Sweden: Byggmax increases turnover

The Swedish Byggmax group made sales of SEK 1.7990 bn (€170.45m) in the second quarter of 2019 and thus achieved growth of 3.9%. The primary sales channel Byggmax grew by 5.6% to SEK 1.5717 bn (€148.85m). The plus came about through the addition of eight locations compared to mid-2018, as like-for-like figures were minus 1.8%. Overall and before adjusting for currency effects, sales rose by 7.1%. The Skånska Byggvaror sales channel made SEK 202m (€19.14m) and thus 0.4% more sales than in the same quarter of the previous year. In the first half of the year the group’s sales totalled an overall SEK 2.5144 bn (€238.23m) which corresponds to a growth of 4.9%. The Byggmax sales channel grew by 7.0% in the first six months, however made 0.4% less on a like-for-like basis.