POSITIVE PERFORMANCE DEVELOPMENT DESPITE A CONCERNED WORLD
January-June 2022
Michael Berglin, CEO Serneke Group, comments:
"Over the second quarter of the year, the external situation has shifted in the direction of increased uncertainty with regard to several factors affecting us and our industry. Despite this external turbulence, I am nonetheless satisfied to summarize our first half of the year as a period in which we continued to strengthen the company in its priority areas - profitability, balanced growth, stability, and development."
"With interest rates and a insecure housing market characterizing demand, we derive further security from having been able to refocus the product mix in our order backlog. Compared with the situation in the second quarter of 2021, we have a larger share of projects involving public properties, industrial properties and offices and a smaller share of housing. Although underlying housing needs remain extensive, there is a risk that demand will decrease due to inflation and interest rates. The larger proportion of public projects and clients that we currently have in the portfolio brings stability."
Presentation of the Interim Report for January-June 2022
On July 15, 2022 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-q2-2022. Presentation materials for the presentation will be available on the website one hour before the webcast begins.
To participate, please dial: +46 8 566 42 705
For more information, please contact:
Anders Düring, CFO
Tel: +46 70 888 7733
anders.during@serneke.se
This information is such that Serneke is required to disclose the EU Market Abuse Regulation and the Securities Market Act. The information was submitted under the auspices of the contact person stated above, for publication on 15 July 2022 at 08.00 a.m. CET.
Serneke is a rapidly growing corporate group active in contracting and project development. The Group was founded in 2002 and today has income of nearly SEK 8.7 billion and approximately 1,200 employees, organized into three business areas: Serneke Sweden, Serneke Invest and Serneke International. Through novel thinking, the Company drives development and creates more effective and more innovative solutions for responsible construction. The Company builds and develops housing, commercial buildings, industrial facilities, public buildings, roads and civil engineering projects, and other infrastructure. The company's customers consist of both public and commercial clients. The Company's Swedish units operate nationwide and are organized into five regions: South, West, East, Central and North, and are headquartered in Gothenburg. The Company's Series B shares (SRNKE) have been listed on the Nasdaq Stockholm exchange since November 2016.
More information about Serneke Group AB can be found at www.serneke.se