Bonava reports lower number of completed units for the first quarter than previously anticipated
Net sales for the first quarter 2023 are expected to approximately 2.4 bn SEK (2.6) and EBIT is expected at approximately 45 MSEK (82).Bonava recognises revenue and earnings from housing sales when sold and completed housing units are delivered to customers. In the full year report for 2022 it was stated that we expect to complete 940 units during the first quarter of 2023. Due to the delay in the handover of a number of units in Germany, the Baltics and Norway, the number of completed units is approximately 800. In current market conditions sales take longer, why approximately 700 units