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Byggmax Group AB (publ)

OM:BMAX Stock Report

Market Cap: SEK 3.1b

  • Company Overview
  • Valuation
  • Future Growth
  • Past Performance
  • Financial Health
  • Dividend
  • Management
  • Ownership
  • Other Information
  • Stock Community

Byggmax Group Management

Management criteria checks 3/4

Byggmax Group's CEO is Karl Sandlund, appointed in Jul 2023, has a tenure of 3.17 years. total yearly compensation is SEK12.70M, comprised of 44.9% salary and 55.1% bonuses, including company stock and options. directly owns 0.13% of the company’s shares, worth SEK3.95M. The average tenure of the management team and the board of directors is 5 years and 6.8 years respectively.

Key information

Karl Sandlund

Chief executive officer

SEK 12.7m

Total compensation

CEO salary percentage44.88%
CEO tenure3.2yrs
CEO ownership0.1%
Management average tenure5yrs
Board average tenure6.8yrs

Recent management updates

Recent updates

Analysis Article • Jul 14

Results: Byggmax Group AB (publ) Exceeded Expectations And The Consensus Has Updated Its Estimates

Investors in Byggmax Group AB (publ) ( STO:BMAX ) had a good week, as its shares rose 4.3% to close at kr52.00...
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Narrative Update • Jun 26

BMAX: Dividend Payout Will Support Returns Despite Reduced Forecast Assumptions

Analysts have reduced their Byggmax Group price target from SEK 63 to SEK 53.5, citing updated assumptions for the discount rate, revenue growth, profit margins and future P/E levels. What's in the News for Byggmax Group Byggmax Group AB (publ) held its AGM on May 7, 2026, where shareholders approved a dividend of SEK 1.65 per share for the financial year 2025.
Analysis Article • Apr 22

Analysts Have Made A Financial Statement On Byggmax Group AB (publ)'s (STO:BMAX) First-Quarter Report

Byggmax Group AB (publ) ( STO:BMAX ) just released its latest first-quarter report and things are not looking great...
Analysis Article • Feb 07

Solid Earnings Reflect Byggmax Group's (STO:BMAX) Strength As A Business

Byggmax Group AB (publ)'s ( STO:BMAX ) strong earnings report was rewarded with a positive stock price move. We have...
Analysis Article • Feb 02

Byggmax Group (STO:BMAX) Has Announced That It Will Be Increasing Its Dividend To SEK1.65

Byggmax Group AB (publ)'s ( STO:BMAX ) dividend will be increasing from last year's payment of the same period to...
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Narrative Update • Oct 10

Improved E-Commerce Logistics And Modular Houses Will Drive Success

Analysts have raised their price target for Byggmax Group from 60 SEK to 63 SEK, citing slightly improved profit margin expectations, which offset marginally softer revenue growth forecasts. Valuation Changes Fair Value Estimate has increased from SEK 60 to SEK 63, reflecting a modest upward revision.
Analysis Article • Jul 26

Investors Still Aren't Entirely Convinced By Byggmax Group AB (publ)'s (STO:BMAX) Revenues Despite 27% Price Jump

Byggmax Group AB (publ) ( STO:BMAX ) shareholders have had their patience rewarded with a 27% share price jump in the...
Analysis Article • Jul 19

The Strong Earnings Posted By Byggmax Group (STO:BMAX) Are A Good Indication Of The Strength Of The Business

Byggmax Group AB (publ) ( STO:BMAX ) recently posted some strong earnings, and the market responded positively. We have...
Analysis Article • Jul 16

Byggmax Group AB (publ) Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions

Byggmax Group AB (publ) ( STO:BMAX ) just released its latest second-quarter results and things are looking bullish...
Analysis Article • Apr 16

Byggmax Group's (STO:BMAX) Dividend Will Be Increased To SEK0.75

Byggmax Group AB (publ) ( STO:BMAX ) will increase its dividend from last year's comparable payment on the 13th of May...
Analysis Article • Apr 02

Byggmax Group (STO:BMAX) Is Increasing Its Dividend To SEK0.75

Byggmax Group AB (publ) ( STO:BMAX ) will increase its dividend from last year's comparable payment on the 13th of May...
Analysis Article • Feb 08

Byggmax Group (STO:BMAX) Is Increasing Its Dividend To SEK0.75

Byggmax Group AB (publ)'s ( STO:BMAX ) dividend will be increasing from last year's payment of the same period to...
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New Narrative • Feb 02

Operational Challenges And Market Uncertainties May Pressure Margins, But Strong Cash Position Will Offer Opportunities

Operational excellence and cost reduction may face challenges, potentially impacting net margins without compensatory growth.
Analysis Article • Nov 02

Byggmax Group's (STO:BMAX) Conservative Accounting Might Explain Soft Earnings

Byggmax Group AB (publ)'s ( STO:BMAX ) stock was strong despite it releasing a soft earnings report last week. We think...
Analysis Article • Feb 08

