Byggmax Group (BMAX) investor relations material

Executive summary

• Like-for-like sales increased 7.3% year-over-year, with total net sales up 5.6% to SEK 2,199M in Q2 2025, driven by strong operational execution and commercial improvements.

• EBITA rose to SEK 237M, with EBITA margin up to 10.8% from 8.8% year-over-year, reflecting improved profitability.

• Entered high season with strong inventories, improved stores, and efficient e-commerce logistics, supporting growth and customer satisfaction.

• Product availability increased, reducing out-of-stock risk and lowering inventory value.

• Opened a new store in southern Stockholm, expanding the store network and presence in a key region.

Financial highlights

• Net sales reached SEK 2,199M in Q2 2025, up from SEK 2,082M in Q2 2024; like-for-like sales up 7.3%.

• EBITA increased to SEK 237M from SEK 184M; EBITA margin at 10.8% (8.8% last year).

• Gross margin improved to 34.2% from 33.6% year-over-year, supported by early supplier payments and e-commerce enhancements.

• Net profit for Q2 was SEK 161M, up from SEK 108M; EPS at SEK 2.75 (1.85).

• Cash flow from operating activities (R12) was SEK 638M, with Q2 at SEK 561M, impacted by supplier payments.

Outlook and guidance

• Well-prepared for the high season, with focus on operational efficiency, customer experience, and sales growth.

• Market remains shaped by cautious consumer behavior due to global uncertainty, but improving macro factors such as lower inflation and interest rates are positive.

• Flexibility and short lead times enable quick adaptation to changing demand.