Brief: Byggmax Q3 profit down as comparable store sales fall sharply

Byggmax AB

18/10/2018 07:03

Oct 18 (Reuters) - Byggmax Group AB  BMAX.ST :
    * Q3 NET SALES AMOUNTED TO SEK 1,712.7 M (1,812.8), DOWN 5,5
PERCENT
    * Q3 NET SALES FOR COMPARABLE STORES DECREASED 12.6 PERCENT
(+1.0)
    * Q3 EBIT AMOUNTED TO SEK 175.8 M (221.0)
    * SAYS QUARTER WAS  AFFECTED BY CHALLENGING EXTERNAL FACTORS
    * SAYS SALES TREND WAS NEGATIVELY AFFECTED BY HOT SUMMER,
AND
INCREASED RAW MATERIAL PRICES FOR TIMBER CONTINUED TO NEGATIVELY
IMPACT GROSS MARGIN
    * SAYS SALES TREND WAS ALSO NEGATIVELY IMPACTED BY CHOICE TO
DECREASE UNPROFITABLE SALES IN SKÅNSKA BYGGVAROR

Source text for Eikon:  ID:nWkr1hjBvd 
Further company coverage:  BMAX.ST 

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