Interim report January-June 2019

17/07/2019

A quarter marked by strong order bookings

April–June 2019

  • Order bookings amounted to SEK 2,663 million (1,328)
  • Income amounted to SEK 1,616 million (1,681) after consideration of internal deliveries to Karlastaden and accounting changes for tenant-owner apartment projects, income was SEK 1,750
  • Operating profit amounted to SEK 0 million (74) after consideration of internal deliveries to Karlastaden and accounting changes for tenant-owner apartment projects, operating profit was SEK 22 million
  • Cash flow from operating activities amounted to an outflow of SEK 302 million (199) of which tenant-owner apartment production under own management accounted for SEK 119 million and investments in Karlastaden accounted for SEK 78 million
  • Loss for the period amounted to SEK 2 million (profit: 48)
  • Earnings per share after dilution were negative at SEK 0.09 (positive: 2.05)

January-June 2019

  • Order bookings amounted to SEK 3,840 million (2,456)
  • The order backlog amounted to SEK 7,149 million (7,398)
  • Income amounted to SEK 3,096 million (3,166) after consideration of internal deliveries to Karlastaden and accounting changes for tenant-owner apartment projects, income was SEK 3,423
  • Operating profit amounted to SEK 18 million (126) after consideration of internal deliveries to Karlastaden and accounting changes for tenant-owner apartment projects, operating profit was SEK 54
  • Cash flow from operating activities amounted to an outflow of SEK 564 million (inflow: 10) of which tenant-owner apartment production under own management accounted for SEK 201 million and investments in Karlastaden accounted for SEK 93 million
  • Profit for the period amounted to SEK 8 million (87)
  • Earnings per share after dilution amounted to SEK 0.35 (3.71)
  • The equity/assets ratio was 40.7 percent (37.3)
      

Ola Serneke, CEO Serneke Group, comments:

- Strong order bookings with new customers and a continued process of restructuring of Karlastaden marked the second quarter.

Presentation of the Interim Report for January-March 2019
On July 17, 2019 at 9:00 a.m. (CET), Serneke Group will comment on this Interim Report in a conference call with an online presentation for investors, analysts and the media. The presentation will be in Swedish and can be followed live via webcast at https://tv.streamfabriken.com/serneke-q2-2019. Presentation materials for the presentation will be available on the website one hour before the webcast begins.
To participate, please dial: +46 8 50 55 83 65

Anders Düring

  • CFO
  • Kvarnbergsgatan 2, 411 05 Göteborg
  • 0708-88 77 33

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