Selvaag Bolig ASA: strong start to 2019, record value of homes under construction

Selvaag Bolig sold 270 homes (2018: 216) worth NOK 1 320 million (NOK 788 million) in the first quarter. Sales were particularly good in the Oslo region.
Ongoing value creation in the company is presented by the operating margin based on progress and sales in current projects. Operating profit (EBITDA) according to Norwegian generally accepted accounting principles (NGAAP) came to NOK 154 million in the first quarter (NOK 117 million), corresponding to a margin of 22.7 per cent (20.5 per cent).

At 31 March, Selvaag Bolig had 1 534 homes under construction with a combined value of NOK 7.1

Source: Selvaag Bolig ASA: strong start to 2019, record value of homes under construction

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