“As expected, in 2024 interest rates fell slightly and the property market stabilised. We expect 2025 to also be a cautious year, before the market improves more clearly, driven by increased activity in the transaction market. Holmström Fastigheter focused on strengthening the company’s financial position to create long-term stability and ensure a sustainable capital structure. To achieve this, we carried out an issue in kind and divested the shareholding in Ankarhagen, with the sale of assets being used to reduce the debt burden and repay parts of the bond loan. Furthermore, the maturity of the bond loan was extended.” – Fredrik Holmström, CEO
 
COMMENTS TO THE RESULTS
 
JANUARY – DECEMBER 2024
· Rental income amounted to SEK 46 m (48).
· Net operating income was SEK 27 m (27).
· Profit/loss from associated companies and joint ventures had a negativ impact of SEK -42 m (-749), of which approximately SEK -37 m can be traced to Vincero Fastigheter and to a loss in connection with the sale of the shares in the unlisted real estate company Ankarhagen Holding AB (“Ankarhagen”).
· At the time of the sale of Ankarhagen, the purchase price amounted to SEK 120 m with an accumulated effect on earnings of approximately SEK -17 m, of which approximately SEK -7 m can be attributed to the sale of shares, while approximately SEK -10 m can be attributed to the write-down of receivables.
· Holmström Fastigheter sold the remaining shares in Klippudden Fastigheter AB (“Klippudden Fastigheter”) with a positive effect on earnings of approximately SEK 27 mkr.
· Changes in the value of investment properties was SEK 35 m (-74). The realized change in value of SEK 10 m originated in the dissolution of provisions in connection with the divestment of shares in Klippudden Fastigheter. The remaining SEK 25 m stems from unrealised changes in value and is a consequence of new lease agreements and also a slightly improved market situation.
· Profit/loss before tax for the period was SEK -25 m (-873).
 
OCTOBER – DECEMBER 2024
· Rental income amounted to SEK 11 m (12).
· Net operating income was SEK 7 m (6).
· Profit from associated companies and joint ventures was SEK -14 m (-169), primary from results from Vincero Fastigheter.
· Changes in the value of investment properties amounted to SEK 25 m (20).
· Profit/loss before tax for the period was SEK -16 m (-168).

SIGNIFICANT EVENTS OCTOBER – DECEMBER 2024
· The conditions according to the bond’s written procedure were met, where upon the the final maturity of the bond was extended by two years from ordinary maturity to 2026-10-14. In connection with the extension, SEK 80 m was amortized, while SEK 120 m matures as of 2025-10-14, and the remaining SEK 300 matures as of 2026-10-14.
 
SIGNIFICANT EVENTS AFTER THE END OF THE QUARTER
· No significant events after the end of the quarter.