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ER - Selvaag Bolig ASA: Q2 2025: Sold homes worth more than NOK 2 billion in the first half year

Company: Selvaag Bolig ASA Date: 2025-07-01 Language: English Register to download

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 Selvaag Bolig ASA: Q2 2025: Sold homes worth more than NOK 2 billion in the first half year

# Selvaag Bolig ASA: Q2 2025: Sold homes worth more than NOK 2 billion in the first half year

Selvaag Bolig sold 313 homes worth NOK 2 015 million in the first half year.  

In the second quarter, the company sold 117 homes for a gross total of NOK 771  

million.  

  

"We are very pleased to report sales of more than NOK two billion in the first  

half year. Despite a calmer market in the second quarter, our sales remained  

strong with high interest in new sales starts. There is more optimism in the  

market now and we see an increased sales pace after the Norwegian Central Bank  

cut the policy interest rate," says CEO Sverre Molvik.  

  

Net sales in the second quarter, adjusted for Selvaag Bolig's share of joint  

ventures, amounted to 106 homes for NOK 690 million. Net sales for the first  

half totaled 275 homes for NOK 1 728 million.  

  

The company started construction of 171 homes during the quarter, completed 18  

homes, and delivered 40 homes to the buyer. During the first half year, the  

company started construction of 354 homes, completed 18 homes, and delivered  

74 homes to the buyer.  

  

"The good quarterly sales have allowed us to further increase the number of  

homes under construction. We now have a solid order backlog that will yield  

good results going forward. During the quarter, we have also entered into two  

new agreements for land plots in the Greater Oslo area: A land plot with  

potential of approximately 525 new homes in Nordre Follo, and a 50/50 joint  

venture in Drammen with a potential of up to 550 units total," says Molvik.  

  

"The housing market has started to recover. Interest rate cuts and wage  

increases will strengthen people's purchasing power. This will contribute to  

increased sales and result in more construction starts going forward," says  

Molvik.  

  

At 30 June, Selvaag Bolig had 1 165 homes under construction and 40 completed  

units which remained unsold. In addition, the company had 11 completed homes  

that were sold but not yet delivered to buyers.  

  

Gross sales in the corresponding quarter of 2024 amounted to 235 homes worth a  

combined NOK 1 574 million and net to 207 homes with an overall value of NOK 1  

385 million. Corresponding figures for the first half of last year were 389  

homes gross worth NOK 2 441 million, and 346 homes net worth NOK 2 144  

million.  

  

Units sold are sales contracts entered into with customers pursuant to the  

Norwegian Housing Construction Act and the Tenancy Act in Sweden.  

  

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About Us  

Selvaag Bolig ASA is a residential development company that manages the entire  

value chain from acquisition of land to completed residential and urban areas.  

The company represents a continuation of Selvaag's 75-year history and  

experience and has several thousand homes under development in growth areas in  

and around the largest cities in Norway and Sweden. Selvaag Bolig offers a  

broad variety of housing types, including the lifestyle concept Selvaag  

Pluss®, which features homes with shared spaces and services.  

www.selvaagboligasa.no/en  

  

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This release was distributed by Line Lian Mjell, EVP marketing, strategy and  

sustainability, Selvaag Bolig ASA.  

  

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For further information:  

Sverre Molvik, CEO  

Telephone: +47 401 00 585, e-mail: smo@selvaagbolig.no  

  

Christopher Brunvoll, CFO  

Telephone: +47 98 82 92 22, e-mail: chbr@selvaagbolig.no  

  

Line Lian Mjell, EVP marketing, strategy and sustainability  

Telephone: +47 975 39 225, e-mail: limj@selvaagbolig.no

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