Bifogade filer
Q223 Half-year Report 2023
Prenumeration
Beskrivning
| Land | Sverige |
|---|---|
| Lista | Small Cap Stockholm |
| Sektor | Fastigheter |
| Industri | Projektering |
Our project margins are still under pressure as a result of high construction costs, inflation, more expensive financing and higher required returns, which is why we only started production on a few residential units in the last quarter. Our view is that there is a consensus in the industry that vigorous measures are needed to avoid several years of very low housing production.
A continuing extensive housing shortage risks inhibiting growth in society as well as threatening the green transition and, in the long term, creating a skills shortage in the industry. We still see the future in positive terms and are continuing to work on our current and future projects. There are many excellent projects and neighbourhoods being developed, we have over 9,000 residential units in production and our building rights portfolio is just over 17,000 rights. In terms of our long-term sustainable growth, we see it as a positive sign that Areim has signed an agreement to buy all the shares in Magnolia Bostad's ownership company. With Areim as the sole owner, we have a financially strong, stable owner that gives us the opportunity to meet the market's current challenges and take advantage of opportunities that arise.
1 January-30 June 2023
- Net sales amounted to SEK 158 m (188). The operating loss was SEK 286 m (-85), of which SEK -25 m (32) applies to changes in the value of investment properties.
- The loss before tax for the period was SEK 419 m (-161) and the loss after tax was SEK 422 m (-148).
- Earnings per share after deductions for minority shares was SEK -10.22 (-3.38).
1 April-30 June 2023
- Net sales amounted to SEK 101 m (97).
- The operating loss was SEK 179 m (-62), of which SEK -21 m (14) refers to changes in the value of investment properties.
- The loss before tax for the period was SEK 245 m (-105) and the loss after tax was SEK 246 m (-109).
- Earnings per share after deductions for minority shares was SEK -6.03 (-2.59).
Significant events 1 April-30 June 2023
- Started production of 57 residential units in Göteborg.
- Converted shareholder loan, including accrued interest, of SEK 327 m from HAM Nordic AB to an unconditional shareholder contribution.
- Areim signed an agreement to buy all the shares in Magnolia Bostad AB's owner company HAM Nordic AB. The agreement means that Areim has sole control of the company, with a focus going forward on creating the best possible conditions for long-term sustainable growth. Magnolia Bostad was previously 50% owned by Areim, 35.5% by Holmström Fastigheter and 14.5% by Holmströmgruppen.
Significant events after the end of the quarter
- No significant events occurred after the end of the quarter.