Bifogade filer
Q323 Interim Report Jan Sep 2023 Eng
Prenumeration
Beskrivning
| Land | Sverige |
|---|---|
| Lista | Small Cap Stockholm |
| Sektor | Fastigheter |
| Industri | Projektering |
We are currently seeing an almost total slowdown in the housing market with a strong impact on the number of housing starts for 2023. The market situation is still tough and it is estimated the number of housing starts will be affected some way into 2024. The Riksbank's base rate looks set to remain at a higher level during the autumn and a bit into next year. However, inflation shows signs of easing somewhat and a slowing inflation rate can be sensed.
There is still a major need for housing, and we see a need for an aggressive housing policy to create the conditions to maintain housing construction and avoid a future housing deficit. We have over 8,700 residential units in production, all sold or intended for self-management. Our building rights portfolio consists of around 14,000 building rights and we continuously adjust it based on prevailing market conditions.
We continue to work with our projects in progress and upcoming ones, and see tendencies towards movement in the transaction market, as well as the beginnings of an increase in new business opportunities. During Q3, we acquired attractive building rights in Sollentuna, mainly for the new production of rental properties, but also for terraced houses. In addition, we acquired completed residential units from a JV and thus increased the number of units in self-management to nearly 500
1 January–30 September 2023
- Net sales amounted to SEK 234 m (220).
- The operating loss was SEK 416 m (-512), of which SEK -74 m (-195) applies to changes in the value of investment properties.
- The loss before tax for the period was SEK 618 m (-641) and the loss after tax was SEK 617 m (-581).
- Earnings per share after deductions for minority shares was SEK -15.19 (-13.96).
1 July–30 September 2023
- Net sales amounted to SEK 76 m (32).
- The operating loss was SEK 129 m (-427), of which SEK -49 m (-227) applies to changes in the value of investment properties.
- The loss before tax for the period was SEK 199 m (-480) and the loss after tax was SEK 195 m (-433).
- Earnings per share after deductions for minority shares was SEK -4.97 (-10.57).
Significant events 1 July–30 September 2023
- Gained access to 112 completed residential units for self-management in Upplands-Bro from our JV with Heimstaden.
- Acquired 128 building rights in Sollentuna municipality.
- Received an unconditional shareholder contribution of SEK 100 m from Magnolia Bostad's owner
HAM Nordic AB
Significant events after the end of the period
- Due to the market situation and future capital needs, we sold our share of the holding in JV-Stinsen, which resulted in a reduction in the building rights portfolio of around 1,500 building rights.