Highest operating surplus to date and continued focus on customer and cash flow

REG

Johanna Hult Rentsch, CEO of Platzer, said:

After a year characterised by revised property values in a tougher market, we reported our largest operating surplus to date. We have achieved this through our successful letting business, well-timed office projects and investments in Industrial and Logistics, which quickly generate increased cash flow and boost our investment yield. Thanks to a stronger customer focus, successful district development and ambitious sustainability indicatives, we have good reason to be cautiously optimistic about the future.

In 2023 our operating surplus exceeded SEK 1 billion for the first time. This corresponded to an increase of 21% overall and 12% for comparable property. We generated positive net lettings this quarter too, SEK 6 million, and on an annual basis we delivered the highest lettings ever in our wholly owned property portfolio of SEK 130 million. Rents grew by 18% in the financial year 2023 and rental income amounted to SEK 1,453 million. The surplus ratio also improved in the year to 78%. This was the result of solid, persistent work in the organisation to streamline our properties. 

For more information, please contact:
Johanna Hult Rentsch, CEO, Platzer, tel: +46 (0)709 99 24 05
Fredrik Sjudin, CFO, Platzer, Tel: +46 (0)721 27 77 78

This is information that Platzer Fastigheter Holding AB (publ) is obliged to disclose in accordance with the EU Market Abuse Regulation and the Swedish Securities Market Act. The information was released for publication on 26 January 2024 at 08:00 CET through the agency of the contact persons shown above.

Platzer Fastigheter Holding AB (publ) owns and develops commercial property in Gothenburg worth around SEK 28 billion. Platzer is listed on Nasdaq Stockholm, Mid Cap.

Datum 2024-01-26, kl 08:00
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