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Byggmax Group Q1 loss widens YOY

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Byggmax Group Q1 loss widens YOY

4916814 said its first-quarter normalized net income was a loss of 77 Swedish öre per share, compared with a loss of 23 öre per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of 46.6 million kronor, compared with a loss of 13.8 million kronor in the prior-year period.

The normalized profit margin declined to negative 6.0% from negative 2.4% in the year-earlier period.

Total revenue increased 29.5% on an annual basis to 737.9 million kronor from 570.0 million kronor, and total operating expenses increased 35.9% year over year to 797.5 million kronor from 587.0 million kronor.

eported net income totaled a loss of 58.2 million kronor, o Byggmax Group AB (publ).