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  • Fredrik Hammarbäck

    Group Head of Press and Public Affairs


    Lindhagensgatan 74
    +46 739 056 063
    http://bonava.com
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    Bonava summarises the year's investor transactions at SEK 1.8 billion

    Bonava summarises the year's investor transactions to a value of SEK 1.8 billion and notes that the transaction market is showing increased activity. The package sales, which were previously communicated separately, include 573 homes mainly located in the German cities of Berlin and Düsseldorf.– With five completed investor deals in the last six months, we can say that the transaction market has woken up. Although we are not yet talking about a normalisation of the market, it is clear that the pent-up need for rental apartments, combined with lower interest rates, means that sellers and

    Bonava is selling 63 rental apartments and starts production of a total of 128 housing units in Düsseldorf

    Bonava is selling and starting production of 63 rental apartments in Düsseldorf, Germany, to the publicly owned real estate company WOHNBAU GmbH from Bonn. The buyer is financing the project, why the cash flow is positive from the start. Handover of the housing units to the investor is planned for the second half of 2027. Also, Bonava is starting production of 65 housing units to consumer in the same neighbourhood.– There is significant need for attractive, sustainable and affordable rental apartments in Düsseldorf. We are now selling yet another multi-family block project in Paulshöfe,

    Bonava sells project with 128 rental apartments in Berlin

    Bonava sells and starts production of 128 subsidised rental apartments in Berlin, Germany, to the public company Gesobau AG. The project generates a positive cash flow from start. The apartments are expected to be handed over to the customer at the end of 2026.– Berlin is growing and 20,000 new homes need to be built every year. Bonava is Berlin's largest residential developer and we are excited to start construction on this new neighborhood in the eastern parts of Berlin. Here we are now selling and starting a rental project, but over time we will also build homes for consumers, says

    Incoming CFO Jon Johnsson appointed Deputy CEO of Bonava

    On 26 June 2024, Bonava announced that Jon Johnsson had been appointed the new CFO and member of Bonava’s Executive Management Group. Bonava’s Board of Directors has today decided to also appoint Jon Johnsson as Deputy CEO of Bonava. He will assume the roles of Deputy CEO and CFO on 2 January 2025.Jon Johnsson has more than 20 years’ experience as CFO and from other leading roles in finance and accounting at companies including Atlas Copco, Geely and most recently as CFO of Karo Healthcare.   For more information, please contact:   Mats Jönsson, Chairman of the Board mats.

    Bonava to sell project comprising 194 rental apartments in Berlin to a value of SEK 500 M

    Bonava is selling and starting production of a project comprising 194 rental apartments in Berlin to a Berlin-based company. The total value of the transaction is EUR 45 M, and the buyer finances the project, why cash flow is positive from the start. The start of production constitutes the first phase of the new Gartenstadt Karlshorst district, where Bonava will construct some 500 housing units over time.– In Berlin, the need for new homes is significant, and this transaction shows that Bonava is capable of creating attractive offerings for investors. This also signals the start of

    Bonava’s interim report for the third quarter 2024: Increased number of sold and started housing units

    Third quarter, July – September 2024*:   · Net sales amounted to SEK 1,431 M (2,765) · Operating gross margin amounted to 10.0 per cent (7.4) · Operating EBIT amounted to SEK -19 M (30) and operating EBIT margin was -1.3 per cent (1.1) · Operating cash flow amounted to SEK 489 M (188) · Cash flow before financing activities amounted to SEK 335 M (197) · Earnings per share, before and after dilution, was SEK -1.23 (-12.25) · The number of housing units sold was 524 (469) · The number of production starts was 411 (388)   Nine months, January – September 2024*

    Bonava sells project comprising 99 rental apartments in Finland and starts production of 250 housing units in total

    Bonava is selling and starting production of a project comprising 99 rental state subsidised apartments in Turku, Finland, to the property company TA-Asumisoikeus Oy. The purchase consideration amounts to approximately EUR 20 M and the project will generate a positive cash flow from the very start. Meanwhile, Bonava is starting production of an additional 150 housing units in the Baltics and Sweden. The starts will be reported as production started units in the fourth quarter 2024.– Market conditions in Finland remain challenging, which is why we are especially pleased to present this

    Bonava and OBOS form partnership to develop 200 housing units in Gothenburg

    Bonava has formed a partnership with OBOS Nya Hem to jointly develop the Explora block in Södra Änggården, Gothenburg. The partnership will involve the transfer by Bonava of 200 building rights to a joint venture for which it will receive a payment of SEK 65 M during the third quarter.– We are delighted to have established a structure for a long-term collaboration with OBOS Nya Hem. Together we can leverage our combined expertise and be a leading player in the development of this exciting city district. We also hope this will lead to new, similar partnerships in the future. This also means

    New number of votes in Bonava AB due to conversion

    The number of votes in Bonava AB has changed due to conversion of 269,075 Class A shares to 269,075 Class B shares. The number of votes in the company hereby amounts to 594,241,762.According to Bonava’s articles of association, owner of a Class A share has the right to request that such share is converted to a Class B share. Each Class A share carries ten votes and each Class B share one vote. In July, a total of 269,075 Class A shares were converted to a total of 269,075 Class B shares at the request of shareholders.   Following the conversions, there were as of 31 July 2024, the

    Bonava’s interim report for the second quarter 2024: Increased starts and lower net debt

    Second quarter, April – June 2024*:   · Net sales amounted to SEK 2,339 M (3,586) · Operating gross margin amounted to 8.9 per cent (10.4) · Operating EBIT amounted to SEK 43 M (195) and operating EBIT margin was 1.8 per cent (5.4) · Operating cash flow amounted to SEK 720 M (-34) · Cash flow before financing activities amounted to SEK 307 M (543) · Earnings per share, before and after dilution, was SEK -0.46 (0.34) · The number of housing units sold was 400 (390) · The number of production starts was 342 (217)   Year to date, January – June 2024 ·

