Copyright © Inderes 2011 - present. All rights reserved.
  • Latest
  • Markets
    • Stock Comparison
    • Financial Calendar
    • Dividends Calendar
    • Research
    • Articles
  • inderesTV
  • Forum
  • About Us
    • Our Coverage
    • Team
Third party research

Aros Bostad: Condominium starts in H2'24 - ABG

Besqab

This is a third party research report and does not necessarily reflect our views or values

Download report (PDF)
GP margins holding up better than peers
Timing of rise in consumer confidence to determine 2024 starts
Adj. P/E <10x in 2025e


Q4 report and estimate revisions

Aros delivered a Q4 report where sales grew 41% y-o-y and the GP margin amounted to ~18%. Aros started one project (111 rental apartments, part of the Patrizia deal) and sold 22 units out of the 61 that were for sale. Mid-term estimates are heavily dependent on condominium starts (see more details below), while the Q4 report itself does not lead to any major estimate revisions.
Find us on social media
  • Inderes Forum
  • Youtube
  • Facebook
  • X (Twitter)
Get in touch
  • info@hcandersencapital.dk
  • Bredgade 23B, 2. sal
    1260 København K
Inderes
  • About us
  • Our team
  • Careers
  • Inderes as an investment
  • Services for listed companies
Our platform
  • FAQ
  • Terms of service
  • Privacy policy
  • Disclaimer
Inderes’ Disclaimer can be found here. Detailed information about each share actively monitored by Inderes is available on the company-specific pages on Inderes’ website. © Inderes Oyj. All rights reserved.