Veidekke ASA : Good housing quarter for Veidekke
Veidekke has sold 23 % more homes in Q3 2013 than in the same quarter of 2012.
"Although no new sales of projects have started during the quarter, Veidekke has sold 235 homes totalling NOK 852 million. We are particularly pleased that sales in Sweden have reached the same level as in Norway," says CEO of Veidekke, Arne Giske.
Veidekke's property operations in Norway and Sweden sold a total of 235 homes in Q3. The total sales value for the quarter was NOK 852 million, and Veidekke's share was NOK 590 million. So far in 2013 Veidekke has sold homes for more than NOK 3 billion.
Veidekke will start sales of several new projects in Q4. We will start the sale of homes at Løren in Oslo in cooperation with OBOS. This will be one of Veidekke's most important housing projects in the time ahead with more than 750 residential units. Other important projects with new stages going on sale are Sjetnan Nedre in Trondheim and Sjø Panorama in Sandnes. In Sweden we will start the sale of homes at Råbylund in Lund and Örby in Stockholm.
At the end of Q3 Veidekke had 1,814 homes in production, whereof Veidekke's share is 1,372. The combined sales ratio for projects under construction is a huge 79%.
Residential sales for Veidekke are as follows as of Q3 2013:
|Residential sales||Gross Q3 2013 (2012)||Net Q3 (*) 2013 (2012)||Gross total 2013 (2012)||Net total (*) 2013 (2012)|
|Norway||115 (137)||71 (102)||412 (494)||272 (377)|
|Sweden||120 (54)||109 (50)||339 (172)||290 (154)|
|Total||235 (191)||180 (152)||751 (666)||562 (531)|
* Veidekke's share of residential sales in collaboration projects and in our wholly-owned projects.
For more information please contact:
Director of business development in Veidekke Eiendom AS, Audun Blegen, tel. +47 959 79 664, firstname.lastname@example.org
SVP Finance Jørgen Michelet, tel. +47 917 43 856, email@example.com
Caption: Veidekke and OBOS will start the sale of homes at Løren in Oslo in Q4 2013. The project will be named Gartnerløkka.
Veidekke is one of Scandinavia's leading contractors and property developers with a turnover of NOK 20 billion (2012) and 6,300 employees. Activities include building and construction projects, residential developments, asphalt plants, gravel and aggregates, and road services. Our values are professional, honest, enthusiastic and ground-breaking. Our goals for health, safety and the environment, HSE, have equal status with our financial goals. Veidekke is characterised by a strong corporate culture with employee involvement and co-ownership as important cornerstones. More than half of the employees are co-owners, holding around 20 per cent of the Group's shares between them. The company is listed on the Oslo Stock Exchange and has always posted a profit since it was founded in 1936.
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.