Selvaag Bolig ASA (0Q92) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to the third quarter's presentation of the results for Selvo Boli. My name is Sverre Mollvik and I am the managing director. Together with the financial director Kristoffer Brunvold, we will go through today's agenda. We will start by looking at the highlights of the quarter, then we will go through the operational, then Kristoffer will also go through the financial, then we will take a look at the market, future prospects and some questions at the end. We sold quite well in Q3 in relation to the market situation and the circumstances in the world. 600 million kroner, about a house a day. So far this year we have sold for 2.3 billion. Again, we are pleased with that in relation to the market situation. We also get user-friendly results compared to relatively few experiences in the quarter. Again, we manage this with good cost control. It is a very difficult market with very high building costs. We have to do everything right through the entire value chain. And we have proven that we are good at it, through all these three so-called heavy crisis years. If we have a good business model and outsource what should be outsourced, then we do it in an effective, good way. So we maintain a good order reserve, even though we are not starting to build in the quarter. And we have a lot of deliveries, so we have an order reserve of 7.5 billion out in the order reserve. If you look at the key figures, the proforma figures include, on the income and cost side, our share of cooperating companies. We own 50-50, some JVs. We have taken them with us to show which illustrates it in a better way, both in terms of turnover and margin. Compared to before, where we put it on the TES line, it doesn't make sense to have it this way, so Kristoffer is coming back to tha...