Summary of Bonava’s Capital Markets Day 2017
Bonava held its Capital Markets Day today at the Nordic Embassy in Berlin. Over the course of the day, focus was on Bonava’s strategy, financial development and strategically important business in Germany. The day was rounded off with a visit to a housing project that Bonava is developing in the local area.
The day started with an overview regarding the general political environment in Germany held by Per Thöresson, the Swedish ambassador in Germany. President and CEO of Bonava Joachim Hallengren continued by describing Bonava’s strategy leading towards 2020, the company’s focus on continued annual growth of 5-10 percent in the German market and its continued work to streamline processes in purchasing, design and production.
CFO Ann-Sofi Danielsson presented the company’s financial position and discussed in detail Bonava’s profit recognition method.
Olle Boback, Business Unit President for Germany, highlighted the German operations with focus on how standardisation and industrialisation lead to greater efficiency in projects and that more than 70 percent of all projects comprise affordable housing. There is a substantial need in the German market for housing and it is estimated that approximately 400,000 new housing units will need to be created within the next decade.
The day ended with a visit to three projects that all reflect Bonava’s main focus in the affordable segment in Germany.
Presentation material and a webcast from the day are available here:
Recently, Bonava was named Germany’s most active housing developer for the fifth consecutive year, according to a survey by the market analysis and consultancy company bulwiengesa.
For more information, please contact:
Ann-Sofi Danielsson, CFO and Head of Investor Relations
Tel: 0706 740 720
Bonava’s media line
Tel: +46 709 556 654
Bonava is a leading residential development company in Northern Europe. Born out of NCC, Bonava has been creating homes and neighbourhoods since the 1930s. Today, Bonava has 1,600 employees and operates in Sweden, Germany, Finland, Denmark, Norway, St. Petersburg, Estonia and Latvia, with sales of SEK 13.5 billion. The Bonava share is listed on Nasdaq Stockholm.
For more information about us, visit: bonava.com