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DANMARKS STØRSTE INVESTORSITE MED DEBAT, CHAT OG NYHEDER

Byggmax Jumps 5% After Gross Margin Powers Earnings Beat

19/10 08:34


  • (PLX AI) – Byggmax shares rose 5% in early trading after third-quarter earnings significantly beat expectations on the back of strong gross margins.
  • • Q3 gross margin was 34.8% vs. estimate 33.2%, with EBIT at SEK 395 million vs. estimate SEK 341 million
  • • Sales were decent and gross margin was very good, SEB said
  • • Consensus estimates are likely to go up 7-8% for this year, and next year's forecasts could be de-risked, SEB said