Norway's Selvaag Bolig 2025 revenue rises on strong project profitability

Selvaag Bolig ASA

11/02/2026 06:09

Overview

Norway residential developer's 2025 operating revenues rose, driven by strong project profitability

Adjusted EBITDA for 2025 improved, reflecting enhanced project profitability

Company proposed NOK 1.00 per share dividend for 2025, down from NOK 1.25

Outlook

Selvaag Bolig reports record-high sales in Oslo, Ski, Bergen, and Stockholm in early 2026

Company has started construction of 166 homes in 2026, completion expected in 2027

Selvaag Bolig maintains a solid order backlog supporting ongoing construction activities

Result Drivers

INCREASED DELIVERIES - Higher number of delivered units with strong profitability boosted Q4 revenues compared to 2024

ONGOING VALUE CREATION - Improved NGAAP result attributed to increased homes under construction and project profitability

RECORD-HIGH SALES - Early 2026 sales reached record levels due to successful launches in Oslo, Ski, Bergen, and Stockholm

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
FY EPS
NOK 1.42
FY Adjusted EBITDA
NOK 410 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 3 "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 Selvaag Bolig ASA is NOK37.00, about 6% above its February 10 closing price of NOK34.90

The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 12 three months ago

Press Release: ID:nMFN240YD1

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(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.)