    Bonava is selling project of 89 rental apartments in Germany

    Bonava is selling a package of 89 rental apartments in Düsseldorf, Germany, to the investor WOHNBAU GmbH from Bonn. The housing units are expected to be completed and handed over to the customer in the fourth quarter of 2026. Production will start in the third quarter of 2024.– There is huge demand for sustainable rental apartments in Düsseldorf, and it is gratifying that we, despite the current market conditions, can both sell and start this project. There is widespread interest in our rental housing projects, and in the investor segment buyers and sellers are once again starting to do

    Bonava continues to optimise its building rights portfolio and sells land for SEK 134 million

    Bonava divested non-strategic land in Sweden and Germany in the second quarter. At the same time, Bonava expanded its building rights portfolio in Finland and the Baltics with just over 400 building rights. The land sales for the quarter totalled approximately SEK 134 million with the majority of the liquidity being received in the third quarter, with a total earnings effect of SEK -30 million after impairment that will be recognised in the second quarter.Bonava continues to review and optimise its building rights portfolio. These efforts around tied-up capital will continue, with Bonava

    Bonava starts production of 66 housing units in Uppsala city centre

    Bonava is starting production of 66 housing units in Uppsala city centre. The Seminariet project is located in Luthagen and is being built in two stages, with the first 66 homes expected to be handed over to customers in the second half of 2026. The neighbourhood will comprise a total of 113 apartments when completed.– There has been a great deal of interest from customers in Seminariet and we have reached a good booking ratio. We have worked with this project for many years and are delighted to provide Uppsala residents with new homes of the highest quality. In addition, Bonava is sprucing

    New number of votes in Bonava AB due to conversion

    The number of votes in Bonava AB has changed due to conversion of 723,209 Class A shares to 723,209 Class B shares. The number of votes in the company hereby amounts to 596,663,437.According to Bonava’s articles of association, owner of a Class A share has the right to request that such share is converted to a Class B share. Each Class A share carries ten votes and each Class B share one vote. In June, a total of 723,209 Class A shares were converted to a total of 723,209 Class B shares at the request of shareholders.   Following the conversions, there were as of 28 June 2024, the

    Bonava appoints Jon Johnsson as new CFO

    Jon Johnsson has been appointed Bonava’s new CFO and a member of the Executive Management Group, and will take office not later than 2 January 2025.Jon Johnsson has more than 20 years’ experience as CFO and from other leading roles in finance and accounting at companies including Atlas Copco, Geely and most recently as CFO of Karo Healthcare. Jon Johnsson has a strong track record as a proven leader and significant experience of working in decentralised companies with a strong business culture.   – I welcome Jon to Bonava. His strong business focus together with his experience gained

    Bonava starts production of 180 housing units in Germany

    Bonava is commencing production of approximately 180 housing units in Germany. The production starts in question are located in Berlin and surrounding areas, Rhine-Main region, North Rhine-Westphalia and Saxony region, with completion planned for 2025 and 2026.– Production starts are the engine of our business. Germany has Europe’s largest economy, and the current housing shortage corresponds to approximately 220 times Bonava’s average annual production over the last five years. With a well-developed building system that has been fine-tuned over many years, we are capable of working

    New number of votes in Bonava AB due to conversion

    The number of votes in Bonava AB has changed due to conversion of 80,698 Class A shares to 80,698 Class B shares. The number of votes in the company hereby amounts to 603,172,318.According to Bonava’s articles of association, owner of a Class A share has the right to request that such share is converted to a Class B share. Each Class A share carries ten votes and each Class B share one vote. In May, a total of 80,698 Class A shares were converted to a total of 80,698 Class B shares at the request of shareholders.   Following the conversions, there were as of 31 May 2024, the last

    Bonava continues to optimise its building rights portfolio and divests land in Uppsala

    Bonava is divesting the Librobäck 7:2 property in Uppsala city centre to the real estate company Aeonic. Handover is planned for June 2024 and the zoning plan for the property in question permits building rights of approximately 33,000 square metres of light gross floor area.– This transaction is in line with Bonava Sweden’s strategy to proactively optimise its building rights portfolio. We are divesting building rights that are not a good strategic fit, thereby increasing cash flow and facilitating the start of new projects in pace with improvements in the market. Combined with the

    New number of votes in Bonava AB due to conversion

    The number of votes in Bonava AB has changed due to conversion of 40,079 Class A shares to 40,079 Class B shares. The number of votes in the company hereby amounts to 603,898,600.According to Bonava’s articles of association, owner of a Class A share has the right to request that such share is converted to a Class B share. Each Class A share carries ten votes and each Class B share one vote. In April, a total of 40,079 Class A shares were converted to a total of 40,079 Class B shares at the request of shareholders.   Following the conversions, there were as of 30 April 2024, the last

    Bonava’s interim report for the first quarter 2024: Improved sales to consumers and net debt halved

    First quarter, January – March 2024*:   · Net sales amounted to SEK 1,280 M (1,929) · Gross margin amounted to 10.4 per cent (8.8) · Operating profit amounted to SEK -22 M (-28) and operating margin was -1.7 per cent (-1.4) · Cash flow before financing activities amounted to SEK -483 M (-963) · Earnings per share, before and after dilution, was SEK -0.87 (-0.85) · The number of housing units sold to consumers was 302 (203) · The number of housing units sold to investors was 0 (75) · The number of production starts was 281 (334)   *Recognised revenue and

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