Selvaag Bolig

"Management adopts a moderately positive tone, highlighting strong year-on-year improvements in revenue (NOK 1,590M vs NOK 568M), EBITDA, and unit deliveries, while openly acknowledging a 'still cautious' and 'uncertain' new-build housing market. For a real estate development company, this tone is typical — the sector norm involves balancing operational progress against market-dependent conditions."