During the first quarter, Besqab's net sales according to segment reporting amounted to SEK 468.8 million (511.5). The gross profit increased to SEK 101.3 million (92.3), corresponding to a gross margin of 21.6 percent (18.0). Operating profit more than doubled to SEK 63.2 million (30.3), and the operating margin rose to 13.5 percent (5.9). Profit for the period amounted to SEK 60.8 million (15.0).
During the quarter, 101 homes were sold, compared to 81 during the corresponding period last year. In addition, 52 homes were reserved in projects that had not yet started production. At the end of the period, Besqab had 1,507 homes under construction, of which 64 percent were sold or reserved. Only two completed homes remained unsold.
During the period, the Lilla Häll condominium project in Hägersten was also completed and was sold out by the end of the quarter. After the end of the period, Besqab also announced that the company had formed a joint venture with John Mattson Fastighetsföretagen for the development of residential projects in Lidingö and Solna.
Besqab is one of Skirner's strategic holdings.
Skirner is the principal owner and co-founder of Sweco AB, Europe's leading consulting firm in engineering and architecture with 23,000 employees and sales of SEK 31.5 billion.
The family's and Skirner's ownership in the present Sweco dates back to 1958. The SWECO share is listed on NASDAQ OMX Stockholm.
Skirner AB
Box 5884
102 40 Stockholm
Grev Turegatan 19.5 tr
Stockholm