The shareholders of Bonava AB (publ), 556928-0380, ("Bonava"), are hereby invited to attend the annual general meeting, to be held on Monday, 3 April 2023 at 15.00, at Finlandshuset, Snickarbacken 4, Stockholm, Sweden. Registration for the annual general meeting will open at 14.30.

The board of directors has decided that the shareholders may also exercise their voting right by postal voting, pursuant to article 13 in Bonava's Articles of Association.

Participation

Bonava is selling 75 rental apartments in Turku, Finland, to the investor eQ. The housing units are expected to be completed and handed over to the customer in the second quarter of 2024.

- We are delighted to sell this rental project in Turku. This is the seventh project in the neighbourhood that we will construct - a building with Energy Class A performance. Kirstinpuisto is our largest project in Finland, where we are developing a total of 1,400 housing units, says Riku Patokoski, Business Unit President Bonava Finland.

• Net sales amounted to SEK 6,161 M (6,377)
• Gross profit for the quarter was charged with costs of SEK 118 M in write-down of capitalised project engineering costs and risk provisions in Sweden, as well as SEK 67 M in Germany for provisions, mainly due to warranties related to closed projects.
• The gross margin was 10.6 per cent (13.3)
• Operating profit before items affecting comparability totalled SEK 394 M (595) and the operating margin was 6.4 per cent (9.3)
• The quarter was charged with SEK 56 M as a re

The intended buyer of the operations in St. Petersburg, G-Group, has not received the required approvals from the Russian authorities why the sales agreement has been cancelled. In a press release published on 17th of November 2022 we described that this risk was very likely.