Global DIY-Network: Next in the “Meet the CEO” Series – Mattias Ankarberg.

On Wednesday the 31st of March at Midday CEST John W. Herbert will continue the “Meet the CEO” series with an interview with Mattias Ankarberg, CEO of Byggmax.

Byggmax offers straightforward and excellent value construction materials and do-it-yourself products of high quality at the best price. No matter customers’ budget or previous experiences, Byggmax provide their customers with the know-how and the confidence to fulfil their construction dreams.

With over 170 physical locations in Sweden, Norway and Finland, as well as a popular online store, Byggmax is one of the foremost retail chains for construction and do-it-yourself products in the Nordics. The group’s annual revenue 2020 was SEK 6.8 billion and the corporate group is listed on Nasdaq.

Find out more about the Global DIY-Network

Europe: Kingfisher Full Year Results Demonstrate Impact of Covid-19.

On Monday the 22nd of March Kingfisher released their full year results. The group, which operates about 1,380 B&Q and Screwfix stores in the UK and Ireland, reported adjusted pre-tax profits of £756m in the year to 31 March, up 634% from £103m the previous year.

Overall sales, including the group’s operations in countries such as France and Poland, climbed 7.2% to £12.3bn. Click and collect sales surged 226% and account for more than three-quarters of all e-commerce sales, up from 62% in the previous financial year.

The company announced earlier in March it would be opening 50 Screwfix stores in the UK and Ireland this year, creating 600 new jobs.

“The Covid crisis has established new longer-term trends that are clearly supportive for our industry – including more working from home, the renewed importance of the home as a ‘hub’, and the development of a new generation of DIYers – and we expect these to endure,” said Thierry Garnier, the chief executive of Kingfisher.
“With our strategic progress, we are well positioned to capitalise on these new and positive market trends.”

Europe: Hornbach Group Increases Net Sales by 15.4% to Euro 5.5 Billion in 2020/21 Financial Year.

The coronavirus pandemic presented the Hornbach Group with a memorable 2020/21 financial year (March 1, 2020 to February 28, 2021).

People withdrawing to their own four walls, employees increasingly working from home, and consumers sustainably changing their behaviour – all these factors provided a veritable boost to demand for DIY and home improvement product ranges.

Against this backdrop, based on initial preliminary figures net sales at the Hornbach Holding AG & Co. KGaA Group increased by 15.4% to Euro 5,456 million. Hornbach Baumarkt AG, the largest operating subgroup, operated 161 DIY stores with garden centers and online shops, as well as two specialist retail outlets, in nine countries across Europe at the balance sheet date on February 28, 2021 (2019/20: 160). Sales here also passed the 5-billion mark, rising by 15.6% to Euro 5,117 million. On a like-for-like basis and net of currency items, group-wide sales at the DIY stores with garden centers (DIY) grew by 14.7 %.

New Zealand: Andrea Scown Appointed new Chief Executive Officer of Mitre 10 NZ.

Following the resignation of Chris Wilesmith, Mitre 10 New Zealand has just confirmed that Chief Operating Officer Andrea Scown will lead the business forward as Chief Executive Officer, with immediate effect.

This appointment is doubly significant: Andrea Scown is not only the first internal appointment as CEO of Mitre 10 NZ, but it’s also the first time the co-op will have a woman Chief Executive.

“With Andrea now taking the helm, the business is well-positioned for the future” says Mitre 10 NZ Chairman, Martin Dippie. “She has an intimate knowledge of all parts of the business and a real passion for the co-operative model. She is a strong and authentic leader who has developed excellent relationships with members and their teams.”

In her almost four years at Mitre 10 NZ, Andrea Scown has progressed from GM Retail Ops to Chief Customer Experience Office and then to the COO role in November last year. Prior to joining Mitre 10 NZ, Andrea Scown’s CV includes GM at Speciality Fashion Group, Acting CEO at EziBuy and COO at Bendon.

Sweden: Byggmax Group Updates Financial Targets .

Byggmax Group’s Board of Directors has decided to update the group’s financial targets, to better reflect the company’s growth ambitions. Byggmax saw a sales increase of 29 per cent from 2019 to 2020. Yesterday, Byggmax Group held a Digital Capital Markets Day. The program covered Byggmax’s position and future ambitions, and also how Byggmax is impacted by some of the biggest trends of our time: discount, the home, and e-commerce.

