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Increased housing starts and strong sales rate

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1 July – 30 September 2018

  • Net sales amounted to SEK 3,391 (2,135) M
  • Operating profit was SEK 406 (218) M, of which profit from land sales totalled SEK 30 (65) M
  • Operating margin was 12.0 (10.2) per cent
  • Profit after financial items was SEK 370 (167) M
  • Profit for the period after tax amounted to SEK 289 (130) M
  • Earnings per share was SEK 2.68 (1.21)
  • Cash flow before financing was SEK -588 (300) M
  • Return on capital employed amounted to 12.4 (18.5) per cent
  • The number of housing starts in the period was 1,451 (1,208)
  • The number of housing units in production at the end of the period was 10,329 (9,861)
  • The sales rate for ongoing production was 70 (68) per cent
  • The number of housing units sold in the period was 1,275 (1,336)
  • The number of housing units recognised for profit was 1,308 (896)

1 January – 30 September 2018

  • Net sales amounted to SEK 7,802 (8,424) M
  • Operating profit was SEK 755 (1,126) M, of which profit from land sales totalled SEK 184 (447) M
  • Operating margin was 9.7 (13.4) per cent
  • Profit after financial items was SEK 643 (962) M
  • Profit for the period after tax amounted to SEK 503 (752) M
  • Earnings per share was SEK 4.67 (6.96)
  • Cash flow before financing was SEK -1,720 (-1,106) M
  • Return on capital employed amounted to 12.4 (18.5) per cent
  • The number of housing starts in the period was 3,110 (4,099)
  • The number of housing units sold in the period was 3,240 (3,206)
  • The number of housing units recognised for profit was 2,754 (3,052)

Invitation to presentation

Venue: Bonava’s headquarter, Lindhagensgatan 72, Stockholm, Sweden.

Date and time: October 24, 10:00–11:00 a.m. Registration and coffee served from 9:30 a.m.

Program: Joachim Hallengren, CEO and Ann-Sofi Danielsson, CFO and Head of Investor Relations will present the report. The presentation will end with a Q&A.

Registration: Register by e-mail at ir@bonava.com or by telephone at +46 737 739 845.

To participate in the teleconference and ask questions, call one of the following numbers:

SE: +46 8 519 993 55
DE: +49 211 971 90 086
UK: +44 203 194 05 50
US: +1 855 269 26 05

The presentation will also be broadcast live at bonava.com/en/investor-relations, where presentation material will be available for downloading and the teleconference will be available for replay.


For more information, please contact:

Ann-Sofi Danielsson, CFO and Head of Investor Relations
ann-sofi.danielsson@bonava.com
Tel: +46 706 740 720

Rasmus Blomqvist, Investor relations
rasmus.blomqvist@bonava.com
Tel: +46 737 739 845


Bonava is a leading residential development company in Northern Europe. Bonava has been creating homes and neighbourhoods since the 1930s. Bonava has 2,000 employees and operates in Sweden, Germany, Finland, Denmark, Norway, St. Petersburg, Estonia and Latvia, with sales of SEK 14.5 billion in 2017. Bonava’s shares are listed on Nasdaq Stockholm.

For more information: bonava.com
 

This information was prior to this release inside information and is information that Bonava AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication, through the agency of the contact person set out above, at 07:30 CET on 24 October 2018.

Tags:

Bonava Q3 2018

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