Certain stabilization of the housing market in Stockholm
Summary of period April – June 2018 · Net sales for projects run entirely by SSM totaled 73.1 MSEK (168.4). · Operating profit was 1.4 MSEK (19.7) and the operating margin was 1.9% (11.7). · Cash flow from operating activities was 85.9 MSEK (-230.7). · 33 pre-purchase agreements signed during the quarter. · The Sollentuna Hills project was split into two projects of 94 cooperative apartments and 94 rental units respectively. Production in the rental project started under SSM’s own management. · During the quarter, the company’s terms and conditions for bonds were amended.