Bonava revises financial targets
Due to the decision Bonava took in March to wind down the St. Petersburg operations the Board has decided to slightly revise the financial targets that have been announced earlier. Profit before tax shall at least amount to SEK 2.0 Bn (2.2) in 2026 and number of housing units sold to 7,000 (8,000) in 2026. The other four targets are leaved unchanged in 2026.
Bonava has during the quarter conducted a financial analysis over the implications of winding down the St. Petersburg operations. The financial analysis resulted in that we slightly revise the financial targets mid-and long-term that were announced last year. Profit before tax shall at least amount to SEK 2.0 Bn (previously 2.2) in 2026 and number of housing units sold to 7,000 (previously 8,000) in 2026. In 2024 profit before tax is reduced to SEK 1.3 Bn (previously 1.6) and number of housing units sold to 5,800 (7,000). We are determined to attain our long-term objectives, and our ability to implement our strategy in other markets has not changed. We keep making progress towards our target of achieving market-leading profitability.
For more information, please contact:
Anna Falck Fyhrlund, Head of Investor Relations
anna.falck@bonava.com
Tel: +46 707 604 914
Fredrik Hammarbäck, Group Head of Press and Public Affairs
fredrik.hammarback@bonava.com
Tel: +46 739 056 063
This information is such that Bonava AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 7.15 a.m. CET on 29 April 2022.
Bonava is a leading residential developer in Europe with the purpose to create happy neighbourhoods for the many. The company is the first residential developer in Europe to receive approval from the Science Based Targets initiative for its climate targets. With its 2,100 co-workers, Bonava develops residential housing in Germany, Sweden, Finland, Norway, St. Petersburg, Estonia, Latvia and Lithuania, with net sales of approximately SEK 15.5 Bn in 2021. Bonava’s shares and green bond are listed on Nasdaq Stockholm.
For more information about us, visit: bonava.com