Erik Börjesson Leaves His Position as IT-Manager of Byggmax Group AB

Regulatory News:

Erik Börjesson IT-manager has given notice of resignation and will leave Byggmax (STO:BMAX) January 7th. We wish Erik the best of luck in his new challenges.

Christian Björnegren former team leader in Eriks organization will take on the role as IT-manager when Erik leaves. "I am pleased to once again promote an internal talent to a larger responsibility. Christians great attitude and knowledge is the person we need to continue our journey to become the best DIY retailer in the world.” Says Daniel Juhlin CEO Byggmax AB.

This information that Byggmax AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out below, on 13 October 2016 at 18:00 CET.

About Byggmax Group

The Byggmax Group consists of Byggmax, Buildor and Skånska Byggvaror. Byggmax was launched in 1993 and currently has 83 stores in Sweden from Ystad to Luleå. The company had net sales of approximately SEK 3.5 billion in 2014 and is continuing to expand strongly. Byggmax also has 33 stores in Norway and 13 in Finland. The website sells the entire store assortment, as well as an extensive range of products available to order. From the very beginning, Byggmax’s business concept has been to be the best and most inexpensive alternative for consumers in need of high-quality construction materials. Byggmax has a drive-in system at all its stores, enabling customers to load their products into their vehicles directly. This makes life easy and efficient for customers, particularly when buying heavy construction materials. Buildor is a rapidly growing online retailer within building materials, with sales of almost SEK 50 million for the last 12 months, until September 2015), and with a growth rate of more than 150% over the same time period. Buildor and Skånska Byggvaror were acquired by the Byggmax Group in November 2015. The Byggmax Group was listed on the Nasdaq OMX Stockholm Exchange in June 2010.

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