Interim report January-March 2021
ON THE WAY TO A STRONGER SERNEKE
January-March 2021
- Order bookings amounted to SEK 1,179 million (2,975) and the order backlog was SEK 13,126 million (10,576)
- Revenue amounted to SEK 1,950 million (1,814)
- Operating profit amounted to SEK 31 million (loss: 149)
- Cash flow from operating activities amounted to an outflow of SEK 2 million (233)
- Profit for the period amounted to SEK 46 million (loss: 106)
- At the end of the period, available cash and cash equivalents amounted to SEK 704 million (646)
- The equity/assets ratio was 36.2 percent (37.0)
- On February 24, Ola Serneke left the role as the President and CEO of the Serneke Group and as a Board member. Ola Serneke will continue to be responsible for the Company’s major projects in urban development in his role as the President of Serneke Invest. Michael Berglin, Deputy CEO of Serneke Group, will take the position of the acting President and CEO.
Michael Berglin, acting CEO Serneke Group, comments:
“Serneke is continuing to develop in line with our set plan, towards better profitability and increased stability. Having now turned to profitability gives us calm to work and strengthens us to continue to drive the important change work we are in the midst of.”
“The profit for the period was largely generated by sales of development rights structured in a basket that is transferred over time. At the same time, the construction operations continue to strengthen their delivery while keeping a conservative view of revenue recognition. We have a journey ahead of us until we achieve the goal, but the trend remains positive.”
Presentation of the Interim Report for January-March 2021
On May 6, 2021 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-q1-2021 Presentation materials for the presentation will be available on the website one hour before the webcast begins.
To participate, please dial: +46 8 519 993 83
Current news
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3/16/2023
Serneke to construct train depot in Falköping
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1/12/2023
Serneke to build 129 apartments in Lund
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1/4/2023
Serneke is rebuilding the Viskan prison in the Municipality of Ånge
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11/11/2022
Serneke to construct new court building in Vänersborg
Serneke and Hemsö Fastigheter AB have signed a turnkey contract regarding new premises for the Väner...;
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11/11/2022
Top apartment in Karlatornet sold at record price
The second of the two top-level apartments in the Karlatornet tower has now been sold. For the purch...;
Press releases
- 6/21/2023 Serneke's application for delisting has been approved and the Board of Directors has resolved not to publish the interim report for the second quarter of 2023
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6/14/2023
Notice to attend the Extraordinary General Meeting of Serneke Group AB (publ)
Shareholders of Serneke Group AB (publ) ("Serneke") or ("the Company"), corporate identity number 55...
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5/25/2023
Interim report January-March 2023
STABLE IN A SHRINKING MARKET