High production of homes by Veidekke
Veidekke sold 434 homes during the second quarter of 2017. This is on a par with the first quarter. The number of homes in production is 3449 with a sales ratio of 87%. Overall, Veidekke has sold homes for NOK 1.9 billion in Q2 2017.
Veidekke's activities in housing development remain high in both Norway and Sweden. Overall Veidekke has sold 434 residential units at a value of NOK 1.8 billion in the quarter, of which Veidekke's share was NOK 1.5 billion. The number of homes in production at the end of the quarter was 3,449. Veidekke's share was 2,775. The corresponding figure for the first quarter of 2017 was 2,973, where Veidekke's share was 2,205. The overall sales ratio for projects under construction is 87 %.
"Home sales in 2017 have maintained a high level, and the new projects that have been put up for sale in the second quarter have been well-received. The number of homes in production increased as the quarter progressed. With a high sales ratio for homes in production and a large share of the sales in the second quarter in new projects that will start construction in the second half of the year, the residential business area has good leeway going forward, even if the market and sales should slow down in the next quarters," Giske says.
Home sales figures for Veidekke as at Q2 2017:
| Home sales | Q1 gross (2) 2017 (2016) | Q2 net (2) 2017 (2016) | 12 month rotating housing sales (1) |
| Norway | 151 (265) | 88 (162) | 630 |
| Sweden | 283 (320) | 259 (320) | 914 |
| Total | 434 (585) | 347 (482) | 1244 |
- Number of sales including jointly owned projects
- Veidekke's share of sales
For more information, please contact:
Director of Business Development at Veidekke Eiendom, Audun Blegen, tel. +47 959 79 664, audun.blegen@veidekke.no
CFO Jørgen Michelet, tel. +47 917 43 856, jorgen.michelet@veidekke.no
Veidekke is one of Scandinavia's largest construction and property development companies. The company undertakes all types of building and construction contracts, maintains roads and produces asphalt, crushed stone and gravel. The company is characterised by involvement and local knowledge. Revenue is NOK 30 billion (2016), and half of the 7,400 employees own shares in the company. Veidekke is listed on the Oslo Stock Exchange and has always posted a profit since it was founded in 1936.