Bonava AB (publ) (BNVVF) Q2 2026 Earnings Call Transcript

Bonava AB (publ) (BNVVF) Q2 2026 Earnings Call July 17, 2026 3:00 AM EDTCompany ParticipantsAnna Fyhrlund - Head of Investor RelationsPeter Wallin -...

Company Participants Anna Fyhrlund - Head of Investor Relations Peter Wallin - President & CEO Jon Johnsson - CFO & Deputy CEO Presentation Anna Fyhrlund Head of Investor Relations Good morning, everyone, and a very warm welcome to the presentation of Bonava's Q2 report an eventful quarter with improved profitability, and we did a refinancing in the beginning of July. My name is Anna Fyhrlund, and I'm Head of Investor Relations here at Bonava. And with me here today, we have our CEO, Peter Wallin; and our CFO, Jon Johnsson.

They will take you through the highlights of this report, and we will end with a Q&A session. And you can start already now to type in your questions, and I will read them out at the end. And with that, I leave the word over to you, Peter.

Peter Wallin President & CEO Thank you very much, Anna, and good morning on this fantastic beautiful summer day. We also have a very beautiful project in front of you, which is Klockaren in Uppsala which we started in the second quarter. So let me start by walking you through the market development.

We have the quite boring title perhaps stable market development as a headline here. But underneath that is sort of a treasury hidden in terms of continued strong market in the Baltics and an improved market in Sweden, where we see both increases in activity levels as well as prices. And overall, in all our markets, this is, of course, thanks to the support that we get from high disposable income and a pent-up demand for housing.

But then in Germany, we have a little bit of hard to analyze the market right now, and it's partially because