1. ALLA AKTIER
  2. NYHETER
  3. SVEAFASTIGHETER

Sveafastigheter

Nyheter Sveafastigheter Nyheter alla bolag

Correction of Interim Report January -March 2025

MARKN.

On 13 May 2025, Sveafastigheter published its interim report for January-March 2025, in which an error was identified after publication. The error identified and corrected relate to incorrectly reported profit from property management of SEK 56m for Q1 2025, on pages 2, 26 and 27 of the report, where the correct information is that profit from property management amounted to SEK 60m in Q1 2025 and SEK 222m rolling 12 months.
The correction of the profit from property management also affects the reported interest coverage ratio rolling 12 months, but does not change the reported key ratio. The error is attributable to the human factor. Sveafastigheter has given a correction sheet for the interim report January-March 2025 which is available on Sveafastigheter's website. It should be read together with the interim report published on 13 May 2025.

 KEY RATIOSJan-Mar 2025Jan-Mar 2024Jan-Dec 2024
Rental income, SEKm3763121,361
Net operating income, SEKm217166860
Profit from property management, SEKm60-3160
Value change investment properties, SEKm-72-579-1,188
Profit/loss for the period, SEKm39-714-1,125
Earnings per share, SEK0.19n/a-8.15
    
NOI margin, %585363
NOI margin incl. property administration, %514556
Occupancy rate, %94.994.394.6
    
Fair value of investment properties, SEKbn28.224.428.1
Number of apartments managed14,79413,05114,669
Number of apartments currently under construction9088091,030
Number of apartments currently in project development6,7167,8326,844
    
Loan-to-value, %425142
Interest coverage ratio (12 months), multiple2.2n/a2.2
Long-term net asset value, SEKbn16.013.815.9
Long-term net asset value, SEK/share79.77n/a79.49


 PROFIT FROM PROPERTY MANAGEMENT1 Jan 20251 Jan 20241 Jan 2024
Amounts in SEKm31 Mar 202531 Mar 202431 Dec 2024
Profit/loss before tax0-656-1,019
Value changes in financial instruments-141240
Value changes and tax, joint venture-62-49
Value changes, investment properties725791,188
Impairment/write-down of goodwill200
Profit from property management60-3160


 INTEREST COVERAGE RATIO (ROLLING 12 MONTHS)   
Amounts in SEKm31 Mar 202531 Mar 202431 Dec 2024
Profit from property management222-160
Reversal of one-off costs72-61
Reversal of net interest450-483
Total744-704
    
Net interest-450--483
Interest on subordinated loans to owners103-166
Lease expense6-4
Total-342--314
    
Interest coverage ratio, multiple2.2n/a2.2

For further information, please contact:
Kristel Eismann, Head of Treasury and IR, ir@sveafastigheter.se

About Sveafastigheter
Sveafastigheter owns, manages and develops people's homes. The property portfolio consists of a wide range of rental apartments in growth regions in Sweden. The buildings are managed and developed with a local presence and commitment. Sveafastigheter develops and builds new sustainable housing where the demand for housing is the greatest. The company’s Certified Adviser is FNCA Sweden AB.

Attachments
Correction of Interim Report January -March 2025

Datum 2025-05-13, kl 14:00
Källa MFN
Bifogade filer
Correction of Interim Report January -March 2025
Affiliate
Skapa konto direkt med BankID hos Skilling så får du tillgång till tusentals finansmarknader inom valuta, aktier, krypto och mycket mer. Välj bland 1200+ CFD-instrument över 7 tillgångsklasser till konkurrenskraftiga priser. Skilling erbjuder också en kapitalförsäkring.
CFD är komplexa instrument och har en hög risk att förlora pengar snabbt på grund av hävstång. 77% av icke-professionella kunder förlorar pengar när de handlar med CFD med denna leverantör.