BHG

Consolidation is ongoing in all three of BHG's segments and we now implement three clear efficiency improvements that are a result of that work.

• Our Danish operation Frishop.dk (Frishop) which is run by Camola ApS is consolidated into our existing platform HYMA Skog & Trädgård AB with the sites hylte-lantman.com, duab.se, maskinklippet.se and dogger.se (HYMA). Frishop is integrated into HYMA's existing infrastructure for, among other things, warehouse management in Falkenberg and IT systems. Frishop remains an important sales channel to the Danish market, but will benefit from a strong infrastructure in HYMA.

• Lindström & Sondén AB operating for example the sites vinkylen.se and myoutdoorkitchen.se (L&S) consolidates its warehouse structure and integrates its warehouse with Hafa Brand Group AB in Halmstad. As a consequence we leave the warehouse in Klippan and get a more cost-effective logistics.

• The inventory in ARC E-commerce AB, with the site outl1.se, has during the year been reduced to the point where its two warehouses in the south of Stockholm can be consolidated into one.

With the actions taken BHG will strengthen its long-term offering, and also reduce costs for rents and personnel. In total, these actions will reduce cost by approximately SEK 30 million on an annual basis in 2024, mainly attributable to depreciation of leased assets and personnel costs. The total cost of the above measures amounts to SEK 69 million. All costs will be attributed to the fourth quarter.

"We work with a combination of structural measures and ongoing consolidations to reduce the number of platforms to make BHG more competitive and profitable. With fewer and scalable platforms, we gain greater flexibility and become better at meeting customer needs. This work continues, and the actions we now take in Frishop, L&S and ARC E-commerce are in line with our strategy and important steps towards the structure we want at BHG" says BHG Group CEO Gustaf Öhrn.