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Selvaag Bolig ASA: Selvaag Bolig ASA - sold homes for NOK 750 million

Selvaag Bolig sold 208 residential units with a combined value of NOK 750
million during the third quarter of 2015. The company had 1 426 homes under
construction at 30 September.

"Demand for new homes is high in Greater Oslo, Bergen and Trondheim, and we
have sold well in all our projects for these markets," says CEO Baard

"We have good products and very competitive prices. However, better sales than
expected in earlier periods mean we had fewer homes for sale this past
quarter. We're launching several major projects in the fourth quarter, and
will be further strengthening our land bank."

Selvaag Bolig started construction of 204 homes during the third quarter,
completed 172 units and delivered 202 to their buyers.

At 30 September, the company had 25 homes which were completed but unsold, and
1 426 under construction.

During the first nine months of the year, Selvaag Bolig sold 726 homes with a
total value of NOK 2.46 billion. That compared with 653 with a total value of
NOK 2.25 billion during the same period of 2014.

The company sold 259 homes with a combined value NOK 915 million in the third
quarter of last year.

Further information from

Baard Schumann, CEO, Selvaag Bolig ASA
Telephone: +47 940 80 000, e-mail: bs@selvaagbolig.no

Sverre Molvik, CFO, Selvaag Bolig ASA
Telephone: +47 401 00 585, e-mail: smo@selvaagbolig.no

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 60-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


This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.


This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Selvaag Bolig ASA via Globenewswire


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