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
- +46(0)70-888 77 33
Current news
-
2/15/2022
Circus Lorensberg takes shape
Design proposals for Cirkus Lorensberg have now been selected. The proposal from the OKK+/Sandellsan...;
-
2/7/2022
Serneke to construct Havotek for H22 City Expo
Havotek will be a sustainable and urban meeting place and educational center for all who are curious...;
-
2/3/2022
Serneke constructs central kitchen in Trollhättan
Serneke and Kraftstaden Fastigheter AB in Trollhättan have signed a turnkey contract for the constru...;
-
1/19/2022
Serneke to construct 28 terraced houses in Allarp
Serneke and Högkvarteret Förvaltning och Projektutveckling AB have signed a turnkey contract for the...;
-
12/13/2021
Serneke and Specialfastigheter are taking the next step in developing Sagsjön women’s correctional facility in Lindome
Serneke and Specialfastigheter have now reached phase two of their partnership to develop the Sagsjö...;
-
11/25/2021
Serneke divests Florist project in Uppsala
Serneke has sold the Florist housing project in Rosendal, Uppsala, to Lansa Fastigheter. The agreeme...;
Press releases
-
5/23/2022
Serneke confirms early redemption of outstanding bonds with a total nominal amount of SEK 500 million
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES (...
-
5/5/2022
Serneke uses its right to conditional early redemption of outstanding bonds with a total nominal amount of SEK 500 million
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES (...
-
5/5/2022
Interim report January-March 2022
A STABLE START TO THE YEAR January-March 2022 Order bookings amounted to SEK 1,837 million (1,179)...