Second quarter, April -
- Net sales amounted to
SEK 3,379 M (3,537) -
As part of the ongoing strategic review, a decision was made to wind down Bonava's Danish operations; the cost of
SEK 117 M is reported as an item affecting comparability in the Nordic segment -
The gross margin was 13.8 per
cent (7.2) -
Operating profit before items affecting comparability totalled
SEK 257 M (56) and the operating margin was 7.6 percent (1.6) -
Operating profit after items affecting comparability totalled
SEK 140 M (56) and the operating margin was 4.1 percent (1.6) -
Earnings per share was
SEK 0.71 (0.17) -
The equity/assets ratio was 31.4 per
cent (30.6) - The number of housing units sold was 1,246 (975)
- The number of production starts was 1,341 (751)
-
A strengthened capital structure and expanded green financing of
SEK 500 M, of which a green bond loan ofSEK 200 M and refinancing of loans ofEUR 30 M
Six months, January -
- Net sales amounted to
SEK 5,224 M (6,486) -
The gross margin was 13.5 per
cent (7.9) - Operating profit before items affecting comparability totalled
SEK 282 M (87) and the operating margin was 5.4 percent (1.3) -
Operating profit after items affecting comparability totalled
SEK 165 M (87) and the operating margin was 3.2 percent (1.3) -
Earnings per share was
SEK 0.65 (0.18) -
The equity/assets ratio was 31.4 per
cent (30.6) - The number of housing units sold was 2,365 (2,104)
- The number of production starts was 1,859 (1,282)
President and CEO
"The housing market remained strong with healthy demand for newly produced homes.Together with more projects started, this lays the foundation for our growth. A favourable project and market mix had a positive impact on the gross margin for the quarter, which is why earnings strengthened significantly despite lower net sales. Our objective is to improve profitability through cost control and more efficient governance and production, which is gradually being reflected in our figures.
The wind down of the Danish operations was a first step in the ongoing strategic review. The process of divesting the remaining land bank in
We have refinanced and increased our Green Financing Framework, which provides us with greater scope for action and a more balanced capital structure. This is further proof of the integrated approach and long-term perspective in our work on developing and financing sustainable homes for our customers. We have also refined our project portfolio for the future."
Q2 presentation today at
The report will be presented by President and CEO
To participate in the telephone conference and thereby be able to ask questions, please dial in on any number below a couple of minutes before the start of the call.
SE: +46 856642651, DE: +49 6913803430,
Pin code: 73694087#
The presentation material and an on-demand version will be available at bonava.com.
For more information, please contact:
Carolina Strömlid, Head of Investor Relations
carolina.stromlid@bonava.com
Tel: +46 708 807 173
This information is such that
Bonava is a leading residential developer in
For more information about us, visit: www.bonava.com
https://news.cision.com/bonava-group/r/bonava-s-q2-interim-report-2021--improved-profitability-and-more-starts,c3387232
https://mb.cision.com/Main/13957/3387232/1446594.pdf
https://mb.cision.com/Public/13957/3387232/a0964ac71ce1f7c4.pdf
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