Byggmax Group AB (publ) said its first-quarter normalized net income amounted to a loss of 23 Swedish öre per share, compared with the S&P Capital IQ consensus estimate of a loss of 23 öre per share.
The per-share loss increased 38.9% year over year from 16 öre.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of 13.8 million kronor, compared with a loss of 11.4 million kronor in the year-earlier period.
The normalized profit margin dropped to negative 2.4% from negative 2.3% in the year-earlier period.
Total revenue grew 17.1% year over year to 570.0 million kronor from 486.9 million kronor, and total operating expenses grew 17.5% on an annual basis to 587.0 million kronor from 499.6 million kronor.
Reported net income came to a loss of 16.9 million kronor, or a loss of 28 öre per share, compared to a loss of 13.9 million kronor, or a loss of 23 öre per share, in the year-earlier period.
As of April 20, US$1 was equivalent to 8.68 Swedish kronor.
