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12 May 2017

In the first quarter of 2017, the Swedish DIY chain Byggmax increased its sales by 6.1% compared with the same period in the previous year to SEK 782.6m. Sales in comparable stores remained virtually unchanged, growing by 0.2%. Apart from the Byggmax outlets, the group also operates the distribution channel Skånska Byggvaror, which it acquired a year ago. This accounts for SEK 104.9m of the sales total, an increase of 3.2%. Sales in the Byggmax stores rose by 6.5% to SEK 655.3m.

This news comes at the same time as the company has announced that it sees a potential of around 95 stores in Sweden, 60 in Norway and 25 in Finland. The company currently operates a total of 140 locations and wants to open up to twelve new stores in 2017, according to the company report. Also, it is stated that the company is carrying out ongoing analyses of opportunities for establishments in new markets, but as yet no decision has been made.

www.diyinternational.com