Selvaag Bolig ASA (0Q92) Q1 2026 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:04.877 Good morning, and welcome to the first quarter's report on housing. 00:00:04.877 -- 00:00:09.222 My name is Sverre Målvik, I am the director of administration, and together with the 00:00:09.222 -- 00:00:13.767 financial director Kristoffer Brunemål, I will go through today's agenda. 00:00:13.767 -- 00:00:18.132 We will start by looking at the highlights of the quarter, then we will look at the operational 00:00:18.132 -- 00:00:22.757 aspects, then Kristoffer will take us through the financial aspects, and finally we will 00:00:22.757 -- 00:00:26.860 look at the market and future prospects. 00:00:27.470 -- 00:00:32.508 It's good to report that we had a record sale in 00:00:32.508 -- 00:00:34.134 the company's history in the first quarter. 00:00:34.134 -- 00:00:38.877 Sold for over 2.5 billion in a very difficult market. 00:00:38.877 -- 00:00:41.802 We are very pleased with 00:00:41.802 -- 00:00:46.631 it. We also have satisfactory results in terms of the fact that we did not have any finished 00:00:46.631 -- 00:00:52.202 three quarters. In other words, we have only delivered some unsold finished products 00:00:52.202 -- 00:00:55.384 that were finished in previous quarters. 00:00:55.588 -- 00:00:59.515 But good margins on what was delivered. 00:00:59.515 -- 00:01:05.688 We have, with the good sales and initiatives, a very strong 00:01:05.688 -- 00:01:08.494 order reserve of 7.8 00:01:08.494 -- 00:01:14.737 billion, which ensures results for the next few years. 00:01:14.737 -- 00:01:18.564 If we look at the key figures, we had 00:01:18.564 -- 00:01:24.015 very few deliveries, but that gave 188 million in revenue and a 00:01:24.015 -- 00:01:27.618 negative EBITDA of 2.9%. 00:01:30.127 -- 00:01:34.956 In the current calculation, which ...