Sweden's Byggmax Q1 net sales fall 5.3% on weather, exchange rate impact

Byggmax AB

17/04/2026 06:54

Overview

Nordic building materials retailer's Q1 net sales fell 5.3% yr/yr due to cold weather

Q1 EBIT loss widened slightly to SEK -127 mln from SEK -123 mln yr/yr

Company says strong financial position and inventories prepare it for high season

Outlook

Company says it is well prepared for the upcoming high season with strong inventories

Result Drivers

COLD WEATHER - Company said cold weather in February delayed the seasonal ramp-up and affected sales

EXCHANGE RATE EFFECTS - Negative exchange rate effects contributed to the decline in net sales

Company press release: ID:nWkrbYlfgY

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
SEK 880 mln
SEK 927.5 mln (2 Analysts)
Q1 EBIT
-SEK 127 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the home improvement products & services retailers peer group is "buy."

Wall Street's median 12-month price target for Byggmax Group AB is SEK55.00, about 1.3% below its April 16 closing price of SEK55.70

The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 14 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)