Brief: Bonava Revises Its Long-Term Targets, Strategy

Bonava AB (publ)

14/12/2021 06:34

Dec 14 (Reuters) - Bonava AB (publ)  BONAVb.ST :
    * INTERIM TARGET FOR 2024 IS FOR EARNINGS BEFORE TAX OF SEK
1.6 BN
AND 7,000 HOMES SOLD.
    * TARGETS ASSUME A GRADUAL INCREASE OF SEK 15 TO 18 BN IN
COMPANY'S ASSETS DURING PERIOD FROM 2020 TO 2026
    * TO  MEET TARGET FOR HOMES SOLD, NUMBER OF UNITS STARTED
MUST BE
APPROXIMATELY 6,000 FOR 2022 AND JUST OVER 7,000 FOR 2024.
    * THERE IS A NEED TO INCREASE TOTAL ASSETS TO BETWEEN SEK 15
AND
18 BN IN PERIOD FROM 2020 TO 2026.
    * APPROXIMATELY SEK 6 BN PERTAINS TO ACQUISITIONS OF
BUILDING
RIGHTS AND SEK 9 TO 12 BN PERTAINS TO INVESTMENTS IN NEW HOUSING
PROJECTS
    * PLAN IS TO FINANCE INCREASE THROUGH UNDISTRIBUTED PROFITS
GENERATED DURING PERIOD, AS WELL AS INTEREST-BEARING LIABILITIES
    * WILL INVEST IN BUILDING RIGHTS THAT ENSURE CONTINUED
GROWTH
    * INVESTMENTS ENTAIL A NEED FOR VARIOUS FINANCING SOLUTIONS
    * EVEN THOUGH GROWTH WILL CONTRIBUTE TO ACHIEVING OUR EBT
GOAL OF
SEK 2.2 BN IN 2026, IMPROVEMENTS TO MARGIN WILL BE PRIMARY
DRIVER

Source text for Eikon:  ID:nWkr75djBL 
Further company coverage:  BONAVb.ST 

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