Bonava winds down operations in Denmark
Bonava has decided to wind down its operations in Copenhagen and exit the Danish market in order to increase efficiency and profitability in the Group. The decision is the first step in the company’s strategic review. Costs of approximately SEK 120 million will be reported as items affecting comparability in the second quarter. The plan is to divest the remaining land bank during the second half of 2021.For the past two to three years, Bonava has focused intently on improving the efficiency and profitability of its operations in the fragmented Copenhagen region. However, investments in new