SG Nordic has continued its growth in the Danish market while improving its operating margin.
Net Operating income has increased in 2017 to DKK 85.1 million vs. 70.8 million in 2016 (20% increase).
EBIT has increased to DKK 72.4 million from DKK 56.1 million in 2016 (29% increase) and the Operational results after financing has improved by DKK 15.4 million to DKK 54 million (40% increase).
The 2017 net results (DKK 42.3 million) are lower than previous year due to extraordinary income from sales of building rights in 2016.
Erez Karti, CEO of SG Nordic: “SG Nordic has continued to show significant operational growth in 2017 as in previous years while maintaining responsible acquisition strategy, operational administration and financial management. We are looking forward to continue this trend in 2018”.