Selvaag Bolig ASA - Best-ever quarterly sales for Selvaag Bolig

Selvaag Bolig ASA sold 308 homes with a combined value of NOK 1 021 million in the first quarter of 2015. That represented the best-ever quarter in the company's history. The corresponding figures for the first quarter of 2014 were 139 and NOK 482 million.

"Housing sales were exceptionally good in the first quarter. Generally speaking, very few homes were on offer while demand was very heavy. That was particularly the case in Greater Oslo, where we have a substantial market position with many homes up for sale," says CEO Baard Schumann.

"During the quarter, we also strengthened our land bank in the Oslo area even further."

Selvaag Bolig started construction on 284 homes during the quarter. A total of 208 units were completed, and 224 were delivered to the buyer. At 31 March, the company had 1 384 homes under construction and 40 unsold units which had been completed. That compares with 1 308 homes under construction at  31 December 2014 and 1474 at 31 March 2014. 

Further information from

Baard Schumann, CEO, Selvaag Bolig ASA
Telephone: +47 940 80 000, e-mail: bs@selvaagbolig.no

Sverre Molvik, CFO, Selvaag Bolig ASA
Telephone: +47 401 00 585, e-mail: smo@selvaagbolig.no

Selvaag Bolig ASA is a residential property developer controlling the entire value chain from acquisition of land to sale of homes. The company has several thousand homes under development at any given time, and focuses on the growth areas in and around Greater Oslo, Bergen, Stavanger and Trondheim. Selvaag Bolig represents a continuation of Selvaag's 60-year history and experience, and offers a broad variety of property types marketed under the brand names Start, Hjem and Pluss. The company is headquartered at Ullern in Oslo.