Norway's Selvaag Bolig H1 home sales value hits record high

Selvaag Bolig ASA

06/08/2026 06:18

Overview
Norway residential developer's H1 home sales value hit record high despite challenging market
H1 operating revenue, adjusted EBITDA and EPS rose sharply from a year earlier
Company board decided not to pay H1 dividend due to macroeconomic uncertainty

Outlook
Selvaag Bolig says NOK 8.1 bln in homes under construction will secure results in coming years
Company says market remains challenging and macroeconomic outlook is uncertain
Selvaag Bolig to assess full-year dividend in February 2027 based on results and market outlook

Result Drivers
NEW SALES LAUNCHES - Co said launches in Fornebu Sentrum, Bergen and Stavanger contributed to strong sales
ATTRACTIVE PROJECTS & COST CONTROL - CEO said attractive projects, disciplined land acquisitions and continued cost control contributed to profitability
CONSTRUCTION STARTS - Co said strong sales enabled start of several new projects, securing future results

Company press release: ID:nMFNc8w4f2

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 EPS
 
NOK 0.75
 
H1 Adjusted EBITDA
 
NOK 238 mln
 

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 Selvaag Bolig ASA is NOK41.00, about 22.4% above its August 5 closing price of NOK33.50
The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 11 three months ago

Reuters Recommended Reads
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Aug 5 - Vonovia portfolio value goes up, and so do financing costs
Aug 4 - Italy's IGD H1 FFO rises 21.7%; lifts 2026 outlook

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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.)