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E-commerce Company Bygghemma which sells building materials and furnishings, reported Friday the figures for the second quarter of the year. Sales rose 31.3% to just over 1.4 billion crowns. Organic growth was 18.6%. The company was listed on the Stockholm Stock Exchange on March 27 earlier this year.
Byggmax a competitor mainly focused on physical stores, reported earlier this week and in the company blamed the cold weather of April for a sale downstairs.
The construction houses also indicate that the cold weather of April affected but that the weather was favorable, especially for the DIY segment of the business ("do it yourself", ie products of renovation)
] drought in the latter part of the quarter has significantly reduced the sale of garden machinery, preferably lawn mowers.
The home furnishings sector would also have been affected by inclement weather. an unusually hot weather because the increase in outdoor furniture sales was offset by
Normally, second and third quarters is the strongest seasonality Buildhemmas.
Adjusted gross margin decreased by 0.1 percentage points to 21.1% (the adjustment is due to the integration of the acquisition of Furniturebox). Bygghemmas operating margin decreased by 0.2 percentage point to 3.9%
On the stock market, however, the ratio was well received and the share rose by 4.7%. However, it is traded significantly below the subscription price in the list, which amounted to SEK 47.5.
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