Brief: Selvaag Bolig In Q1 2020 Sells Homes Worth NOK 1.03 Billion

Selvaag Bolig ASA

01/04/2020 06:03

April 1 (Reuters) - Selvaag Bolig ASA  SBOO.OL :
    * SELVAAG BOLIG ASA: Q1 2020: SOLD 196 HOMES WORTH NOK 1.03
BILLION
    * SELVAAG BOLIG SOLD 196 HOMES WORTH A TOTAL OF NOK 1 031
MILLION
IN Q1 OF 2020. SALES WERE PARTICULARLY GOOD IN OSLO REGION.
    * ON CORONAVIRUS: FIGURES HAVE NATURALLY BEEN LOWER BECAUSE
OF
CORONAVIRUS
    * NET SALES IN QUARTER, ADJUSTED FOR SELVAAG BOLIG'S SHARE
OF
JOINT VENTURES, CAME TO 164 HOMES WORTH NOK 840 MILLION
    * DURING PERIOD, SELVAAG BOLIG BEGAN CONSTRUCTION ON 15
UNITS, 89
WERE COMPLETED AND 114 WERE DELIVERED TO BUYER
    * AT 31 MARCH, SELVAAG BOLIG HAD 1 431 HOMES UNDER
CONSTRUCTION
AND 37 COMPLETED UNITS WHICH REMAINED UNSOLD.
    * NET SALES FOR Q1 OF 2019 AMOUNTED TO 243 HOMES WORTH A
COMBINED
NOK 1 183 MILLION, WHILE GROSS FIGURE WAS 270 UNITS WORTH NOK
1.32 BILLION.

Source text for Eikon:  ID:nWkr9cFhPk 
Further company coverage:  SBOO.OL 

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