News | Interim Report

Back

Byggmax expands in great strides

This year the company opened at total of twelve new Byggmax stores.

During the second quarter, the implementation of the strategic plan continued at a high pace, reports Byggmax. This year the company opened at total of twelve new Byggmax stores, ten Byggmax Garden departments and continued to develop its e-commerce business. The initiatives to transform Skånska Byggvaror have been executed according to plan. The new stores have, according to Byggmax, been well received and have contributed significantly positively to sales growth by the end of the quarter. "We can now also conclude that the two growth initiatives launched during summer 2017, that is a smaller format for smaller towns and the Byggmax Garden department, will be a part of Byggmax's future offer," says Mattias Ankaberg, President Byggmax Group AB.

The second quarter was, however, affected by challenging external factors. "The late start to the season had a significant negative impact on sales in April, and raw material prices for timber increased substantially during spring which affected gross margins negatively," continues Ankaberg. Byggmax Group's sales decreased by 2.5 percent in the quarter, compared to the same period last year.






|19 July 2018

SEND
 PRINT 

Post a comment

* Please complete the areas marked in red correctly and in full!.



(will not be published)

* obligatory fields


Latest news

Kesko sales in building and technical trade are declining

The Finnish Kesko Group closed the year 2018 with sales of EUR 4.2105 bn in its building and technical trade division. This is a decline of 4.8 per View news...

New experts support the Home Improvement eRetailer Summit

Four experts on e-commerce marketing and sales have agreed to join the advisory council of the Home Improvement eRetailer Summit. Scott Benedict is View news...

Eurobaustoff has got a first member in Sweden

Derome Aktiebolag is the first Swedish partner for the German building materials trade cooperative Eurobaustoff. The company has its headquarters in View news...

Kingfisher aims to remain in Germany with Screwfix

Kingfisher does not apparently intend to pull out of Germany with its Screwfix stores. A report on plans to pull out that was published by View news...

Actual figures

Statistics Home Improvement Europe


Statistics Home Improvement
This brochure provides a competent overview of the situation in the Home Improvement sector in 31 European countries.

Order now!

6th Global DIY Summit 2018

Rapid, Innovation for end user

Rapid

Innovation for the end user

More than 1 100 participants came to the 6th Global DIY Summit in Barcelona. Here are the portraits of some of the most important companies that exhibited at the International Congress Exhibition.

Gallery