According Direkt compilation of analysts’ forecasts was the overall expectations operating income of 1.165 billion crowns.
It also means that the NCC delivered a lower income than the same quarter last year. This is explained by the company with only one project at NCC Property Development is able recognized. It can be contrasted with eight projects the same quarter last year.
The order intake has however over the same comparative period have risen by more than 4 000 million to 18.469 billion crowns.
The company’s CEO Peter Wågström satisfied with the NCC has performed throughout the year.
“We estimate that the future is likely to be a continued strong demand for housing.”
“I am pleased with the progress in the fourth quarter. Order intake was high and we have a good order book medoss in 2015. We also managed to prepare, sell and startabetydligt more homes in the quarter,” he writes in quarterly report.
NCC assesses the development of the housing market as favorable. Demand is high both in Sweden and Germany and the prices are rising, the company said. Housing sales to private customers within the NCC’s housing business has also increased. In total there are 1479 homes.
But it is not only private clients who jumped at NCC’s housing. Sales to investors have more than doubled.
The dividend remains, as in previous years, at SEK 12 per share – in line with analysts’ an expectation.
Shared sentences has prevailed among analysts about whether it was time to buy, hold or sell shares. But for the report, the percentage of sell recommendations shrunk.
For example, raised Danske Bank, with reference to the hot construction market, last week its price target for shares from SEK 220 to SEK 260
“We estimate that the future is likely to be a continued strong demand for housing and sold and initiated projects has grown by 8 and 7 per cent since last year,” wrote the bank in a market letter.
For example, Handelsbanken has settled lower, a price target of 230 crowns, and recommended yesterday to reduce its stake.
“NCC has missed the consensus forecast (net profit) each quarter in 2014 and we see a risk that even in the fourth quarter, “writes the bank in an analysis, according to news agency Direkt.
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