Byggmax Group AB (publ) (BMAX) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello and welcome everyone to the Big Macs Q1 2026 Interim Report. My name is Becky and I will be your operator today. All lines will be muted throughout the presentation portion of the call with a chance for Q&A at the end. If you wish to ask a question this time, please press star followed by one on your telephone keypads. I will now hand over to your host, Carl Sandlin, CEO to begin. Please go ahead. Thank you very much and welcome to today's call where we will present Big Max Group's interim report for the first quarter of 2026. As you heard, I'm Carl Sandlund, CEO, and with me is also Helena Nathorst, our CFO. As usual, the presentation is available on our website and we will refer to the relevant pages during the call. I will begin with the business update followed by Helena's review of the financials and the presentations will be followed by a Q&A session. So let's move into the presentation and please go to slide number two. The first quarter of the year is part of our low season and it's usually the smallest one of the quarters. Sales this quarter was 888 million Swedish krona, 5% down from the same quarter last year. The cold weather in February had a dampening effect, especially on demand for outdoor categories such as cement, deck blocks and outdoor timber. And the cold weather also meant that the seasonal ramp up was somewhat delayed compared to last year. That said, we continued to have a strong gross margin, high quality and strict cost control In combination with reduced depreciation and amortization, this led to an operating profit almost in line with last year, minus 4 million. And Helena will come back to the financials and give more details in a minute. As you have seen, we also continue to have a very strong financial position. Our net debt is 51...