Selvaag Bolig ASA: Q3 2020: good sales and more construction starts
Selvaag Bolig had operating revenues of NOK 707 million in the third quarter, and a margin of 21.3 per cent. Ongoing value creation in the group is presented through the operating margin, based on progress and sales in projects under way. Good sales and production characterised the quarter, with EBITDA pursuant to Norwegian generally accepted accounting principles (NGAAP) of NOK 150.5 million and a margin of 21.3 per cent. The level of activity in the group is high. During the quarter, Selvaag Bolig started construction of 196 new homes and completed 212. At 30 September, the