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Byggmax Group Q2 profit climbs 36.8% YOY

Byggmax Group AB (publ) said its second-quarter normalized net income amounted to 1.30 Swedish kronor per share, compared with the S&P Capital IQ consensus estimate of 1.16 kronor per share.

EPS increased 36.5% year over year from 96 öre.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 79.4 million kronor, a gain of 36.8% from 58.1 million kronor in the prior-year period.

The normalized profit margin rose to 6.1% from 5.1% in the year-earlier period.

Total revenue increased 13.9% year over year to 1.29 billion kronor from 1.14 billion kronor, and total operating expenses climbed 11.9% on an annual basis to 1.17 billion kronor from 1.04 billion kronor.

Reported net income grew 36.4% on an annual basis to 97.4 million kronor, or 1.60 kronor per share, from 71.4 million kronor, or 1.18 kronor per share.

As of July 15, US$1 was equivalent to 8.52 Swedish kronor.