COMMENTS TO THE RESULTS
 
 
JANUARY – JUNE 2023
 
· Rental income amounted to SEK 24 m (32). The decrease from previous year is due to the sale of Klippudden Fastigheter to a jointly-owned JV as per 2022-02-14.
· Other income amounting to SEK 4 m (0) is a one-off insurance compensation due to a fire.
Corresponding one-off costs of repairs amounting to SEK -4 m effecting the Operating and maintenance costs, i.e. a net SEK 0 m effect on Net operating income.
· Net operating income was SEK 12 m (16).
· Profit from associated companies was SEK -578 m (-46).
· Changes in the value of investment properties was SEK -94 m (9).
· Profit/loss before tax for the period was SEK -697 m (38).

 
 
APRIL – JUNE 2023
 
· Rental income amounted to SEK 12 m (12).
· Net operating income was SEK 7 m (7).
· Profit from associated companies was SEK -507 m (-46), which primarily are due to impairment of HAM Nordic-shares of SEK -502 m, to correspond with signed share purchase agreement. The remaining results from associated companies are results from Ankarhagen and Vincero Fastigheter of about SEK 1 m and SEK -6 m respectively, as per the equity method.
· Changes in the value of investment properties amounted to SEK -94 m (-19).
· Profit/loss before tax for the period was SEK -614 m (-65).
 
 
SIGNIFICANT EVENTS APRIL – JUNE 2023
 
· In June, Holmström Fastigheter signed an agreement with Areim to divest all shares in HAM Nordic AB; the parent company of Magnolia Bostad AB.
· During the period, shareholder loans amounting to SEK 350 m were converted into unconditional shareholder contribution, hence increasing the group equity.
· Holmström Fastigheter divested all Klippudden Fastigheter preferred stocks, at book value, to the JV-party Slättö during the period. The group still holds on to common shares in Klippudden Fastigheter, however to an insignificant amount, why Klippudden Fastigheter no longer will be part of the quarterly report.
 
 

SIGTIFICANT EVENTS AFTER THE END OF THE QUARTER
 
· During Q3, Holmström Fastigheter divested part of its ownership in HAM Nordic to Areim. The remaining ownership as per publication of the quarterly report was approximately 21.8%, compared to the previous 35.5%.
· In the beginning of the third quarter, the remaining shareholder loans of SEK 104 m were repaid. The isolated effect of the repayment results in an adjusted equity ratio of 43%.
· In August, Holmström Fastigheter refinanced 68% of existing bank debt, and hence extending the average duration of bank debt from 0.3 years to 2.7 years as of the end of August 2023.