Skånska Byggvaror puts the brakes on Byggmax growth

The Swedish DIY store group Byggmax ended 2017 with net sales amounting to SEK 5.3214 bn. Sales thus increased by 2.0 per cent compared with the previous year. Net sales for comparable stores decreased by 0.1 per cent.The figures would have been considerably better but for the Skånska Byggvaror distribution channel. While the main distribution line Byggmax increased its sales by 4.0 per cent to SEK 4.4911 bn, Skånska Byggvaror's sales plummeted by 10.8 per cent to SEK 709.2 mio. The "Other" segment, which includes the online retailer Buildor, increased its sales by 13.7 per cent to SEK 121.1 mio.