Byggmax Group AB Reports Consolidated and Parent Earnings Results for the Year Ended December 31, 2016
January 24, 2017 at 02:00 am
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Byggmax Group AB (publ) reported consolidated and parent earnings results for the year ended December 31, 2016. For the quarter, on consolidated basis, the company's net sales were SEK 974.9 million compared to SEK 839.3 million a year ago. Total operating income was SEK 1,041.8 million compared to SEK 842.0 million a year ago. EBIT was SEK 55.2 million compared to SEK 35.5 million a year ago. EBITDA was SEK 94.1 million compared to SEK 58 million a year ago. Profit before tax was SEK 52.4 million compared to SEK 29.4 million a year ago. Profit was SEK 56.8 million compared to SEK 26.3 million a year ago. Earnings per share after dilution was SEK 0.9 compared to SEK 0.4 a year ago. Cash used in operating activities was SEK 249.7 million compared to SEK 276.6 million a year ago. Investment in intangible fixed assets was SEK 5.9 million compared to SEK 9.0 million a year ago. Investment in tangible fixed assets was SEK 15.6 million compared to SEK 27.4 million a year ago. Return on equity was 4.4% compared to 2.3% a year ago.
For the year, on consolidated basis, the company's net sales were SEK 5,219.3 million compared to SEK 4,131.1 million a year ago. Total operating income was SEK 5,348.0 million compared to SEK 4,141.1 million a year ago. EBIT was SEK 391.8 million compared to SEK 331.7 million a year ago. Profit before tax was SEK 350.3 million compared to SEK 334.1 million a year ago. Profit was SEK 284.6 million compared to SEK 259.8 million a year ago. Earnings per share after dilution was SEK 4.6 compared to SEK 4.2 a year ago. Cash flow from operating activities was SEK 335.5 million compared to SEK 491.9 million a year ago. Investment in intangible fixed assets was SEK 22.4 million compared to SEK 22.8 million a year ago. Investment in tangible fixed assets was SEK 149.1 million compared to SEK 141.4 million a year ago.
For the quarter, on parent basis, the company's total operating income was SEK 0.1 million compared to SEK 0.1 million a year ago. LBIT was SEK 2.4 million compared to SEK 11.7 million a year ago. Profit before tax was SEK 157.8 million compared to SEK 138.3 million a year ago. Profit was SEK 153.8 million compared to SEK 136.6 million a year ago.
For the year, on parent basis, the company's total operating income was SEK 0.3 million compared to SEK 0.3 million a year ago. LBIT was SEK 8.3 million compared to SEK 16.3 million a year ago. Profit before tax was SEK 139.7 million compared to SEK 130.4 million a year ago. Profit was SEK 139.7 million compared to SEK 130.4 million a year ago.
Byggmax Group AB is a Sweden-based company active within the construction materials retail sector. The Company is engaged in the discount retail of construction materials in the Nordic do-it-yourself (DIY) market. Its offering includes basic construction materials, such as wood, stone and concrete, isolation materials, doors, windows, flooring, paints and coatings, tools, screws, bolts, basic electrical and ventilation materials, kitchen and toilet fittings, as well as wooden cottage sets. The Company operates Byggmax Norge and Byggmax AB Finland as subsidiaries responsible for retail sails in Norway and Finland, as well as Buildor AB and Skanska Byggvaror as wholly owned subsidiaries. Its largest shareholder is Altor 2003 Sarl, which holds 35.76% of the Companyâs shares. The Company operates 67 stores across Sweden.