Scandinavian House Development SA (“Scandinavian House” or the “Company”) wants to inform its shareholders that the company has successfully signed contracts in its order book of around 6 million CHF value. These orders will be fabricated and delivered in 2014 whereby a large part will be delivered during the second quarter of the coming year. These orders include seven houses with five apartments in each house, located in famous Swedish ski resort Åre.
In addition to the signed orders, Scandinavian House is currently in negotiations for additional offers at a value of approx. CHF 11 million. These offers under negotiation include one big costumer for up to 156 small apartments with a contract value of CHF 5 million. The other offers are projects like preschools and student homes, smaller apartments. Scandinavian House expects that in particular these markets could show a large and long-term growing demand for the types of buildings which our Company is specialized in.
SCANDINAVIAN HOUSE DEVELOPMENT SA
Route d’Oron 2, 1010 Lausanne, Switzerland
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