Brief: Byggmax to restructure Skånska Byggvaror, take one-off charge in Q4

Byggmax AB

18/01/2018 12:00

Jan 18 (Reuters) - Byggmax  BMAX.ST : 
    * GROUP RESTRUCTURES SKÅNSKA BYGGVAROR TO EXECUTE THE 
STRATEGY FOR 
PROFITABLE GROWTH 
    * SAYS RESTRUCTURING OF SKÅNSKA BYGGVAROR IMPACTS BYGGMAX 
GROUP'S 
FINANCIAL RESULTS FOR Q4 2017 WITH A NON-RECURRING COST OF CA 
SEK 50 MILLION, OF WHICH CA HALF IN CASH EFFECT 
    * SAYS PAY-OFF TIME IS 2-2.5 YEARS 
    * SAYS FOR 2018, SKÅNSKA BYGGVAROR EXPECTS DECREASED 
OPERATIONAL 
COSTS, DECREASED REVENUES AS MARKETING OF NON-CORE CATEGORIES IS 
REDUCED, AND TO END YEAR WITH A STRONGER, MORE PROFITABLE CORE 
BUSINESS 
    * SAYS CHANGES TO REDUCE OPERATIONAL COSTS WILL HAVE SOME 
IMPACT 
IN 2018, AND FULL IMPACT IN 2019 
 
Source text for Eikon:  ID:nWkr7XxhlV  
Further company coverage:  BMAX.ST  
 
 ((niklas.pollard@thomsonreuters.com;))