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2018-04-05 08:00 CEST
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Veidekke sold homes at a value of NOK 640 million

Veidekke sold 152 residential units in the first quarter of 2018. This is a reduction by half compared to sales in the first quarter of 2017. Overall, Veidekke has sold residential units for NOK 640 million in the quarter. The number of units in production is 3,086.

Residential sales have declined in both Norway and Sweden. However, the number of units in production has increased compared to the first quarter of 2017, and is at 3,086 homes compared to 2,973 a year ago. Veidekke's share is 2,440 homes. The sales ratio for units in production is 83%.

"The sale of new homes is lower than we have become accustomed to. However, we see that interest in homes in Norway is starting to pick up again, while the market for new homes in Sweden remains hesitant. However, both the sales ratio and number of units in production remain high," says President and CEO Arne Giske.

Home sales figures for Veidekke as at Q1 2018:

  First quarter 2018 (2017) 12 months rolling sales (1)
  Gross1 Net2  
Norway 93 (145) 67 (70) 441
Sweden 59 (238) 56 (211) 543
Total 152 (383) 123 (281) 984
  1. Number of sales including joint venture projects
  2. Veidekke's share of sales

For more information, please contact:
Director of Business Development at Veidekke Eiendom, Audun Blegen, tel. +47 959 79 664, audun.blegen@veidekke.no

SVP Finance Jørgen Michelet, tel +47 917 43 856, jorgen.michelet@veidekke.no

Veidekke is one of Scandinavia's largest construction and property development companies. The company undertakes all types of building and civil engineering contracts, develops residential projects, maintains roads, and produces asphalt and aggregates. The company is characterised by involvement and local knowledge. Revenue is NOK 32 billion, and half of the 8,000 employees own shares in the company. Veidekke is listed on the Oslo Stock Exchange and has always posted a profit since it was founded in 1936.

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