JANUARY - JUNE 2021

- Rental income amounted to SEK 29 million.
- Net operating income was SEK 18 million.
- Operating profit was SEK 60 million. Losses in associated companies had a negative impact of SEK 51 million. Changes in the value of investment properties made a positive contribution of SEK 96 million. SEK 75 million of the change in value is attributable to the acquisition of assets from the F Holmström Group.
- Profit before tax was SEK 52 million and profit for the period was SEK 29 million.
 

APRIL - JUNE 2021

-
Rental income amounted to SEK 26 million.

- Net operating income was SEK 17 million.
- The operating result was SEK 13 million. Losses in associated companies had a negative impact of SEK 22 million. Changes in the value of investment properties made a positive contribution of SEK 21 million.
- Profit before tax was SEK 5 million and profit for the period was SEK -2 million.
 

KEY EVENTS APRIL - JUNE 2021

-
Issued a bond with a nominal amount of SEK 300 million.

- Acquisition of nine investment properties in Kalmar and Norrköping.
 

KEY EVENTS AFTER THE END OF THE QUARTER

On July 7, Holmström Fastigheter, together with companies within the Holmström Group and Areim, announced a cash offer to the shareholders of Magnolia Bostad for a consideration of SEK 76 per share. On August 20th, the bid was declared unconditional after shareholders representing 97.55 percent of the shares and votes in Magnolia Bostad accepted the offer. Compulsory redemption of the remaining shares in Magnolia Bostad is required. The offer values Holmström Fastigheter's shares in Magnolia Bostad at SEK 1,150 million, which is SEK 308 million above the book value as of the second quarter of 2021. In the third quarter, the appreciation will thus have a positive earnings effect of SEK 308 million.

For more information, please contact:

Erik Rune, CEO Holmström Fastigheter Holding AB (publ)

073 399 40 30, erik.rune@holmstromgruppen.se.