Selvaag Bolig ASA (0Q92) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, and welcome to the results presentation for the fourth quarter of Skjelvåg Bolig. My name is Sverre Målvik, and I am the managing director. Together with the financial director Kristoffer Brunvold, I will go through today's agenda. We will start by looking at some highlights from the quarter and the year. We will look at the operational aspects, and Kristoffer will take us through the financial aspects. Then we will look at the market, future prospects, and some questions at the end. We delivered a good result in the fourth quarter, and for this year, about 1.40 kroner in earnings budget, which is good in relation to the market situation, a difficult market to maneuver in. This shows that we have a good business model and are good at implementing our value chain through the entire value chain in an effective way. We sold housing for about 700 million kroner in the fourth quarter and for about 3 billion kroner for the entire year. We have an annual reserve out of the year of 6.6 billion. 900 units, and after that, with a good start this year, we have gone further, so now we have 7.8 billion in annual reserve. Since we had a great start this year, we have managed to build a lot of housing, 166 actually. We bought 900 units last year. We filled up the bank. We made much less than that, so we just filled up the bank. We do that by buying in low-conjuncture to be able to calculate these projects in a better way than doing it in high-conjuncture. The good result of the 1.40 per share, is that we are investing in an exchange rate of 1 kroner per share for the year, which corresponds to about 70% of the earnings budget. Let's take a quick look at the key figures. We had a strong Q4 with many contracts. The value was about 1.6 billion, and the margin was 19%. A ...