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Bonava’s year-end report 2020

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Strong operating profit and cash flow and more projects started

1 October – 31 December 2020

  • Net sales amounted to SEK 7,553 M (6,499)
  • Operating profit* totalled SEK 910 M (693)
  • Operating margin* was 12.0 per cent (10.7)
  • Profit after financial items was SEK 873 M (504)
  • Profit for the period after tax amounted to SEK 640 M (368)
  • Cash flow before financing was SEK 1,918 M (969)
  • Earnings per share was SEK 5.97 (3.42)
  • Return on capital employed* was 7.9 per cent (8.1)
  • Sales value of housing units sold in the quarter amounted to SEK 6,218 M (5,335)
  • On 25 November, the Board of Directors appointed Peter Wallin as new President and CEO effective 1 February 2021

1 January – 31 December 2020

  • Net sales amounted to SEK 16,997 M (15,474)
  • Operating profit* totalled SEK 1,121 M (1,202)
  • Operating margin* was 6.6 per cent (7.8)
  • Profit after financial items was SEK 999 M (834)
  • Profit for the period after tax amounted to SEK 733 M (615)
  • Cash flow before financing was SEK 3,662 M (–138)
  • Earnings per share was SEK 6.82 (5.71)
  • Return on capital employed* was 7.9 per cent (8.1)
  • Sales value of housing units sold in the period amounted to SEK 16,852 M (14,477)
  • The Board of Directors proposes an ordinary dividend of SEK 3.25 (0.00) per share and an extra dividend of SEK 2.00 per share

*Excluding items affecting comparability.

Q4 presentation today at 10.00 a.m.

The report will be presented by Joachim Hallengren, President and CEO and Lars Granlöf, CFO at 10.00 a.m. CET today at a webcasted teleconference. The webcast is accessible via this link: bonava.com/audiocast Q4 2020

To participate in the telephone conference, please call one of the following numbers a few minutes prior to the start of the presentation and state the code: 73694087#  

SE: +46 856 642 651
DE: +49 691 380 34 30
UK: +44 333 300 08 04
US: +16 319 131 422

The presentation material will be available for download at bonava.com, where there is also an on-demand version afterwards.
 

For more information, please contact:

Carolina Strömlid, Head of Investor Relations
carolina.stromlid@bonava.com
Tel: +46 708 807 173

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 07:30 a.m. CET on 29 January 2021.

Bonava is a leading residential development company in Northern Europe that has been creating homes and neighbourhoods since the 1930s. With its 2,100 co-workers, Bonava operates in Germany, Sweden, Finland, Denmark, Norway, St. Petersburg, Estonia, Latvia and Lithuania, with net sales of around SEK 17 billion in 2020. Bonava’s shares are listed on Nasdaq Stockholm.

For more information about us, visit: www.bonava.com

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