Bonava's operating profit for the fourth quarter and full year 2020 is expected to be above market expectations
Net sales for the fourth quarter of 2020 are expected to amount to about SEK 7.5 billion (6.5) and operating profit to SEK 860 - 910 million (693)*. For the full year 2020, net sales are expected to amount to about SEK 17.0 billion (15.5) and operating profit to SEK 1,075 – 1,125 million (1,202)*. Operating profit has been positively affected by more profit-recognised housing units in combination with lower costs and the fact that the previously communicated measures in Finland have had an effect.Bonava recognises revenue and earnings from housing sales when sold and completed housing units