“We have a strong position and are growing significantly faster than the market, with the fastest growth from e-commerce”, says Mattias Ankarberg, CEO of Byggmax Group. “The new sales target, to reach SEK 10 billion by 2025, clearly shows our ambitions to continue to grow fast. The other targets show our aim to do so with good profitability and dividend to shareholders, while maintaining a strong balance sheet and responsibility for the world around us.”

The updated financial targets are:
Net sales of at least SEK 10 billion 2025 (previous goal: organic growth of 10-15% per year)
Operating profit measured as EBITA of 7-8% (unchanged)
Net debt / EBITDA (excl. IFRS16, EBITDA rolling 12 months) max 2.5x (new target)
Dividend equivalent to at least 50% of net income (unchanged)

www.byggmax.se

Global DIY Network: “Meet the CEO” with Hiromasa Tsuchiya, Owner and Chairman of CAINZ.

On the 17th of February at 10:00 CET John W. Herbert, General Secretary of EDRA/GHIN, will continue the “Meet the CEO” series for 2021 with an interview with Hiromasa Tsuchiya, Owner and Chairman of CAINZ.

As a home improvement centre, CAINZ has always kept the goal of “improving your lifestyle” in mind, and continue to provide numerous services in order to fulfill that goal. CAINZ gather great products from both inside and outside of Japan and make them affordable, so that they can help improve their customers’ lives both comfortably and conveniently.

The interview will take place through the The Global DIY-Network the global platform which brings together retailers, manufacturers, online players, consultants, journalists & professors, among other stakeholders from the home improvement industry.

Finland: Kesko – Good Development Continues in All Areas.

Kesko published their financial statements for the year 2020 last week.

The building and technical trade division saw net sales grow by 5.7% in comparable terms, and its comparable operating profit rose to a new level at €188 million. Net sales and profit grew in Finland, Sweden, Norway and Poland.

Consumer sales grew particularly strongly in 2020, but development was also good on the B2B side in both building and home improvement trade and Onninen’s technical wholesale.

Read the whole report here: https://lnkd.in/ganpjA8

CEO Mikko Helander said “I would like to thank all K-Group members for this record-breaking year and valuable work. A big thank you also goes to all our customers, shareholders and partners.”

Austria: DIY Stores and other Retailers Reopen.

From Monday 8 February, all retailers in Austria were permitted to reopen their stores.

This means that home improvement stores will once again be open to the general public as well as trade customers. However, opening times will be limited from 06:00 to 19:00 and protective measures will also be increased.

An area of 20 m² will now have to be available per customer instead of the previous regulation of 10 m². Further to this shoppers will also have to wear an FFP2 mask.

Following the reopening the editors of diy Magazine asked DIY retailers in Austria for a short description of the reopening and received statements from RWA / Lagerhaus, Hagebau, Hornbach, Bellaflora and 3e AG: these can be found HERE.

Generally the reopening was described as successful with good sales and no rush.

Europe: ManoMano Doubled Overall Business Volume in 2020.

ManoMano, the European online leader in DIY, gardening and home improvement, doubled their overall business volume to 1.2 billion euros in 2020.

The company also grew to have 50 million unique visitors per month (+70%) and 7 million active customers (+100%). The online marketplace has also stated that they will be increasing their expansion in northern Europe, through increasing investment in marketing, advertising and launching new services.

Looking towards the future, the company “continues to have high expectations for the largest B2C DIY market in Europe with a volume of EUR 82 bn and a forecasted growth of +26.3 per cent for online trade and +13.7 per cent for the stationary trade,” writes ManoMano in a press release.

Finland: Hardware Sales Increased by 5% in 2020.

The building and home improvement trade ended up growing by 4.8 per cent in 2020, but the growth was not evenly distributed in the industry. There was a clear difference between consumer and professional customer trade. As larger projects went on ice, consumers themselves began to improve the home and yard.

The high levels of new construction, which has been taking place for several years, started to decline in 2020, which was reflected in the professional customer trade. “Consumers, on the other hand, found pleasure in do-it-yourself, which was also reflected in the sales development focused strongly on consumer sales,” says Minna Liuksiala, CEO of the construction and DIY retail association RASI ry.

“Almost all yard and garden products were sold in record terms. Outdoor decking and grills, as well as plants and garden products saw a huge increase in demand. Demand for larger garden investments, such as outdoor hot tubs, also exceeded all expectations” continued Minna Liuksiala.

www.rasi.fi