Veidekke ASA: Veidekke sold homes at a value of NOK 1 billion

Veidekke ASA: Veidekke sold homes at a value of NOK 1 billion

04.07.2018 - 17:30

Veidekke sold 215 homes during the second quarter of 2018. Overall, Veidekke has sold homes for NOK 1 billion in Q2 2018. The number of units under construction is 2,708.

Activity is stable compared to the latest quarters in both Norway and Sweden. The number of units under construction has declined compared to the second quarter of 2017, and is at 2,708 units compared to 3,564 a year ago. Veidekke's share in the quarter is 2,166 units. The decline is greatest in Sweden, but housing production also reflects the low sales during the past year in Norway as well. The sales ratio for units under construction is 79%.

"Sales of our homes are increasing somewhat in both Norway and Sweden compared to the first quarter. We see that the market for new homes in Sweden remains hesitant, while we have seen a positive change of pace in eastern Norway in the last quarter. The rest of Norway is stable," says President and CEO Arne Giske.

Home sales figures for Veidekke as at Q2 2018:

Second quarter 2018 (2017) 12 months rotating sales (1)
Gross 1 Net 2
Norway 140 (151) 96 (88) 429
Sweden 75 (283) 67 (259) 335
Total 215 (434) 163 (347) 764
  1. Number of sales including joint venture projects
  2. Veidekke's share of sales

For more information, please contact:
Director of Business Development at Veidekke Eiendom, Audun Blegen, tel. +47 959 79 664, audun.blegen@veidekke.no
Managing director at Veidekke Bostad, Per-Martin Eriksson, tel +46 70598565, per-martin.eriksson@veidekke.se

SVP Finance Jørgen Michelet, tel +47 917 43 856, jorgen.michelet@veidekke.no

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Veidekke is one of Scandinavia's largest construction and property development companies. The company undertakes all types of building and civil engineering contracts, develops residential projects, maintains roads, and produces asphalt and aggregates. The company is characterised by involvement and local knowledge. Revenue is around NOK 32 billion, and half of the 8,000 employees own shares in the company. Veidekke is listed on the Oslo Stock Exchange and has always posted a profit since it was founded in 1936.