CORRECTION: Selvaag Bolig ASA: Capital market update: creating value through long-term development of new homes
This is a correction of the announcement from 07:00 09.11.2017 CET. Reason for
the correction: PDF of CMU-presentation added as attachment
In connection with the presentation of its interim results for the third quarter
of 2017, Selvaag Bolig will today provide the capital market with an update on
its goals and strategies for value creation as well as a review of its business
model and views on housing market trends.
Selvaag Bolig pursues long-term housing developments and contributes to meeting
the persistent demand for new homes in Norway's largest regions and growth areas
- Greater Oslo, Bergen, Stavanger and Trondheim. Its goal is to be a leading
housebuilder in Norway measured by volume, profitability and efficiency.
"Norway has changed considerably in recent decades," notes Selvaag Bolig CEO
Baard Schumann. "The population is growing, and the towns are attracting ever
more residents. That has created a big demand for new homes in and around the
urban centres. Combined with low interest rates on residential mortgages and
limited unemployment, this means we expect sales of new homes to grow in 2018
Presentation in the Kiefer Room, Astrup Fearnley Museum, Tjuvholmen, from 09.00
Presentations will be given by CEO Baard Schumann, CFO Sverre Molvik, Olav
Selvaag from shareholder Selvaag Gruppen, and Nejra Macic from Prognosesenteret,
an independent analysis company which specialises in the construction and
property markets. Members of the Selvaag Bolig board will also be present at the
event and make themselves available during breaks and lunch.
Venue: Kiefer Room, Astrup Fearnley Museum, Strandpromenaden 2, NO-0252 Oslo,
09.00-09.30 Q3 2017 presentation
09.40-10.10 Long-term housing development, Baard Schumann, CEO
10.10-10.50 Value creation, Sverre Molvik, CFO
10.50-11.00 Selvaag Gruppen's ownership perspective, Olav Selvaag, Selvaag
11.15-11.45 The need for new housing in Norway, Nejra Macic,
11.45-12.20 Developing good projects from a solid land bank, Baard Schumann,
12.20-12.30 Strategic priorities and outlook, Baard Schumann, CEO, and
Sverre Molvik, CFO
All presentations will be given in Norwegian, with supporting materials in
Webcast and presentation materials
The presentation can be downloaded here
The presentations will be transmitted by webcast. The webcast is available here
and on the company's website. It will be possible to ask questions via the web.
An English transcript of the webcast will be available within 24 hours.
Further information from
Baard Schumann, CEO, Selvaag Bolig ASA
Telephone: +47 940 80 000, e-mail: firstname.lastname@example.org
Sverre Molvik, CFO, Selvaag Bolig ASA
Telephone: +47 401 00 585, e-mail: email@example.com
Selvaag Bolig ASA is a residential property developer controlling the entire
value chain from acquisition of land to sale of homes. The company has several
thousand homes under development at any given time, and focuses on the growth
areas in and around Greater Oslo, Bergen, Stavanger and Trondheim. Selvaag Bolig
represents a continuation of Selvaag's 70-year history and experience, and
offers a broad variety of property types marketed under the brand names Start,
Hjem and Pluss. The company is headquartered at Ullern in Oslo.
This information is subject to the disclosure requirements pursuant to section
5 -12 of the Norwegian Securities Trading Act.