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Interim report January-September 2019

FOCUS ON PROFITABILITY IMPROVEMENTSJuly – September 2019 · Order bookings amounted to SEK 1,792 million (1,236) · Income amounted to SEK 1,376 million (1,359) · The operating loss amounted to SEK 5 million (40) · Cash flow from operating activities amounted to a negative SEK 164 million (9) · The loss for the period amounted to SEK 27 million (55) · Taking internal deliveries to Karlastaden into account, as well as accounting changes regarding tenant-owner projects, income amounted to SEK 1,476 million and operating profit to SEK 9 million. Cash flow from operating

Interim report January-June 2019

A quarter marked by strong order bookingsApril–June 2019 · Order bookings amounted to SEK 2,663 million (1,328) · Income amounted to SEK 1,616 million (1,681) after consideration of internal deliveries to Karlastaden and accounting changes for tenant-owner apartment projects, income was SEK 1,750 · Operating profit amounted to SEK 0 million (74) after consideration of internal deliveries to Karlastaden and accounting changes for tenant-owner apartment projects, operating profit was SEK 22 million · Cash flow from operating activities amounted to an outflow of SEK 302 million (

Serneke building the new swimming hall in Linköping

Serneke Construction has signed an agreement with Lejonfastigheter to build a new swimming hall in Linköping. The order is valued at approximately SEK 820 million.The new swimming hall, which will be built at the southern shore of the Tinnerbäcksbadet aquatics center, will comprise around 21,700 square meters and contain a large competition-sized swimming pool and room for a grandstand. There will also be a teaching pool, exercise pool, rehab pool and various areas for play, exercise and relaxation. “We are pleased to be the contractor selected to build the new swimming hall and

Serneke signs major agreement with Specialfastigheter

Serneke Construction has signed another framework agreement with Specialfastigheter and is one of four selected companies to share the agreement’s total volume of SEK 8-10 billion. The new agreement covers projects throughout Sweden valued at more than SEK 100 million.Specialfastigheter owns and manages several of Sweden’s most secure properties, including prisons, police properties, defense headquarters and courts. Their tenants set high demands on security and secrecy and operations will in many cases be conducted in parallel with construction work. “Serneke has an extensive commitment

Annual General Meeting of Serneke Group AB (publ)

Shareholders of Serneke Group AB (publ) (“Serneke”) or (“the Company”), corporate identity number 556669-4153, are hereby invited to the Annual General Meeting that will be held on Wednesday, May 8, 2019 at 4:00 p.m. (CET) at the Company’s premises at Kvarnbergsgatan 2 in Gothenburg, Sweden.REGISTRATION – RIGHT TO PARTICIPATE Shareholders wishing to take part in the Annual General Meeting must be registered in the shareholders’ register maintained by Euroclear Sweden AB as of Thursday, May 2, 2019, and have notified the Company of their attendance, no later than May 2, 2019, preferably

Serneke to construct 158 apartments in central Stockholm

Serneke is to construct 158 apartments, of which 50 will provide student accommodation, at Hornstull in Stockholm. The contract with Svenska Bostäder is valued at approximately SEK 480 million.The Kv. Plankan 24 project comprises an entire city block, where 66 rental apartments will be produced in two new stories in an existing property. In the courtyard of the block, a new circular building will be constructed, containing 42 rental apartments and 50 student apartments. “This is a very exciting and advanced project that we are very pleased to be carrying out. We look forward to

Serneke Civil Engineering recruits expertise in rail

To not miss the train as the Swedish government invests heavily in rail infrastructure over the next ten years, Serneke has recruited three people.Over the next ten years, the government will invest heavily in Sweden’s infrastructure. SEK 700 billion has been allocated for investments in the transport sector, of which SEK 460 billion has been earmarked for rail. A further SEK 300 billion has been allocated to a new high-speed rail network. This will increase the need for construction contractors with expertise in rail construction. Serneke has now recruited this expertise by employing

