Continued growth in Byggmakker and Onninen

Kesko Norway, which owns Byggmakker and the electrical wholesaler Onninen, report strong growth in both companies in Norway in the first quarter. Byggmakker had sales of 146.6 million euros in the first quarter, an increase of 12.7 per cent, while Onninen had sales of 67.5 million euros, an increase of 13.7 per cent. The private market for the Byggmakker department stores is doing particularly well.

Onninen is the market winner

The electrical wholesaler Onninen also delivered a very good quarter and is the market winner in the first quarter. The company has sales of 67.5 million euros, a growth of 13.7 percent.

The share of digital commerce has increased from just under 50%, to close to 60% during the period.

We have great ambitions and will build on the good moment in the years to come, says Kristoffersen.

Byggmakker takes shares in the Private Market

Byggmakker had sales of 146.6 million euros in the first quarter, an increase of 12.7 per cent. Byggmakker Private Marked had a growth in turnover of as much as 27.4 per cent in March compared to the same month last year. The growth is particularly impressive considering that several of the department stores in several places in the country have been closed for longer periods, and physical trading was replaced by online shopping and Click and Collect in store.

-Customers have shown both flexibility and adaptability, and we see an increase in online shopping of 148 percent from the fourth quarter to the first quarter of this year, says Kristoffersen.

During the period, Carlsen Fritzøe, which was acquired in July 2020, was also re-profiled as Byggmakker.

-During the quarter, we re-profiled and changed the logo of all 25 Carlsen Fritzøe department stores. With a fully integrated company, we look forward to continuing the good growth for Byggmakker, says Kristoffersen.

The three biggest sales winners at Byggmakker during the first quarter of 2021
Kristoffersen points out equipment and materials for home renovation as the biggest growth winners in the private market in the first quarter

• Wall plate, Forrestia
• Paint, Lady
• Laminate flooring

About Kesko Norway
Byggmakker, Carlsen Fritzøe and Onninen owned by Finnish Kesko. Kesko is one of the largest retail companies in Northern Europe. The business area building materials and technical trade with its 17,000 employees has a comprehensive range of products for professionals and consumers. Sales take place through an extensive network of stores, e-commerce and digital services. Read more at: Byggmakker.no, Carlsenfritzoe.no and onninen.no