Byggmax Group Full Year 2024 Earnings: EPS Beats Expectations

Byggmax Group (STO:BMAX) Full Year 2024 Results

Key Financial Results

• Revenue: kr6.02b (down 1.9% from FY 2023).
• Net income: kr67.0m (up 158% from FY 2023).
• Profit margin: 1.1% (up from 0.4% in FY 2023). The increase in margin was driven by lower expenses.
• EPS: kr1.14 (up from kr0.44 in FY 2023).

BMAX Sales Performance

• Like-for-like sales growth: Down 2.2% vs FY 2023.

All figures shown in the chart above are for the trailing 12 month (TTM) period

Byggmax Group EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 13%.

The primary driver behind last 12 months revenue was the Sweden segment contributing a total revenue of kr4.38b (73% of total revenue). Notably, cost of sales worth kr3.91b amounted to 65% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to kr1.24b (61% of total expenses). Explore how BMAX's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Specialty Retail industry in Sweden.

Performance of the Swedish Specialty Retail industry.

The company's shares are up 4.5% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. We have a graphic representation of Byggmax Group's balance sheet and an in-depth analysis of the company's financial position.

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