Interim report January-September 2019
FOCUS ON PROFITABILITY IMPROVEMENTS
July – September 2019
- Order bookings amounted to SEK 1,792 million (1,236)
- Income amounted to SEK 1,376 million (1,359)
- The operating loss amounted to SEK 5 million (40)
- Cash flow from operating activities amounted to a negative SEK 164 million (9)
- The loss for the period amounted to SEK 27 million (55)
- Taking internal deliveries to Karlastaden into account, as well as accounting changes regarding tenant-owner projects, income amounted to SEK 1,476 million and operating profit to SEK 9 million. Cash flow from operating activities was adversely impacted in the amount of SEK 88 million by in-house production of tenant-owner apartments, and in the amount of SEK 39 million by internal deliveries to Karlastaden.
- Earnings per share after dilution amounted to a negative SEK 1.20 (2.42)
January – September 2019
- Order bookings amounted to SEK 5,632 million (3,692)
- The order backlog amounted to SEK 7,662 million (7,303)
- Income amounted to SEK 4,472 million (4,525)
- Operating profit amounted to SEK 13 million (86)
- Cash flow from operating activities amounted to a negative SEK 728 million (positive 1)
- The loss for the period amounted to SEK 19 million (profit 32)
- Taking internal deliveries to Karlastaden into account, as well as accounting changes regarding tenant-owner projects, income amounted to SEK 4,899 million and operating profit to SEK 63 million. Cash flow was adversely impacted in the amount of SEK 289 million by in-house production of tenant-owner apartments, and in the amount of SEK 132 million by internal deliveries to Karlastaden.
- Earnings per share after dilution amounted to a negative SEK 0.85 (positive 1.38)
- The equity/assets ratio was 39.3 percent (36.4)
Ola Serneke, CEO Serneke Group, comments:
“On the positive side, we saw continued good order bookings for the contracting operations during the quarter and considerable underlying need for public investment in housing, schools and other public properties.”
“We are not satisfied with the earnings trend or the declining growth. We face the challenges ahead with considerable humility, but also with determination and vigor. During the third quarter, we worked intensively to plan a major reorganization as part of a package of measures aimed at ensuring the company’s long-term competitiveness.”
Presentation of the Interim Report for January-September 2019
On October 25, 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-q3-2019 Presentation materials for the presentation will be available on the website one hour before the webcast begins.
To participate, please dial: +46856642706

Anders Düring
- CFO
-
Send email
- Kvarnbergsgatan 2, 411 05 Göteborg
- 0708-88 77 33
Current news
-
29/10/2020
Serneke to develop women’s correctional institution outside Gothenburg
Serneke has signed a collaboration agreement with Specialfastigheter to develop the Sagsjön women’s ...;
-
14/10/2020
Serneke to construct courthouse in Jönköping
Serneke, Castellum and the Swedish Courts have signed a turnkey contract to construct a courthouse f...;
-
6/10/2020
Serneke to construct 92 apartments in Halmstad for Rikshem
Serneke has signed a contracting agreement with Rikshem in Halmstad to construct 92 apartments in th...;
-
8/09/2020
Serneke to construct 206 apartments in Orminge
Serneke and Magnolia Bostad have signed an agreement to construct 206 apartments and an assisted liv...;
-
27/08/2020
Serneke signs land allocation agreement with the municipality of Växjö
Serneke has won a land allocation competition for the Dörren 4 property in the Vikaholm area of Växj...;
-
26/08/2020
Serneke signs letter of intent regarding on development of Motala's urban area
Serneke has signed a letter of intent with the municipality of Motala and municipal company AB Wette...;
Press releases
-
18/01/2021
Serneke's rights issue oversubscribed
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO AUSTRALIA, HONG KON...
-
30/12/2020
Change in the total number of shares and votes in Serneke
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO AUSTRALIA, HONG KON...
-
28/12/2020
Serneke publishes prospectus
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO AUSTRALIA, HONG KON...