Sweden: Byggmax Grows by Almost 29 Per Cent in 2020.

 The Swedish DIY retail group Byggmax achieved a turnover of 6.801 billion SEK (675 million euros) in 2020, a growth of 28.9 per cent. Adjusted for currency and like-for-like effects, the Group’s sales rose by 28.5 per cent. In the fourth quarter, sales increased by 28.7 per cent to 1.222 billion SEK (121 million euros).

Online revenues grew by around 60 per cent; in 2020 this was around 50 per cent. The online business had a share of around 20 per cent over the year as a whole. “Our model of integrating e-commerce and markets enables faster growth,” says the annual report. “Order online, collect in store has grown much faster than home delivery and is one of the strengths of our 169 stores, and online sales typically increase by 15 percent where a new store is opened.”