Selvaag Bolig ASA (0Q92) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, and welcome to the first quarter's report on housing. My name is Sverre Målvik, I am the director of administration, and together with the financial director Kristoffer Brunemål, I will go through today's agenda. We will start by looking at the highlights of the quarter, then we will look at the operational aspects, then Kristoffer will take us through the financial aspects, and finally we will look at the market and future prospects. It's good to report that we had a record sale in the company's history in the first quarter. Sold for over 2.5 billion in a very difficult market. We are very pleased with it. We also have satisfactory results in terms of the fact that we did not have any finished three quarters. In other words, we have only delivered some unsold finished products that were finished in previous quarters. But good margins on what was delivered. We have, with the good sales and initiatives, a very strong order reserve of 7.8 billion, which ensures results for the next few years. If we look at the key figures, we had very few deliveries, but that gave 188 million in revenue and a negative EBITDA of 2.9%. In the current calculation, which is the one that best reflects the valuation, there is a very good figure of over 1 billion in revenue and a margin of 11.3%. This includes our ownership shares in cooperating companies. Kristoffer will come back to the details later. In terms of operations, we had very good sales, driven by good start-ups in facilities, which are more in demand than in the country. Among other things, we had a good start-up in Lørn, where we sold at our old headquarters. A good start, and also in Stockholm, in Jurgårdstaden, on the terrace there, we have sold very well. And then we sold in Bergen at Sansli, a block, also an i...