Byggmax Group (BMAX) Q3 2026 earnings summary

Executive summary

• Q3 sales rose 7.1% YoY to SEK 2,088m on higher volumes and customer numbers; EBIT increased SEK 34m to SEK 292m, while net profit reached SEK 225m.

• EBITA increased SEK 24m to SEK 296m and EBITA margin reached 14.2%; net debt excluding IFRS 16 fell to SEK 70m from SEK 196m YoY.

• Strong financial position supported a share repurchase program of up to SEK 60m and a stronger customer-focused commercial agenda.

Financial highlights

• Net sales were SEK 2,088m vs SEK 1,949m; like-for-like sales grew 5.1%, including a positive currency effect of 1.5 percentage points.

• Gross profit rose SEK 48m; gross margin was 37.2% vs 37.4%. EBIT was SEK 292m vs SEK 258m, and EBIT margin was 14.0% vs 13.3%.

• OpEx increased SEK 26m, or 8.3%; around 40% of the increase was currency-related, with the balance primarily reflecting commercial, marketing and IT investments.

• Q3 net profit was SEK 225m vs SEK 191m; EPS was SEK 3.84 vs SEK 3.26. 9M net profit was SEK 317m vs SEK 241m.

• 9M net sales were SEK 5,230m, up 3.0%; like-for-like sales grew 1.6%, and gross margin was 36.1% vs 35.6%.

Outlook and guidance

• Priorities include stronger customer focus and commercial execution, improved assortment and store sales capability, and using customer insights, AI and technology to support profitable growth.

• Most growth is expected from existing channels; three new Swedish stores are planned for 2027, with selective openings based on location potential.

• Financial targets include annual sales growth of at least 5% over a business cycle, EBITA margin of at least 7%, and net debt excluding IFRS 16/EBITDA R12 no higher than 2.5x.

• Maintain strong cash generation, cost control and scalability while balancing inventory availability with working-capital discipline.