Serneke acquires NREP’s stake in Karlastaden Holding AB

Serneke Group AB (publ) acquires all NREP’s shares in Karlastaden Holding AB. The project now enters a new phase with focus on production and continued development, which creates a need for simplified governance and faster decision-making processes.In 2016 Serneke together with NREP established Karlastaden Holding AB with the intention to plan, construct and develop Karlastaden, a new district in Gothenburg with Karlatornet in the centre. The district is constructed in an expansive area of Lindholmen, in the midst of a cluster for research, education and innovation within new technology,

Serneke divests Säve Airport to Castellum for SEK 1.1 billion

Today Serneke has entered into an agreement with Castellum to divest the company's properties at Säve Airport. The fixed purchase price amounts to SEK 1.1 billion.Serneke receives a fixed purchase price of SEK 1.1 billion of which SEK 750 million is paid upon access and the remaining part is paid by 2030 at the latest. In addition, earn out payments of approximately SEK 1 billion may be applicable pending the outcome of new zoning plans and construction permits, provided these have been adopted by 2030 at the latest. The transaction is expected to have a positive effect on the operating

Nomination committee appointed for Serneke Group AB’s Annual General Meeting 2019

The members of the nomination committee for Serneke Group AB’s Annual General Meeting in 2019 have now been appointed.The Serneke Group AB Annual General Meeting has resolved on the principles of how to appoint the nomination committee. According to these principles, the nomination committee shall be appointed following the chairman’s identification of the four largest shareholders, according to voting rights. These shareholders have the right to appoint a representative to the nomination committee. If one or more of the four largest shareholders refrain from their right to appoint a

New number of shares and votes in Serneke Group AB

SERNEKE Group AB (publ) (“SERNEKE” or the “Company”) announced today that in October the number of class B shares in the Company has increased by 150,000 shares and the number of class A shares has been reduced by a corresponding number of shares as a result of the request for reclassification of class A shares to class B shares pursuant to the reclassification clause in the Articles of Association. According to the Articles of Association, class A shares carry one vote and class B shares carry one-tenth of a vote. Accordingly, the number of votes in SERNEKE has decreased by 135,000 votes.

Serneke in partnership with construction company in Australia

Serneke becomes a minority owner of Consortium Builders, a local construction company in Perth, Australia."We consider this a pilot project and a first step in our long-term strategy to establish operations in other countries," says Robin Gerum, Head of Business Development at Serneke Group.Serneke currently has its primary focus on expansion in Sweden, but the long-term goal is to establish business in countries outside Sweden. When Serneke now enters into a partnership with Consortium Builders, it is to prepare for this. "We do this as a test to learn how to organize our operations

Serneke recruits Chief Legal Officer

Daniel Modéus becomes new Chief Legal Officer at Serneke Group. He will lead a new legal unit within the Company's staff function and will be a member of the senior management team."As the Group grows, it is also natural that we strengthen our leading-edge expertise in areas of strategic importance to us and, with his extensive experience in the industry, Daniel will be an important addition. I particularly like Daniel's view that law should be exercised proactively as an enabler, rather than as a confrontational device that throws a wrench in the works. That attitude is well-aligned with

Serneke is creating the future of housing in Brunnshög

Today, the municipal board’s working committee in Lund Municipality issued a resolution for a land reservation for Serneke in the emerging district of Brunnshög. Together with the architectural firm Semrén & Månsson, Serneke is developing an innovative proposal for 50,000 square meters of housing and services space around Brunnshögstorget.The new district of Brunnshög is being developed in the northeastern part of Lund, in the vicinity of the two research centers MAX IV and ESS. The innovative, inclusive and multi-faceted district will include residential housing, services premises and

Serneke plans Malmö’s smartest housing in Hyllie

The City of Malmö has taken a decision regarding a land reserve for Serneke in the Hyllie district. The planned housing Serneke is going to build in collaboration with E.ON will be next generation housing that is energy-positive – smart housing that generates more energy than it consumes.Serneke has been awarded development rights covering 6,500 square meters of BTA in the planning area Solkvarteren. The development rights apply to tenant-owner residences in multi-dwelling buildings. “We always aim to create long-term, sustainable, economic, ecological and socially-conscious housing. In