There May Be Some Bright Spots In Byggmax Group's (STO:BMAX) Earnings

Soft earnings didn't appear to concern Byggmax Group AB (publ)'s ( STO:BMAX ) shareholders over the last week. Our...
Analysis Article • Dec 31

Subdued Growth No Barrier To Byggmax Group AB (publ) (STO:BMAX) With Shares Advancing 26%

The Byggmax Group AB (publ) ( STO:BMAX ) share price has done very well over the last month, posting an excellent gain...
Analysis Article • Nov 16

Byggmax Group's (STO:BMAX) Returns On Capital Not Reflecting Well On The Business

What are the early trends we should look for to identify a stock that could multiply in value over the long term...
Analysis Article • Jul 21

Byggmax Group (STO:BMAX) May Have Issues Allocating Its Capital

There are a few key trends to look for if we want to identify the next multi-bagger. In a perfect world, we'd like to...
Analysis Article • Feb 01

Return Trends At Byggmax Group (STO:BMAX) Aren't Appealing

If you're looking for a multi-bagger, there's a few things to keep an eye out for. In a perfect world, we'd like to see...
Analysis Article • Sep 23

Return Trends At Byggmax Group (STO:BMAX) Aren't Appealing

Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...

CEO Compensation Analysis

How has Karl Sandlund's remuneration changed compared to Byggmax Group's earnings?
DateTotal CompensationSalaryCompany Earnings
Jun 30 2026n/an/a

SEK 233m

Mar 31 2026n/an/a

SEK 195m

Dec 31 2025SEK 13mSEK 6m

SEK 191m

Sep 30 2025n/an/a

SEK 178m

Jun 30 2025n/an/a

SEK 155m

Mar 31 2025n/an/a

SEK 102m

Dec 31 2024SEK 12mSEK 6m

SEK 67m

Sep 30 2024n/an/a

SEK 33m

Jun 30 2024n/an/a

SEK 3m

Mar 31 2024n/an/a

SEK 12m

Dec 31 2023SEK 4mSEK 3m

SEK 26m

Compensation vs Market: Karl's total compensation ($USD1.31M) is above average for companies of similar size in the Swedish market ($USD684.22K).

Compensation vs Earnings: Karl's compensation has been consistent with company performance over the past year.


CEO

Karl Sandlund (49 yo)

3.2yrs
Tenure
SEK 12,700,000
Compensation

Mr. Karl Sandlund is Director of CTEK AB from May 08, 2026. Mr. Sandlund is Director of CTEK AB (publ) from May 8, 2026. Mr. Sandlund has been President and Chief Executive Officer at Byggmax Group AB (pub...


Leadership Team

NamePositionTenureCompensationOwnership
Karl Sandlund
President & CEO3.2yrsSEK 12.70m0.13%
SEK 4.0m
Helena Nathhorst
Chief Financial Officer6.8yrsno data0.015%
SEK 474.2k
Emelie Friis
Chief Marketing Officer1.7yrsno datano data
Per Haraldsson
Chief Commercial Officer13.7yrsno data0.095%
SEK 2.9m
Kari Kjensberg
Chief Executive Officer of Right Price Tiles1.7yrsno datano data
Oscar Tjarnberg
President & CEO of Skånska Byggvaror Division8.9yrsno data0.085%
SEK 2.6m
5.0yrs
Average Tenure
52yo
Average Age

Experienced Management: BMAX's management team is considered experienced (5 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Anders Moberg
Independent Chairman20.7yrsSEK 1.00m1.01%
SEK 31.1m
Gunilla Birgitta Spongh
Independent Director7.3yrsSEK 600.00k0.019%
SEK 579.6k
Lars Ljungalv
Independent Director6.3yrsSEK 500.00k0.068%
SEK 2.1m
Daniel Muhlbach
Independent Director11.3yrsSEK 400.00k0.020%
SEK 632.4k
Catarina Fagerholm
Independent Director5.3yrsSEK 500.00k0.017%
SEK 527.1k
Per Agebäck
Directorless than a yearno datano data
6.8yrs
Average Tenure
60yo
Average Age

Experienced Board: BMAX's board of directors are considered experienced (6.8 years average tenure).


Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/09/13 16:45
End of Day Share Price 2026/09/11 00:00
Earnings2026/06/30
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
  • SEC Form 10-K
  • SEC Form 10-Q
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
  • Analyst Research Reports
  • Blue Matrix
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
  • ICE Market Data
  • SEC Form S-1
Ownership10 years
  • Top shareholders
  • Insider trading
  • SEC Form 4
  • SEC Form 13D
Management10 years
  • Leadership team
  • Board of directors
  • SEC Form 10-K
  • SEC Form DEF 14A
Key Developments10 years
  • Company announcements
  • SEC Form 8-K

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Byggmax Group AB (publ) is covered by 5 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullABG Sundal Collier
Anna DanforsABG Sundal Collier Sponsored
Bile DaarDanske Bank

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