Sweden's Byggmax Q3 sales and profit rise
Overview
Nordic building materials retailer's Q3 net sales rose 7.1% yr/yr
Q3 operating profit increased to SEK 292 mln from SEK 258 mln
Company says increased sales drove improved profitability in Q3
Outlook
Byggmax plans to increase commercial focus to drive continued profitable growth
Company aims to win more customers through increased commercial initiatives
Result Drivers
SALES GROWTH - Co said higher sales, including positive currency effects, contributed to improved profitability
LIKE-FOR-LIKE SALES - Co reported 5.1% increase in like-for-like sales
Company press release:
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Sales | Beat | SEK 2.09 bln | SEK 2.03 bln (2 Analysts) |
Q3 EBIT | SEK 292 mln |
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(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.)