COMMENTS TO THE RESULTS

JANUARY - DECEMBER 2022

• Rental income amounted to SEK 53 m (84). The decrease from previous year is due to the sale of Klippudden Fastigheter to a jointly-owned JV.

• Net operating income was SEK 26m (52).

• Operating losses from associated companies was SEK -437 m (573).

• Changes in the value of investment properties of SEK -28 m (311) are attributable to the sale of the Klippudden Fastigheter to a jointly-owned JV, generating a profit of SEK 10 m, as well as an unrealized change in value of investment properties amounting to SEK -38 m. 

• Profit for the period was SEK -455 m (826).

 
OCTOBER - DECEMBER 2022

• Rental income amounted to SEK 10 m (28). The decrease from previous year is due to the sale of Klippudden Fastigheter to a jointly-owned JV.

• Net operating income was SEK 3 m (16).

• Profit from associated companies was SEK -193 m (313) which consists of a loss in Magnolia Bostad AB of SEK -110 m, profit in Ankarhagen of SEK 9 m, as well as loss in Klippudden Fastigheter and Vincero Fastigheter of about SEK -58 m and preliminary SEK -34 m respectively.

• Changes in the value of investment properties of SEK -38 m (182) are attributable to an unrealized change in value of SEK -21 m as well as a SEK -17 m reclassification to deferred tax as part of the divestment of Klippudden to the co-owned joint venture.

• The operating profit was SEK -226 m (508).

• Profit for the period was SEK -215 m (454).

 
IMPORTANT EVENTS OCTOBER - DECEMBER 2022

• Holmström Fastigheter acquired shareholding in Ankarhagen Holding AB from Holmströmgruppen at book value. The holdings is recognised as shares in associated companies as of Q4.

 
IMPORTANT EVENTS AFTER THE END OF THE QUARTER

•  No significant events after the end of the quarter.