Serneke signs cooperation agreement for major renovation project in Trollhättan

Serneke and Trollhättan’s housing company AB Eidar have entered into a strategic cooperation agreement for a major renovation project in the Lextorp district in Trollhättan. The project will include ROT (Repairs, Conversion, Extension) renovation of around 600 apartments.“Our organization is really looking forward to a good cooperation with Eidar, which is a very important, capable and inspiring client. For us, this is proof that our long-term, goal-oriented work in the region is appreciated by our clients. Knowing we have an organization that wins this type of procurement is extremely

The detailed development plan for Karlastaden has gained legal force

The detailed development plan for Karlastaden at Lindholmen in Göteborg has gained legal force. The road ahead is now clear for an official building start of the highest building in the Nordic region.About four weeks have now passed since the Land and Environmental Court rejected the appeals against Gothenburg City Council's decision on the detailed development plan for Karlavagnsplatsen, where the new district Karlastaden will emerge. No further appeals have been received and, therefore, the detailed development plan has gained legal force. The road ahead is now clear for an official

Serneke to build new knowledge and culture center in Falkenberg

Serneke has today signed an agreement with the Municipality of Falkenberg to build a new knowledge and culture center. The project is the Municipality of Falkenberg’s largest investment to date, with the order value amounting to about SEK 195 million.“The new knowledge and culture center will be an iconic building of great importance to many people in Falkenberg and it is an honor for us to construct it. We are very happy that the Municipality of Falkenberg has entrusted us with this and look forward to a successful partnership,” says Karl Wetterlund, Construction Manager at Serneke

Serneke to construct hotels in Halmstad and Lund

Serneke has signed an agreement with Magnolia Produktion AB to build two hotels, one in Halmstad and one in Lund. Combined, the contracts are valued at about SEK 424 million.The hotel in Halmstad, with about 240 rooms, including conference facilities, a restaurant, a lounge, a rooftop terrace and an underground garage, will be an 11-story building on the Kilot block in central Halmstad, adjacent to the new regional bus terminal. “We are extremely pleased that our collaboration with Magnolia continues to evolve. As part of this, we are expanding with a hotel project that is complex and

Serneke reaches milestone of more than 1,000 employees

The Construction group Serneke now includes more than 1,000 employees. Around 160 people have been employed at Serneke in the past year.“This is a milestone for our company, which I am very proud to have reached. We are pleased to know that Serneke is an attractive employer, considering that we expect significant growth in this competitive market. Strong growth has been the strategy of the company since its inception. Our stated long-term objective for 2020 is to reach income of at least SEK 10 billion, and then we will need an even greater number of committed employees,” says Managing

Serneke to build 125 apartments for HSB Göteborg

Serneke has entered into a contracting agreement with HSB to build ten buildings with 125 tenant-owner apartments at Torpagatan in Björkekärr. The contract is valued at about SEK 275 million.“It is highly gratifying to have the opportunity to develop these exciting homes in one of Gothenburg’s most attractive neighborhoods together with HSB. We have had several successful projects together with HSB, and we look forward to continuing on the same track,” says Johan Sjöberg, Construction Manager at Serneke Construction. The 125 tenant-owner apartments that HSB is planning to build have

Serneke to build 160 rental apartments in Årsta

Serneke has today signed a turnkey contract with Stockholmshem regarding the construction of 160 homes in Årsta. The order is valued at approximately SEK 330 million.The project, located within the Sävlången 2 and Idlången 3 properties, is part of the so-called Årstastråket area, where the City of Stockholm plans to create some 3,000 new homes for 7,500 inhabitants over a period of at least ten years in a central and attractive location, with good access to public transport, recreation opportunities and services. In addition to housing, the contract includes a preschool with four

Serneke receives project assignments from Akademiska Hus for the School of Business, Economics and Law at the University of Gothenburg

Serneke Construction has signed a collaboration agreement with Akademiska Hus for a new building at the School of Business, Economics and Law at the University of Gothenburg. The building, of approximately 12,000 square meters, will be a closely collaborative project. The potential order value is estimated at around SEK 350 million. Implementing the project requires resolutions from the Board of Akademiska Hus as well as the necessary government resolutions.Currently, the School of Business, Economics and Law at the University of Gothenburg consists of approximately 450 employees and 8,000

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