Selvaag Bolig ASA: Q4 2016: Strong results, increased dividend and secure revenues
A record year for both sales and profits was achieved by Selvaag Bolig in 2016. That resulted in higher dividend payments and a very good outlook for profits. Selvaag Bolig had operating revenues of NOK 3 billion in 2016 and an EBITDA margin of 17.1 per cent after adjusting for financial expenses. Ninety-eight per cent of the homes being completed in 2017 and 87 per cent of those scheduled for completion next year are already sold. Strong results and a good outlook mean that the board proposes a dividend of NOK 0.95 per share for the second half of 2016. That will give a total dividend