Brief: Selvaag Bolig Q1 Adjusted EBITDA (IFRS) Turns To Profit Of NOK 117.3 Mln

Selvaag Bolig ASA

20/05/2020 06:14

May 20 (Reuters) - Selvaag Bolig ASA  SBOO.OL :
    * Q1 2020: GOOD START TO THE YEAR
    * HAD 1 431 HOMES WORTH NOK 6 742 MILLION UNDER CONSTRUCTION
AT 31
MARCH
    * Q1 CONSTRUCTION UNDER WAY ON 1 431 HOMES NET (1 534) WITH
A
COMBINED SALES VALUE OF NOK 6 742 MILLION (NOK 7 097 MILLION)
    * Q1 IFRS OPERATING REVENUE NOK 209.1  MILLION VERSUS NOK
109.2
MILLION YEAR AGO
    * Q1 IFRS ADJUSTED EBITDA  PROFIT NOK  117.3 MILLION VERSUS
LOSS
NOK 9 MILLION YEAR AGO
    * UNCERTAINTY REMAINS HIGH AND THE POSITION COULD CHANGE IF
THE
COVID-19 OUTBREAK PROVES LENGTHY
    * IT IS UNCLEAR WHAT LONGTERM SPIN-OFFS THE PANDEMIC MIGHT
HAVE,
AND HOW THESE MAY IN TURN AFFECT THE HOUSING MARKET AND SELVAAG
BOLIG

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

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