BHG Group AB Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
July 20, 2022 at 06:00 am
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BHG Group AB (publ) reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was SEK 3,908.5 million compared to SEK 3,550.6 million a year ago. Revenue was SEK 3,908.6 million compared to SEK 3,551.9 million a year ago. Net income was SEK 191 million compared to SEK 196.7 million a year ago. Basic earnings per share from continuing operations was SEK 1.44 compared to SEK 1.63 a year ago. Diluted earnings per share from continuing operations was SEK 1.43 compared to SEK 1.62 a year ago.
For the six months, sales was SEK 7,019.1 million compared to SEK 6,118.4 million a year ago. Revenue was SEK 7,034.7 million compared to SEK 6,119 million a year ago. Net income was SEK 300.8 million compared to SEK 309.3 million a year ago. Basic earnings per share from continuing operations was SEK 2.34 compared to SEK 2.61 a year ago. Diluted earnings per share from continuing operations was SEK 2.33 compared to SEK 2.58 a year ago.
BHG Group AB, formerly Bygghemma Group First AB, is a Sweden-based online provider of home improvement products. The Companyâs operations comprise two segments: DIY and Home furnishing. The DIY segment includes do it yourself products for home and garden improvement. It comprises such online stores as bygghemma.se, netrauta.fi, taloon.com, frishop.dk, badshop.se, talotarvike.com, stonefactory.se, golvpoolen.se, lindstromsbad.se, vitvaruexperten.se, tvexperten.se, among others, as well as showrooms. The Home furnishing segment sells furniture and decor. It includes such online stores as trademax.se, chilli.se, kodin.fi, furniturebox.se, myhomemobler.dk and wegot.se, among others, as well as showrooms. The Company operates in Sweden, Finland, Norway and Denmark.