Selvaag Bolig ASA: Q1 2017: Large value creation and high margins
Good progress continues to be made by Selvaag Bolig. At 31 March, the company had homes worth NOK 6.34 billion under construction. Eighty-six per cent were already sold, and the value was NOK 1.31 billion higher than at the same time last year. "We're continuing to deliver good results and margins, and our value creation is substantial. We've already sold 99 and 87 per cent of the homes due for completion in 2017 and 2018 respectively. In other words, we'll be continuing to deliver good results in the time to come." says CEO Baard Schumann.During the first quarter, Selvaag Bolig further