Brief: Byggmax Q3 operating profit down yr/yr

Byggmax AB

18/10/2017 07:00

Oct 18 (Reuters) - Byggmax  BMAX.ST  
    * Q3 net sales amounted to SEK 1,813 mln ( 1,768 ), up 2.5 
percent 
    * Q3 net sales for comparable stores increased 1.0 percent 
(0.3). 
    * Q3 EBIT amounted to SEK 221 mln (235) 
    * Says EBITDA excluding non-recurring items amounted to SEK 
266 mln (269 mln)  
    * Says sales and profitability increased for Byggmax 
segment and decreased for Skanska byggvaror 
    * Says Skanska Byggvaror's sales development was negatively 
impacted by strong comparable figures and reduced investments in 
product development in earlier periods. September was the 
weakest sales month of the quarter 
    * Says regarding Skanska Byggvaror: With reduced cost levels 
and a new CEO in place, we are investing in product development, 
further detailing the strategic plan, and expect positive 
financial effects over time   
 
Source text for Eikon:  ID:nWkr1tgqm5  
Further company coverage:  BMAX.ST  
 
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