Interim Report January – March 2023
14 Apr 2023, 07:30
– We have started the year with a healthy profit from property management, despite these challenging times. Int the first quarter we sold Skotten 6 on Drottninggatan in Stockholm. This deal is in line with our portfolio strategy and also strengthens our financial position, says Annica Ånäs, CEO of Atrium Ljungberg.
- Rental income amounted to SEK 712 million (SEK 600 m), with an increase in comparable portfolios of 11.7% (2.6%).
- The operating surplus amounted to SEK 489 million (SEK 391 m), of which comparable portfolios increased by 14.9% (1.5%).
- Net sales for project and construction work amounted to SEK 84 million (SEK 56 m) while gross profit totalled SEK -1 million (SEK -6 m).
- Profit from property management amounted to SEK 326 million (SEK 281 m) corresponding to SEK 2.58 per share (SEK 2.23 per share).
- Unrealised changes in value of properties amounted to SEK -401 million (SEK 1,309 m) which included project returns of SEK 10 million (SEK 602 m).
- Profit for the period amounted to SEK -292 million (SEK 1,870 m), corresponding to SEK -2.32 per share (SEK 14.81/share).
- Net letting for the period amounted to SEK 8 million (SEK 44 m) of which the company itself terminated SEK -3 million (SEK -10 m) to pave the way for future projects.
- Investments for the quarter amounted to SEK 466 million (SEK 463 m). There were no acquisitions in the first quarter. Property sales amounted to SEK 1,818 million (-).
- The net asset value amounted to SEK 266.70 per share, which is a decrease of 0.5% adjusted for dividends paid.
Nacka, 14/04/2023
Atrium Ljungberg AB (publ)
This information is information that Atrium Ljungberg AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. This information was provided, through the above contact person, for publication on 14 April 2023 at 07.30 CET.
Interim Report January – March 2023
Press release