COMMENTS ON THE RESULTS


JANUARY - SEPTEMBER 2023
- Rental income amounted to SEK 36 million (43). The decrease from the corresponding period last year is attributable to the sale of Klippudden Fastigheter to a jointly owned JV company, which took place on 2022-02-14.
- Other income of SEK 5 million (0) is primarily a one-off effect from insurance compensation in the event of a fire, which also has corresponding costs that have affected production and operating costs.
- Net operating income amounted to SEK 21 million (23).
- Income from associated companies had a negative impact of SEK -580 million (-244).
- Change in value of investment properties amounted to SEK -94 million (9).
- Profit before tax for the period amounted to SEK -706 million (-242).
- In June 2023, Holmström Fastigheter signed an agreement to sell all the company's shares in Magnolia Bostad AB (publ)'s owner company HAM Nordic AB to Areim. In July, Holmström Fastigheter received an initial purchase price of approximately SEK 111 million. Access and payment of the company's remaining shares in HAM Nordic AB are conditional on financing and can bring in a total of up to approximately SEK 177 million to Holmström Fastigheter. In the event of a lack of financing, Holmström Fastigheter may receive up to approximately SEK 89 million in a divestment of HAM Nordic AB. The remaining shareholding at the end of the period amounts to approximately 21.8%.


JULY - SEPTEMBER 2023
- Rental income amounted to SEK 12 million (11).
- Net operating income was SEK 9 million (7).
- Result from associated companies amounted to SEK -2 million (-198), which refers to capital share from Ankarhagen and Vincero Fastigheter, which generated SEK 1 million and SEK -4 million respectively during the period.
- The change in value of investment properties during the period amounted to SEK 0 million (0).
- The result before tax for the period was SEK -8 million (-204).


SIGNIFICANT EVENTS JULY - SEPTEMBER 2023
- At the beginning of the third quarter, the Group amortized the remaining shareholder loan, corresponding to SEK 104 million.
- During the period, Holmström Fastigheter refinanced 68 percent of the existing bank debt. At the time of refinancing, this meant an increase in the average capital tie-up from 0.3 years to 2.7 years of the current bank debt.


SIGNIFICANT EVENTS AFTER THE END OF THE QUARTER
- After the end of the quarter, Holmström Fastigheter extended the short-term interest-bearing liabilities of SEK 127 million by one year.