Selvaag Bolig ASA (0Q92) Q2 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:04.962 Good morning and welcome to the second quarter's presentation of the results for Selvåg 00:00:04.962 -- 00:00:06.426 Bolig. 00:00:06.426 -- 00:00:09.693 My name is Sverre Måhlvik, I am the Director of Management. 00:00:09.693 -- 00:00:15.562 Together with Christoffer Brunvold, who is the CEO, I will go through today's agenda. 00:00:15.961 -- 00:00:20.889 We start by looking at some highlights from the quarter 00:00:20.889 -- 00:00:25.916 to the half of the year, and then we take the operational, we also look 00:00:25.916 -- 00:00:30.964 at the financial, then we take the market and some 00:00:30.964 -- 00:00:34.827 future prospects and Q&A at the end. 00:00:35.907 -- 00:00:40.474 The second quarter was actually a satisfactory 00:00:40.474 -- 00:00:45.959 result, given that we only delivered 40 units, 00:00:46.784 -- 00:00:48.767 which is actually very good. We are very pleased with that. 00:00:48.767 -- 00:00:53.094 This is due to the fact that we have a good cost control, both when it comes to overhead 00:00:53.094 -- 00:00:58.859 costs and not least project building costs in general. 00:00:58.908 -- 00:01:03.475 In the first half of the year, we sold more than 2 billion houses. 00:01:03.475 -- 00:01:08.463 The first quarter was strong, the second quarter calmer, 00:01:08.463 -- 00:01:13.631 but still good sales, year-to-date, in relation to the market in general, 00:01:13.631 -- 00:01:18.399 with the lack of leverances from the Norwegian Bank in relation to the promise of a cut 00:01:18.399 -- 00:01:20.322 in interest in March, 00:01:20.322 -- 00:01:24.949 The political unrest in general has caused the second quarter to start slowly, but we 00:01:24.949 -- 00:01:29.817 have sold 106 units, which is always good in relation to the ...