(Oslo ,3 January 2022 )Solon Eiendom has sold a total of 728 units with a total sales value of 4 167 million in 2021, which is by far an all-time high for the company, compared to 513 units with a total sales value ofNOK 3 057 million in 2020. "We are extremely satisfied with sales in 2021. We have seen an increase in sales value of more thanNOK 1 billion from last year. Sales for 2020 were somewhat driven by the acquisition of Solon Sørvest, with several existing projects for sale and under construction. This year the vast majority of sales are generated from new Solon-projects, which have been very well received by customers." says CEOAndreas Martinussen .Solon Eiendom sold 194 units with a total sales value ofNOK 876 million in the fourth quarter of 2021, compared to 239 units andNOK 1 314 million in sales value for the fourth quarter of 2020. During the fourth quarter,Solon Eiendom completed construction of 268 units and delivered 264 to the buyers. Due to the settlement structure of the acquisition of Solon Sørvest in 2020, 117 of the delivered units are not expected to generate significant income for the company. These units are for the fourth quarter mainly delivered from the second stage of the Bystranda Blå project in Kristiansand. For 2021, 730 units were completed, and 743 units delivered to the buyers. Units sold adjusted forSolon Eiendom's share of joint ventures amounted to 108 units with a total sales value ofNOK 532 million in the quarter, compared to 193 units andNOK 1 103 million for the fourth quarter of 2020. For 2021 units sold adjusted forSolon Eiendom's share of joint ventures amounted to 542 units with a total sales value ofNOK 3 221 million, compared to 418 units andNOK 2 548 million in sales value for 2020. Units sold referred to above are sales contracts with customers pursuant to the Norwegian Housing Construction Act and are expected to generate sales revenue for the company upon delivery to the customer. Further information:Andreas Martinussen , Chief Executive Officer,Solon Eiendom ASA Tel: +47 400 00 405, e-mail: am@soloneiendom.no Finn ØisteinNordam , Chief Financial Officer,Solon Eiendom ASA Tel: +47 982 89 382, e-mail: fon@soloneiendom.no About the company:Solon Eiendom ASA is a residential property developer that focuses on theGreater Oslo region, other larger cities inNorway and inStockholm, Sweden .
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