More housing units sold and good sales rate in ongoing production

 1 April – 30 June 2018

  • Net sales amounted to SEK 2,773 M (3,387)
  • Operating profit was SEK 306 M (405), of which profit from land sales totalled SEK 93 M (99)
  • Operating margin was 11.0 (12.0) per cent
  • Profit after financial items was SEK 270 M (346)
  • Profit for the period after tax amounted to SEK 212 M (271)
  • Earnings per share was SEK 1.96 (2.51)
  • Cash flow before financing was SEK -358 M (-327)
  • Return on capital employed amounted to 11.3 (18.7) per cent
  • The number of housing starts in the period was 1,440 (1,442)
  • The number of housing units in production at the end of the period was 10,178 (9,497)
  • The sales rate for ongoing production was 72 (65) per cent
  • The number of housing units sold in the period was 1,263 (1,020)
  • The number of housing units recognized for profit was 875 (1,281)

1 January – 30 June 2018

  • Net sales amounted to SEK 4,411 M (6,289)
  • Operating profit was SEK 349 M (908), of which profit from land sales totalled SEK 154 M (382)
  • Operating margin was 7.9 (14.4) per cent
  • Profit after financial items was SEK 273 M (795)
  • Profit for the period after tax amounted to SEK 214 M (622)
  • Earnings per share was SEK 1.98 (5.75)
  • Cash flow before financing was SEK -1,132 M (-1,406)
  • Return on capital employed amounted to 11.3 (18.7) per cent
  • The number of housing starts in the period was 1,659 (2,891)
  • The number of housing units sold in the period was 1,965 (1,870)
  • The number of housing units recognized for profit was 1,446 (2,156)

   
Bonava AB (publ) will publish its 2018 half year report on July 17 at 07:30 a.m. CET.
The report will be presented to investors, analysts and the media at Bonava’s headquarter on July 17 at 9:00 a.m.

Venue: Bonava’s headquarter, Lindhagensgatan 72, Stockholm, Sweden.

Date and time: July 17, 9:00–10:00 a.m. Registration and coffee served from 8:30 a.m.

Program: Joachim Hallengren, CEO and Ann-Sofi Danielsson, CFO and Head of Investor Relations will present the report. The presentation will end with a Q&A.

Registration: Register by e-mail at ir@bonava.com or by telephone at +46 737 739 845.

To participate in the teleconference and ask questions, call one of the following numbers:
SE: +46 851 999 355, DE: +49 211 971 900 86, UK: +44 203 194 05 50,
US: +18 552 692 605

The presentation will also be broadcast live at bonava.com/en/investor-relations, where presentation material will be available for downloading and the teleconference will be available for replay.

  

For more information, please contact:

Ann-Sofi Danielsson, CFO and Head of Investor Relations
ann-sofi.danielsson@bonava.com
Tel: +46 706 740 720

Rasmus Blomqvist, Investor relations
rasmus.blomqvist@bonava.com
Tel: +46 737 739 845

Bonava is a leading residential development company in Northern Europe. Bonava has been creating homes and neighbourhoods since the 1930s. Bonava has 2,000 employees and operates in Sweden, Germany, Finland, Denmark, Norway, St. Petersburg, Estonia and Latvia, with sales of SEK 14.5 billion in 2017. Bonava’s shares are listed on Nasdaq Stockholm.

For more information:
bonava.com

This information was prior to this release inside information and is information that Bonava AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication, through the agency of the contact person set out above, at 07:30 CET on 17 July 2018.

Tags:

About Us

Bonava is a leading residential development company in Northern Europe. Bonava has been creating homes and neighbourhoods since the 1930s. Bonava has 2 000 employees and operates in Sweden, Germany, Finland, Denmark, Norway, St. Petersburg, Estonia and Latvia, with sales of SEK 14,5 billion in 2017. Bonava’s shares are listed on Nasdaq Stockholm.

Subscribe

Documents & Links