Bonava AB (LTS:0RHA)

Q4 2025 Bonava AB (publ) Earnings Call Transcript

Feb 4, 2026 / 08:00 AM GMT

Release Date Price: kr13.02 (-2.91%)

Transcript

Key Points

Positve

Bonava AB (STU:66B) reported a strong finish to the year with a 15% like-for-like growth in net sales in Q4.
The company achieved a significant increase in EBIT margins, reaching close to double digits in Q4 and 6.7% for the full year, surpassing their upgraded outlook.
Bonava AB (STU:66B) has seen a 36% increase in started units, reaching almost 2,800 units, indicating strong growth momentum.
The company has maintained a solid financial position with a reduction in net debt to 2.8 billion, supported by a positive operating cash flow for the seventh consecutive quarter.
Bonava AB (STU:66B) is experiencing strong market performance in the Baltics, with high sales speed and robust margins, positioning it as a growth area for the company.

Negative

The market remains uncertain due to geopolitical factors, which could pose challenges for quicker market recovery.
In Sweden and Germany, while there are leads, converting them into binding sales contracts is taking longer than anticipated.
The Finnish market is in a 'hibernation mode,' with low levels of ongoing production and unsold completed units, awaiting market recovery.
Despite improvements, the overall market in Germany is described as slow, with long-term interest rates impacting consumer buying decisions.
The company is cautious about starting new projects without clear market demand, which could limit growth potential if market conditions do not improve.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

BONAVb.ST - Bonava AB (publ)
Q4 2025 Bonava AB (publ) Earnings Call
Feb 04, 2026 / 08:00AM GMT

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Presentation
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Unidentified_1 [1]
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Good morning everyone and a very warm welcome to the year-end presentation for Bonova, an eventful year and a very busy quarter as always. My name is Anna Val Fund, and I'm head of investor relations here at Bonova.

And with me here today I have our CEO Pieter Vallo and our CFO Jun Junson.

They will take you through the highlights of the report, and at the end you will be able to ask questions, and I can urge you right now to start typing your questions and I will read them out after the presentation.

So with that, I leave the world over to you, Peter.

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Unidentified_2 [2]
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