Brief: Byggmax Q2 Core Earnings Rises

Byggmax AB

16/07/2018 07:04

July 16 (Reuters) - Byggmax Group AB  BMAX.ST :
    * Q2 NET SALES AMOUNTED TO SEK 1,731.2 M (1,775.8), DOWN 2.5
PERCENT.
    * Q2 EBIT AMOUNTED TO SEK 126.6 M (171.8)
    * SAYS LATE START TO SEASON HAD A SIGNIFICANT NEGATIVE
IMPACT ON
SALES IN APRIL, AND RAW MATERIAL PRICES FOR TIMBER INCREASED
SUBSTANTIALLY DURING SPRING WHICH AFFECTED GROSS MARGIN
NEGATIVELY
    * SAYS Q2 WAS HOWEVER AFFECTED BY CHALLENGING EXTERNAL
FACTORS
    * SAYS INITIATIVES TO TRANSFORM SKÅNSKA BYGGVAROR ARE
EXECUTED
ACCORDING TO PLAN

Source text for Eikon:  ID:nWkr2SCSJG 
Further company coverage:  BMAX.ST 

 (Reporting By Stockholm newsroom)
 ((Stockholm.newsroom@thomsonreuters.com;))