Byggmax Group (BMAX) Q2 2025 earnings summary

Executive summary

• Like-for-like sales increased by 7.3% year-over-year in Q2 2025, with total net sales up 5.6% to SEK 2,199M.

• Profitability improved, with EBITA rising to SEK 237M and EBITA margin up to 10.8% from 8.8% year-over-year.

• Strong operational execution and ramp-up ahead of the high season, supported by improved in-store and online offerings.

• Focus on core product categories, streamlined online assortment, and enhanced customer experience in stores.

• Opened a new store in southern Stockholm, expanding the store network.

Financial highlights

• Net sales reached SEK 2,199M in Q2 2025, up from SEK 2,082M in Q2 2024.

• EBITA increased to SEK 237M from SEK 184M year-over-year, with EBITA margin at 10.8% (8.8%).

• Gross margin improved to 34.2% from 33.6% year-over-year.

• 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.

Outlook and guidance

• Well-prepared for the ongoing high season, with a focus on customer service, operational efficiency, and proximity.

• Market remains uncertain with cautious consumers, but improved macro indicators like lower inflation and interest rates support renovation activity.

• Continued emphasis on core assortment, supply chain efficiency, and leveraging operational strengths.