SAMHÄLLSBYGGNADSBOLAGET I NORDEN AB (PUBL), INTERIM REPORT JAN-JUN 2024 IN BRIEF:

• Rental income for the period amounted to SEK 2,121m (2,317).
• Rental income increased by 7.2 percent in comparable portfolios.
• Net operating income amounted to SEK 1,455 million (1,568).
• Net operating income increased by 8.9 percent in comparable portfolios.
• Profit from property management, excluding exchange rate differences, amounted to SEK 1,430m (1,116).
• Cash flow from operation activities before changes in working capital was SEK -13m (917).
• Profit before tax amounted to SEK -4,805m (-14,151), of which:
• Profit before financial items, value changes in properties and goodwill amounted to SEK 899m (1,323), including acquisition and restructuring costs of SEK -35m (-24).
• Changes in the values of properties amounted to SEK -3,579m (-6,971).
• Profit from joint ventures and associated companies amounted to SEK -1,987m (-3,661).
• Financial items amounted to SEK 230m (-2,813), of which profit from the early redemption of loans amounted to
• SEK 798m (-112) and exchange rate differences amounted to SEK -30m (-2,112).

• Changes in the values of financial instruments amounted to SEK -34m (-1,949).

• Profit for the period amounted to SEK -3,429m (-13,064) after deduction of deferred tax of SEK 1,392m (1,374) and current tax of SEK -337m (-365), corresponding to profit per Class A and B ordinary share of SEK -2.70 (-10.17) before dilution.

• The value of the property portfolio amounted to SEK 54,417m (73,205).
• Long-term net asset value (EPRA NRV) was SEK 14,647m (27,616), corresponding to SEK 10.07 (18.99) per share before dilution.

"During the quarter, we implemented a series of measures within the framework of the new strategy to ensure the company's liquidity while the underlying business continued to develop strongly, and net operating income in the comparable portfolio continued to increase. The strategy remains to seek a broadening of the shareholder base in Sveafastigheter, which is now well organized and well consolidated."

Leiv Synnes, CEO

Attachment: Interim Report January - June 2024

For further information, please contact:
Helena Lindahl, Treasury Director, ir@sbbnorden.se,press@sbbnorden.se

This information is such that Samhällsbyggnadsbolaget i Norden AB (publ) is obliged to publish in accordance with the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted by the above contact persons for publication on 28 August 2024 at 8:00 a.m. CEST.

Samhällsbyggnadsbolaget i Norden AB (publ) (SBB) is the Nordic region's leading property company in social infrastructure. The Company's strategy is to long term own and manage social infrastructure properties in the Nordics and rent regulated residential properties in Sweden, and to actively work with property development. Through SBB's commitment and engagement in community participation and social responsibility, municipalities and other stakeholders find the Company an attractive long-term partner. The Company's series B shares (ticker SBB B) and D shares (ticker SBB D) are listed on Nasdaq Stockholm, Large Cap. Further information about SBB is available at www.sbbnorden.se.