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April 25, 2015 7:09 AM ET

Household Durables

Company Overview of NCC Housing Sweden AB

Company Overview

NCC Housing Sweden AB provides real estate housing development services in the Nordic region. The company is based in Sweden. NCC Housing Sweden AB operates as a subsidiary of NCC AB.

,  

Sweden

Key Executives for NCC Housing Sweden AB

Chief Executive Officer
Age: 50
President
Age: 50
Compensation as of Fiscal Year 2014.

NCC Housing Sweden AB Key Developments

NCC Housing Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

NCC Housing reported earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported net sales of SEK 2,236 million against SEK 1,506 million reported last year. Net sales were higher than in the year-earlier period due to an increase in the number of housing units delivered and recognized in profit, mainly to the investor market but also to private customers. Operating profit was SEK 237 million against SEK 15 million reported last year. Earnings for NCC Housing were higher than in the year-earlier period, mainly as a result of an increase in housing units sold to the investor market and recognized in profit at healthy margins. For the nine months, the company reported net sales of SEK 5,610 million against SEK 4,359 million reported last year. Net sales were higher than in the year-earlier period as a result of an increase in the number of profit-recognized housing units delivered to private customers and the investor market. Operating profit was SEK 438 million against SEK 122 million reported last year. Earnings were higher than in the year-earlier period as a result of an increase in the number of profit-recognized housing units and better margins. Earnings in the year-earlier period were negatively impacted by sales of rental units and land, impairment of land, restructuring costs in Sweden and higher expenses caused by an increase in project volumes.

NCC Housing Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2013

NCC Housing reported earnings results for the third quarter and nine months ended September 30, 2013. For the quarter, the company reported net sales of SEK 1,506 million against SEK 1,530 million reported last year. Operating profit was SEK 15 million against SEK 77 million reported last year. For the nine months, the company reported net sales of SEK 4,359 million against SEK 4,179 million reported last year. Operating profit was SEK 122 million against SEK 262 million reported last year. The profit decline was mainly due to losses from the sale of rental units and land, impairment of land, restructuring costs in Sweden and higher expenses caused by increased project volumes.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
June 10, 2014
74 Apartments in the Housing Project Skandi Klubb
Merger/Acquisition
May 14, 2014
180 Apartment Housing Project In Potsdam In Germany
 

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