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Home Improvement Products & Services Retailers

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Byggmax to restructure Skånska Byggvaror, take one-off charge in Q4

Thursday, 18 Jan 2018 07:00am EST

Jan 18 (Reuters) - Byggmax ::GROUP RESTRUCTURES SKÅNSKA BYGGVAROR TO EXECUTE THE STRATEGY FOR PROFITABLE GROWTH.SAYS ‍RESTRUCTURING OF SKÅNSKA BYGGVAROR IMPACTS BYGGMAX GROUP'S FINANCIAL RESULTS FOR Q4 2017 WITH A NON-RECURRING COST OF CA SEK 50 MILLION, OF WHICH CA HALF IN CASH EFFECT​.SAYS ‍PAY-OFF TIME IS 2-2.5 YEARS​.SAYS ‍FOR 2018, SKÅNSKA BYGGVAROR EXPECTS DECREASED OPERATIONAL COSTS, DECREASED REVENUES AS MARKETING OF NON-CORE CATEGORIES IS REDUCED, AND TO END YEAR WITH A STRONGER, MORE PROFITABLE CORE BUSINESS​.SAYS CHANGES TO REDUCE OPERATIONAL COSTS WILL HAVE SOME IMPACT IN 2018, AND FULL IMPACT IN 2019.

Bricorama: Completion Of Merger Between French, Spanish Activities And Bricorama Asian Sourcing Offices And The Musketeers Group

Friday, 5 Jan 2018 04:11am EST

Jan 5 (Reuters) - BRICORAMA SA ::COMPLETION OF MERGER BETWEEN FRENCH, SPANISH ACTIVITIES AND BRICORAMA SA ASIAN SOURCING OFFICES (BRICORAMA BRAND) AND THE MUSKETEERS GROUP.

KIMURA to fully acquire Hokkaido-based glass maker

Monday, 18 Dec 2017 01:19am EST

Dec 18 (Reuters) - KIMURA Co Ltd <7461.T> ::Says it plans to fully acquire a 100 percent stake in a Hokkaido-based firm, which is mainly engaged in glass and furniture manufacture business, on Jan. 11, 2018.Transaction amount remains undisclosed .

Lumber Liquidators announces Q3 loss per share $0.66

Tuesday, 31 Oct 2017 06:00am EDT

Oct 31 (Reuters) - Lumber Liquidators Holdings Inc :Lumber Liquidators announces third quarter 2017 financial results.Q3 sales $257.2 million versus I/B/E/S view $261.7 million.Q3 same store sales rose 3.8 percent.Q3 loss per share $0.66.Q3 earnings per share view $0.02 -- Thomson Reuters I/B/E/S.Lumber Liquidators Holdings Inc says it ‍remains "confident in long-term strength" of its business model​.Lumber Liquidators - ‍SG&A negatively impacted in quarter by $18 million increase to reserve for MOU related to MDL and Abrasion MDL, asset impairment.

Byggmax Q3 operating profit down yr/yr​

Wednesday, 18 Oct 2017 02:00am EDT

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 ​.

Encho to merge with Shizuoka-based unit BROS

Monday, 28 Aug 2017 03:14am EDT

Aug 28 (Reuters) - Encho Co Ltd <8208.T>:Says it plans to merge with Shizuoka-based unit BROS Co.,Ltd. on Oct. 1, which is engaged in operation of SWEN and casa .Says the unit will be dissolved after merger.

Lowe's Companies Q2 adjusted earnings per share $1.57

Wednesday, 23 Aug 2017 06:00am EDT

Aug 23 (Reuters) - Lowe's Companies Inc :Lowe's reports second quarter sales and earnings results.Q2 adjusted earnings per share $1.57.Q2 earnings per share $1.68.Q2 sales $19.5 billion versus I/B/E/S view $19.53 billion.Q2 same store sales rose 4.5 percent.Q2 earnings per share view $1.61 -- Thomson Reuters I/B/E/S.Comparable sales are expected to increase approximately 3.5 percent for fiscal year 2017.Diluted earnings per share of $4.20 to $4.30 are expected for fiscal year ending February 2, 2018​.Total sales are expected to increase approximately 5 percent​ for ‍FY 2017.Company expects to add approximately 25 home improvement and hardware stores for fiscal year 2017.FY2017 earnings per share view $3.90, revenue view $64.60 billion -- Thomson Reuters I/B/E/S.Says "‍results were below our expectations in first half of this year​".Reports 7.9% comparable sales increase for month of July.Q2 results included a $96 million gain from sale of company's interest in its Australian joint venture​.

Swedol announces a merger plan

Tuesday, 15 Aug 2017 08:00am EDT

Aug 15 (Reuters) - SWEDOL AB :SWEDOL SIMPLIFIES LEGAL STRUCTURE OF THE GROUP.MERGER PLAN INVOLVES SWEDOL AB (PUBL) TAKING OVER ALL ASSETS AND LIABILITIES IN SUBSIDIARIES BJÖRNKLÄDER INTRESSENTER AB, GROLLS AB AND FALBYGDENS SKYDDSPRODUKTER AB.

Home Depot Q2 earnings per share $2.25

Tuesday, 15 Aug 2017 06:00am EDT

Aug 15 (Reuters) - Home Depot Inc :The Home Depot announces second quarter results; updates fiscal year 2017 guidance.Q2 earnings per share $2.25.Q2 sales $28.1 billion versus I/B/E/S view $27.84 billion.Q2 earnings per share view $2.22 -- Thomson Reuters I/B/E/S.Sees FY 2017 sales up about 5.3 percent.Comparable store sales for Q2 of fiscal 2017 were positive 6.3 percent, and comp sales for U.S. stores were positive 6.6 percent​.Sees FY 2017 comp sales up approximately 5.5 percent​.Company also raised its diluted earnings-per-share growth guidance for year​.Company's diluted earnings-per-share growth guidance includes impact of $7 billion of share repurchases for fiscal 2017​.Now expects FY 2017 diluted earnings-per-share growth of approximately 13.0 percent from fiscal 2016 to $7.29​.FY2018 earnings per share view $7.25, revenue view $99.36 billion -- Thomson Reuters I/B/E/S.

Travis Perkins first half operating profit falls 2.1 pct

Wednesday, 2 Aug 2017 02:00am EDT

Aug 2 (Reuters) - Travis Perkins Plc :Revenue 3,221 million stg versus 3,113 million stg, up 3.5 percent.Revenue grew by 2.7% on a like-for-like basis.Adjusted profit before taxation 175 million stg versus 184 million stg, down (4.9)%.Adjusted operating profit 2.1% lower at £190m largely due to challenging plumbing & heating market and recent investments.Net debt of £377m, lower than June 2016 by £133m.We remain cautious on macro-economic outlook for second half.Remains focused on executing clear plans in place which will deliver strong cash generation and maximise returns.Announced a transformation plan for plumbing & heating division designed to stabilise performance, create more options to maximise shareholder value..Interim dividend of 15.5p, an increase of 1.6%.

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