Significant housing shortage in a cautious market
Summary July – September, 2018 · Net sales for projects run entirely by SSM totaled 52.4 MSEK (104.1). · Operating profit was 2.9 MSEK (124.9) and the operating margin was 5.5% (120.0). Operating profit for the third quarter 2017 was impacted by 112.6 MSEK as a result of the JV initiated with Partners Group. · Cash flow from operating activities was -29.3 MSEK (-24.9). · 24 pre-purchase agreements signed during the quarter. · All 255 apartments in Turbinhallen and The Tube sold and occupied. · Head of Business Development Erik Lemaitre joined Group Management Team. ·