Q1'26: mid-quarter update

Better sales, but higher risk on 2027 estimates

Selvaag Bolig ASA: 5 directors

Five Directors at Selvaag Bolig ASA sold 550,888 shares at between 33.590NOK and 34.220NOK. The significance rating of the trade was 69/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over ...

Q4 above, lifts FY'26 guidance

Strong, but heavy lifting ahead

Solid and as expected

Sales and EBIT in line adj for NOK 7.5m pos one-offs. Outlook: Gradually improvement, but Q1 will face higher cost

Whack-a-mole

Europe weakness offsets Asia performance

Q4 to mirror Q3, but expectations bite

Focus on H1'26 sales starts

Player growth still muted

'26 lined up, '27 still to be proven

'26e completions guidance above

Too much pump, then numbers slump

Q3 below on Norway

Sales and EBIT -1% and -11% below. Norway explains the miss. Consensus to lower FY'25e estimates by 2-4%, '26e could follow

Cyber theft issues seem too stubborn

Asia drags down performance

A higher gear ahead

Cutting '27e on weaker-than-expected sales

Evidence of market-wide weakness