Selvaag Bolig ASA: Q1 2020: good start to the year
Selvaag Bolig had 1 431 homes worth NOK 6 742 million under construction at 31 March. Seventy-six per cent of these, and 82 per cent of the ones due for completion in 2020, had been sold. “Results for the quarter were in line with our expectations,” says Rolf Thorsen, CEO of Selvaag Bolig. “Value creation in the projects is good, we delivered homes with good margins and the sales ratio for homes under construction has increased. “Sales have also been good, given the challenging times. A target campaign has yielded positive results, and we’ve sold homes close to completion as well