Sweden · Delayed Price · Currency is SEK Byggmax Group AB Earnings Call Transcripts
Fiscal Year 2026
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Q1 2026 sales declined 5% year-over-year due to cold weather, but gross margin and cost control kept operating profit nearly flat. Net debt/EBITDA improved to 1.1x, and the company is well positioned for the high season amid cautious but recovering consumer sentiment.
Fiscal Year 2025
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Profitability and financial position improved in 2025, with EBITDA margin up to 5.9% and EPS nearly tripled year-over-year. Disciplined cost control, refined e-commerce, and strong operational execution drove results, while a higher dividend is proposed.
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Profitability improved for the sixth consecutive quarter, with a record gross margin and reduced net debt, despite a 0.8% year-over-year sales decline. Operational efficiency, e-comm refinement, and a strong product mix drove results, while the market remains weak and volatile.
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Q2 2025 saw 7.3% like-for-like sales growth and a 2-point EBITDA margin increase to 10.8%, driven by strong operational execution, early supplier payments, and e-commerce improvements. Net debt/EBITDA fell to 0.8, and the outlook remains cautious but positive amid macro recovery.
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Sales grew 7.2% year-over-year in Q1 2025, with improved profitability and a strong gross margin driven by higher demand for large indoor projects and operational efficiencies. Net debt to EBITDA fell to 1.8x, and the company is well positioned for the high season.
Fiscal Year 2024
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Q4 2024 saw a 7.6% sales increase and improved profitability, despite full-year sales declining 2% due to a weak first half. Strong cash flow, reduced net debt, and a higher dividend highlight financial strength, while operational efficiency and commercial investments position the company for future growth.
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Profitability and EBITDA improved in Q3 2024, driven by cost control, margin gains, and strong performance in Sweden. Net debt was reduced, cash flow remained robust, and operational efficiency initiatives continued, positioning the company for future growth.
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Profitability improved in Q2 2024 with EBITA margin rising to 8.8% despite a 5.5% sales decline, driven by cost control, strong gross margin, and reduced net debt. Demand for smaller project categories was robust, while large renovation projects remained weak.