Interim report January-June 2022
POSITIVE PERFORMANCE DEVELOPMENT DESPITE A CONCERNED WORLD
April-June 2022
- Order bookings amounted to SEK 1,598 million (2,221)
- Income amounted to SEK 2,658 million (2,274)
- Operating profit amounted to SEK 61 million (108)
- Cash flow from operating activities amounted to an outflow of SEK 227 million (inflow 50)
- Cash flow for the period amounted to an outflow of SEK 176 million (inflow 47)
- Profit for the period amounted to SEK 72 million (178)
- The equity/assets ratio was 37.9 percent (37.2)
- The sale was completed of the second part of the Auriga block in the Karlastaden district to joint venture Karlastaden Group AB, which is owned jointly by Serneke and Fastighets AB Balder.
- On May 31, Serneke Group AB repaid SEK 500 million of its bond loan ISIN SE0011256338. The amortization was conducted in accordance with the applicable terms of the bond.
January-June 2022
- Order bookings amounted to SEK 3,435 million (3,400) and the order backlog was SEK 11,234 million (13,372)
- Income amounted to SEK 4,710 million (4,224)
- Operating profit amounted to SEK 97 million (139)
- Cash flow from operating activities amounted to an outflow of SEK 232 million (inflow 48)
- At the end of the period, available cash and cash equivalents totaled SEK 771 million (775)
- Profit for the period amounted to SEK 127 million (224)
- The equity/assets ratio was 37.9 percent (37.2)
Michael Berglin, CEO Serneke Group, comments:
“Over the second quarter of the year, the external situation has shifted in the direction of increased uncertainty with regard to several factors affecting us and our industry. Despite this external turbulence, I am nonetheless satisfied to summarize our first half of the year as a period in which we continued to strengthen the company in its priority areas – profitability, balanced growth, stability, and development.”
“With interest rates and a insecure housing market characterizing demand, we derive further security from having been able to refocus the product mix in our order backlog. Compared with the situation in the second quarter of 2021, we have a larger share of projects involving public properties, industrial properties and offices and a smaller share of housing. Although underlying housing needs remain extensive, there is a risk that demand will decrease due to inflation and interest rates. The larger proportion of public projects and clients that we currently have in the portfolio brings stability.”
Presentation of the Interim Report for January-June 2022
On July 15, 2022 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-q2-2022. Presentation materials for the presentation will be available on the website one hour before the webcast begins.
To participate, please dial: +46 8 566 42 705

Anders Düring
- CFO
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Send email
- Kvarnbergsgatan 2, 411 05 Göteborg
- +46(0)70-888 77 33
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POSITIVE PERFORMANCE DEVELOPMENT DESPITE A CONCERNED WORLD
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