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Byggmax Q3 operating profit down yr/yr​

Wednesday, 18 Oct 2017

Oct 18 (Reuters) - Byggmax :Q3 ‍net sales amounted to SEK 1,813 mln ( 1,768 ), up 2.5 percent​.Q3 ‍net sales for comparable stores increased 1.0 percent (0.3).​.Q3 ‍EBIT amounted to SEK 221 mln (235).Says EBITDA excluding non-recurring items amounted to SEK 266 mln (269 mln) ​.Says ‍sales and profitability increased for Byggmax segment and decreased for Skanska byggvaror.Says Skanska Byggvaror’s sales development was negatively impacted by strong comparable figures and reduced investments in product development in earlier periods. September was the weakest sales month of the quarter.Says regarding Skanska Byggvaror: With reduced cost levels and a new CEO in place, we are investing in product development, further detailing the strategic plan, and expect positive financial effects over time ​.

Clas Ohlson AB to close 7 UK stores, takes SEK 107 mln charge in Q4

Wednesday, 6 Apr 2016

Clas Ohlson AB:Says taking next step in optimising UK store network.Says closure of five stores are confirmed.Says cost related to restructuring of UK store network is estimated to 107 million Swedish crowns, being booked as a non-recurring item in Q4 2015/16.Says yearly savings is estimated to 70 million crowns when in full effect as of FY 2017/18.Says plan is to open an additional one to two stores in London area during FY 2016/17.Says planning to close a total of seven store locations during FY 2016/17.

Watahan & Co Ltd announces merger between subsidiaries

Friday, 13 Nov 2015

Watahan & Co Ltd:Announces merger between two Nagano-based wholly owned subsidiaries on April 1.The subsidiary engaged in sale of architecture and civil engineering, construction materials will remain.The subsidiary engaged in manufacture of steel structure will dissolve.

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