Selvaag Bolig ASA (0Q92) Q1 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.116 Good morning, and welcome to the first quarter's results presentation for Selvåg Bolig. 00:00:05.116 -- 00:00:08.780 My name is Sverre Malvik, and I am the managing director. 00:00:08.780 -- 00:00:11.843 Together with Kristoffer Brunvold, 00:00:11.843 -- 00:00:16.166 we will go through today's agenda. 00:00:16.949 -- 00:00:21.273 We will start by looking at the highlights, then we will look at the operational aspects, 00:00:21.273 -- 00:00:24.176 then Kristoffer will take us through the financial 00:00:24.176 -- 00:00:29.181 aspects, and then we will look at the market, and some future prospects and 00:00:29.181 -- 00:00:31.722 the Q&A at the end. 00:00:31.958 -- 00:00:37.188 We had a very strong sale in the first quarter, the best 00:00:37.188 -- 00:00:43.435 Q1 or start of the year since 2022, which is very positive. 00:00:43.459 -- 00:00:47.723 We have sold both on new projects, but also sold 00:00:47.907 -- 00:00:52.916 out a lot of goods, so we are down to 500 million less than we were 00:00:52.916 -- 00:00:56.765 at the same time last year in unsold finished goods. 00:00:56.765 -- 00:01:02.475 We start building 183 units and finish at 0 in the quarter, so we 00:01:02.475 -- 00:01:08.885 increase our order reserve quite a lot. Up to over 1000 units in production, or to 00:01:08.885 -- 00:01:11.750 a value of 7.2 billion. 00:01:11.750 -- 00:01:16.458 So good speed in the company. 00:01:16.458 -- 00:01:21.613 While the results after IFRS are very much influenced by the fact that we have 00:01:21.613 -- 00:01:25.223 zero failures and very few 00:01:25.223 -- 00:01:29.168 deliveries in the quarter. 00:01:30.802 -- 00:01:36.192 If we look at the key numbers, these are pro forma numbers, that is to say, 00:01:36.192 -- 00:01:38.917 ...