Bli medlem
Bli medlem

Du är här

2022-07-20

BHG Group AB (publ) - Interim report: 1 January-30 June 2022

Profitability despite challenging environment
– Long-term investments in the technology and customer platform continue – in order to take advantage of unchanged, long-term growth trends – while focus on profitability is prioritised

HIGHLIGHTS

1 April-30 June
· Net sales increased 10.1% to SEK 3,908.5 million (3,550.6). Organic growth was -8.1% and pro-forma organic growth was -7.4%
· Gross profit increased 3.4% to SEK 975.6 million (943.2), with a gross margin of 25.0% (26.6)
· Adjusted EBIT amounted to SEK 162.2 million (278.0), corresponding to an adjusted EBIT margin of 4.2% (7.8)
· Cash flow from operating activities amounted to SEK -161.8 million (336.1)
· Earnings per share amounted to SEK 1.44 (1.63) before dilution and SEK 1.43 (1.62) after dilution

1 January-30 June
· Net sales increased 14.7% to SEK 7,019.1 million (6,118.4). Organic growth was -4.5% and pro-forma organic growth was -3.0%
· Gross profit increased 10.7% to SEK 1,817.3 million (1,641.0), with a gross margin of 25.9% (26.8)
· Adjusted EBIT amounted to SEK 296.4 million (461.8), corresponding to an adjusted EBIT margin of 4.2% (7.5)
· Cash flow from operating activities amounted to SEK -40.1 million (455.6)
· Earnings per share amounted to SEK 2.34 (2.61) before dilution and SEK 2.33 (2.58) after dilution

Key events during and after the period
· BHG Group AB received SEK 1,000 million via a directed issue of 16,393,443 shares on 4 May. The issue was oversubscribed, and a large number of Swedish and international institutional investors as well as certain shareholders participated in the issue. The aim of the issue was to increase BHG’s financial preparedness for future growth initiatives, primarily organically and through acquisitions, as well as to maintain financial flexibility.

CONFERENCE CALL IN CONNECTION WITH PUBLICATION OF THE QUARTERLY REPORT
Adam Schatz, President and CEO, and Jesper Flemme, CFO, will hold a conference call at 10:00 a.m. on Wednesday 20 July in connection with the publication of the interim report. The call will be held in English. To participate, please call +46850516386 (PIN 9149078#) or visit https://tv.streamfabriken.com/bhg-q2-2022. The presentation will be available from the Group’s website: https://www.wearebhg.com/investors/presentations/.

QUARTERLY REPORTS ON WWW.WEAREBHG.COM
The full quarterly report for the period January-June 2022 and previous quarterly and year-end reports are available at https://www.wearebhg.com/investors/financial-reports/

Contacts


Adam Schatz, President and CEO of BHG Group
Tel: +46 (0)709 32 43 00. E-mail: adam.schatz@bhggroup.se

Johan Hähnel, Head of Investor Relations, BHG Group
Tel: +46 (0)70 605 63 34. E-mail: johan.hahnel@bhggroup.se

This information is information that BHG Group AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication, through the agency of the contact persons set out above, at 2022-07-20 07:00 CEST.

About Us


BHG is the number 1 consumer e-commerce company in the Nordics. In addition to our Nordic operations, we also have a significant presence in the rest of Europe, as well as in selected markets outside of Europe. Our strong position in these markets makes us the largest European online pure-play within the Home Improvement space, meaning do-it-yourself and home furnishings. With an ecosystem of online stores, supported by physical destinations and services, such as last-mile deliveries and installation, we offer the market’s leading range of well-known external and strong own brands, totalling over 1.7 million products and encompassing a complete offering within DIY, leisure, furniture and furnishings.
 
The Group includes over 100 online sites – including sites like www.bygghemma.se, www.trademax.se, www.chilli.se, www.furniturebox.se and www.nordicnest.se – and over 70 showrooms. We are headquartered in Malmö, Sweden, with operations throughout Europe. Our share is traded on Nasdaq Stockholm, under the ticker “BHG.”
 
The BHG brands employ more than 3,000 people, working every day to create the ultimate online shopping experience by combining an unbeatable product range with smart technology, leading product expertise and a broad range of services.

Attachments


BHG Interim Report Q2 January June 2022

Författare MFN