Sweden's Bonava Q1 sales miss estimates; backs FY view

Bonava AB (publ)

28/04/2026 06:18

Overview

Sweden-based residential developer's Q1 net sales rose yr/yr but missed analyst expectations

Q1 EBIT increased yr/yr but missed analyst expectations

Company maintained stable gross margin and reaffirmed full-yr 2026 outlook

Outlook

Bonava maintains its outlook for full-year 2026

Company sees good prospects for gradually increasing production starts

Bonava says geopolitical turbulence has not had major effects on sales or production costs so far

Result Drivers

SALES RATE - Co said sales rate for ongoing production strengthened compared to end of previous year

GEOPOLITICAL IMPACT - Co said it has not seen major effects from geopolitical turbulence on sales or production costs

PRODUCTION STARTS OUTLOOK - Co said it sees good prospects for gradually increasing the number of production starts

Company press release: ID:nWkr5dZTWz

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
Miss
SEK 1.72 bln
SEK 1.99 bln (3 Analysts)
Q1 Gross Margin
13.40%
Q1 EBIT
Miss
SEK 83 mln
SEK 127.13 mln (3 Analysts)
Q1 EBIT Margin
4.80%


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the real estate rental, development & operations peer group is "buy"

Wall Street's median 12-month price target for Bonava AB (publ) is SEK15.00, about 65% above its April 27 closing price of SEK9.09

The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 8 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)