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Strong profit and increased dividend

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1 October–31 December 2017

  • Net sales amounted to SEK 6,055 M (6,584)
  • Operating profit was SEK 820 M (985), of which profit from sale of land totalled SEK 45 M (197)
  • Operating margin was 13.5 (15.0) per cent
  • Profit after financial items was SEK 759 M (918)
  • Profit for the period after tax amounted to SEK 650 M (717)
  • Cash flow before financing was SEK 1,080 M (1,428)
  • Earnings per share was SEK 6.03 (6.61)
  • Return on capital employed amounted to 16.6 (14.6) per cent
  • The number of production starts of housing units in the period was 2,603 (2,682)
  • The number of housing units sold in the period was 2,496 (2,717)
  • The number of housing units recognized for profit was 2,412 (2,291)

1 January–31 December 2017

  • Net sales amounted to SEK 14,479 M (13,492)
  • Operating profit was SEK 1,946 M (1,562), of which profit from sale of land totalled SEK 492 M (188)
  • Operating margin was 13.4 (11.6) per cent
  • Profit after financial items was SEK 1,721 M (1,283)
  • Profit for the period after tax amounted to SEK 1,402 M (1,004)
  • Cash flow before financing was SEK -26 M (536)
  • Earnings per share was SEK 12.99 (9.26)
  • Return on capital employed amounted to 16.6 (14.6) per cent
  • The number of production starts of housing units in the period was 6,702 (5,832)
  • The number of housing units sold in the period was 5,702 (6,233)
  • The number of housing units recognized for profit was 5,464 (4,778)
  • The Board of Directors proposes a dividend of SEK 5.20 (3.80) per share

Invitation to analyst and media meeting

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

Date and time: February 2, 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: +46 851 999 355, DE: +49 211 971 900 86, UK: +44 203 194 05 50, US: +18 552 692 605

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

E-mail: ir@bonava.com


Bonava is a leading residential development company in Northern Europe. Born out of NCC, Bonava has been creating homes and neighbourhoods since the 1930’s. Today Bonava has 1,400 employees and operates in Sweden, Finland, Denmark, Norway, Germany, St. Petersburg, Estonia and Latvia with sales of SEK 13 billion. Bonava’s shares are listed on Nasdaq Stockholm.

For more information about us: 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 2 February 2018.

Tags:

Bonava Q4 2017

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