Byggmax Group (BMAX) Q2 2026 earnings summary

Executive summary

• Net sales rose 2.9% year-over-year to SEK 2,263M, with like-for-like sales up 1.4%.

• EBITA margin improved to 12.0% from 10.8% last year, reflecting strong operational execution and profitability.

• Focus remains on enhancing customer value, leveraging digital and AI-driven tools, and sharpening commercial activation.

• E-commerce share increased to 21% of sales, and customer engagement (NPS) reached 58.

• Maintained robust financial position and high operational flexibility.

Financial highlights

• Operating profit increased to SEK 267M from SEK 223M, and EPS improved to SEK 3.42 from SEK 2.75 year-over-year.

• Gross margin improved to 35.1% in Q2 (from 34.2%), contributing SEK 20M to earnings.

• Operating expenses increased by 3% due to inflation, digital investments, and store openings.

• Cash flow from operating activities for Q2 was SEK 564M, with rolling 12 months at SEK 880M.

• Net debt (excl. IFRS 16) reduced to SEK 186M, with net debt/EBITDA ratio at 0.4x.

Outlook and guidance

• Fully prepared for the remainder of the high season, with priorities on operational excellence and commercial development.

• Continued focus on leveraging customer insights, enhancing the offering, and investing in digital and AI-driven channels.

• Board will decide on future capital allocation and distributions, with a policy to distribute half of earnings.