In a detailed commentary, president Mattias Ankarberg writes: "The quarterly sales growth of 23 per cent was driven by three factors with largely equal impact: good market growth throughout the quarter, own initiatives to drive organic sales, and an additional 'stay at home effect' that further boosted demand during the second half of March. E-commerce continues to be a strength for our Group, and the online share of sales amounted to 18 percent."
The company believes that the Nordic consumer market for building materials increased strongly in the first quarter, probably by around 10 to 15 per cent, with a larger increase for outdoor products.