECOND QUARTER 2021
SIGNIFICANTLY
ABOVE MARKET EXPECTATIONS
    * SALES FOR Q2 2021 IS EXPECTED TO INCREASE 13% TO JUST OVER
SEK
2.8 BILLION, DRIVEN BY BOTH A STRONG MARKET AND STRONGLY
PERFORMING INITIATIVES FOR ORGANIC GROWTH
    * INCREASED RAW MATERIAL PRICES HAVE LED TO INCREASED
CONSUMER
PRICES AND IMPACTED BOTH SALES AND GROSS MARGIN POSITIVELY
    * BYGGMAX ALSO BENEFITS FROM LEADING LOW PRICE POSITION WITH
LOWEST PRICES IN MARKET, AND IS SEEING MORE CUSTOMERS CHOSE
BYGGMAX WHEN MARKET PRICES ARE INCREASING.
    * OPERATING PROFIT FOR Q2 2021 MEASURED AS EBITA IS EXPECTED
TO BE
CA SEK 450-460M.

Source text for Eikon:  ID:nWkr6jHnMX 
Further company coverage:  BMAX.ST 

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