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2024

Announcement from the Annual General Meeting in Wästbygg Gruppen AB (publ), held on May 7, 2024

Regulatory

An Annual General Meeting was held in Wästbygg Gruppen AB (publ), reg. no 556878-5538 (the “Company”) on May 7, 2024. A summary of the decisions made at the Annual General Meeting follows below. All resolutions have been made with required majority. Adoption of the income statement and balance sheet as well as the consolidated income statement and consolidated balance sheet and discharge from liabilityThe Annual General Meeting adopted the income...

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Wästbygg Group’s interim report for January-March 2024

Regulatory

An intermediate quarter pending effects of a strong order backlog. Wästbygg Gruppen AB (publ) presents its interim report for January-March 2024. “During Q1 we saw positive signals in the form of falling inflation, which in turn suggests interest rate cuts could be imminent. At the same time, the situation remains challenging for the construction industry, although there have been signs of increased market activity during the spring. For the Wästbygg...

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Wästbygg Gruppen AB’s (publ) Interim Report January-March 2024 to be Published 7 May– Invitation to Teleconference

Wästbygg Group will publish its interim report Januari-March 2024 on Tuesday 7 May 2024 at 08.00 (CEST). Investors, analysts, and journalists are welcome to attend the company’s audiocast with teleconference at 09.30 (CEST) on the same day. Jonas Jönehall, CEO and Peter Bryng, interim CFO, will present the report. The presentation will be held in Swedish.Date: 7 May 2024Time: Report published at 08.00 (CEST)Audiocast with teleconference at 09.30...

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Wästbygg Gruppen AB (publ) divests large logistics property in Norway

Regulatory

Wästbygg Gruppen’s subsidiary, Logistic Contractor, has signed an agreement with Niam, who is acquiring a logistics property under construction in Norway. The agreed property value amounts to 1,450,000,000 NOK. The transaction is carried out through a combination of forward funding and forward commitment. Niam will take possession of the property upon completion during the summer of 2025. The property, located in Eidsvoll north of Oslo, has been...

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Notice to Attend the Annual General Meeting of Wästbygg Gruppen AB (publ)

Regulatory

The shareholders of Wästbygg Gruppen AB (publ), corporate registration no. 556878–5538, (“Wästbygg Group” or “the Company”), are invited to the Annual General Meeting on Tuesday, 7 May 2024 at 15.00 at the new Wästbygg Group Main Office at Johan Willins Gata 6, Gothenburg. Registration at the General Meeting is initiated at 14.30. Light refreshments will be served.THE RIGHT TO PARTICIPATE AND NOTICE OF PARTICIPATION IN THE MEETINGAny...

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The CFO of Wästbygg Group leaves her position

Regulatory

Jessica Gårdmo, CFO of Wästbygg Group since 2022, has today announced that she is leaving her position and the company's executive management for new challenges outside the group. Peter Bryng is appointed interim CFO and member of the executive management. Beyond many years of experience in similar interim assignments for listed companies, Peter Bryng’s latest position was as CFO of Jula AB.- I am content that we are able to appoint Peter Bryng...

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Wästbygg Group’s year-end report for 2023

Regulatory

Stable order backlog and continued strong financial position after a challenging year. Wästbygg Gruppen AB (publ) presents its year-end report for 2023.“During 2023, the entire construction sector was heavily impacted by the economic situation. This had significant consequences, not least in the area of residential construction. The Wästbygg Group was no exception. An already sluggish residential market slowed down further in Q4, necessitating further...

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Wästbygg Gruppen AB’s (publ) year-end report 2023 to be Published 8 February – Invitation to Teleconference

Wästbygg Group will publish its year-end report 2023 on Thursday 8 February 2024 at 08.00 (CET). Investors, analysts, and journalists are welcome to attend the company’s audiocast with teleconference at 09.30 (CET) on the same day. Jonas Jönehall, CEO and Jessica Gårdmo, CFO, will present the report. The presentation will be held in Swedish.Date: 8 February 2024Time: Report published at 08.00 (CET)Audiocast with teleconference at 09.30 (CET)Link to...

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Wästbygg Gruppen AB (publ) predicts negative impact on the financial result due to write-downs in self-developed tenant-ownership projects and bankruptcies amongst sub-contractors

Regulatory

Wästbygg Group’s result for the fourth quarter of 2023 is negatively impacted mainly by costs related to bankruptcies of subcontractors as well as a more cautious assessment of future income in self-developed tenant-ownership projects caused by a stagnant housing market. Furthermore, the result is charged by write-downs of the group's assets. The total effects add up to approx. SEK -320 million. The group's operating profit for the quarter is...

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