STOCKHOLM--(BUSINESS WIRE)--Regulatory News:
SSM started Metronomen (190 apartments) and completed ND Studios (46 apartments) during the quarter. At the end of the quarter SSM has 1,481 apartments in ongoing production.
1 July - 30 September 2016
Net sales amounted to SEK 189,689 thousand (40,570)
Operating profit was SEK 63,093 thousand (4,344)
The operating margin was 33.3 per cent (10.7)
Profit after tax was SEK 45,612 thousand (5,636)
On the closing date we had 1,481 (786) apartments in production
On the closing date 94 (100) per cent of apartments in production had been sold
1 January - 30 September 2016
Net sales amounted to SEK 392,693 thousand (276,076)
Operating profit was 125,355 thousand (47,038)
The operating margin was 31.9 per cent (17.0)
Profit after tax was SEK 94,077 thousand (41,027)
2,601 (56) apartments were acquired
187 (86) apartments were sold
This information is the kind of information that SSM Holding AB (publ) is obliged to make official according to EU’s regulations of market abuse regulation and/or the law regarding securities market. This information was handed in by the company’s representatives to be published publicly at 08:30 CET on November 25:th 2016 .
About SSM Holding AB (publ)
SSM is a residential property development company in the Stockholm region. It sets itself apart by building homes for the urbanites of tomorrow and aspires to offer the most popular apartments in urban areas. With a vision to open the housing market to as many as possible, SSM offers cost-efficient homes for singles and couples with the highest functionality built into every square meter, close to the city and public transportation. In 2016, SSM will start building 768 homes. Read more at www.ssmfastigheter.se.
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