2020 FISCAL YEAR
- Rental revenue increased 12% to
SEK 2,898 M (SEK 2,581 M for the preceding year). -
Profit from property management increased 19% to
SEK 2,389 M (2,001). -
Profit from property management per Class A and B share after dilution rose 20% to
SEK 6.62 (5.51). -
In total, property revaluation affected profit by
SEK 2,003 M (1,956). -
Revaluation of financial instruments had an impact of
SEK 210 M (884). -
Profit after tax for the year was
SEK 3,711 M (4,111). -
Cash flow from operating activities before changes in working capital rose 24% to
SEK 2,219 M (1,795), corresponding toSEK 6.09 (4.86) per Class A and B share after dilution. -
Net investments amounted to
SEK 4,795 M (2,090). -
The Board intends to convene an Extraordinary General Meeting to resolve on a reduction of share capital through redemption of all preference shares. Redemption of the preference shares is proposed to take place following the distribution of a dividend of
SEK 0.50 per preference share in April. For more information, see page 27. -
The Board of Directors proposes that the dividend per Class A and B share be raised to
SEK 1.65 (1.30). The Board also proposes a dividend ofSEK 2.00 per Class D through a quarterly payment ofSEK 0.50 . If the Extraordinary General Meeting does not vote to redeem all of the preference shares outstanding, the Board will also propose a dividend ofSEK 2.00 per preference share through a quarterly payment ofSEK 0.50 . The dividend proposal is in accordance with the company's dividend policy.
FOURTH QUARTER OF 2020
- Rental revenue increased 13% to
SEK 746 M (SEK 663 M in the year-earlier period). -
Profit from property management increased 15% to
SEK 594 M (518). -
Profit from property management per Class A and B share after dilution rose 15% to
SEK 1.65 (1.43). -
In total, property revaluation affected profit by
SEK 1,216 M (1,148). -
Revaluation of financial instruments had an impact of
SEK 108 M (192). -
Profit after tax for the period was
SEK 1,532 M (1,529). -
Cash flow from operating activities before changes in working capital rose 4% to
SEK 441 M (426), corresponding toSEK 1.17 (1.14) per Class A and B share after dilution. -
Net investments amounted to
SEK -450 M (593).
FORECAST FOR 2020
Profit from property management for 2021, meaning profit before revaluations and tax, based on the current property portfolio, announced acquisitions and divestments and current exchange rates, is expected to amount to
For further information, please contact CEO
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https://news.cision.com/sagax/r/year-end-report-2020,c3282333
https://mb.cision.com/Main/414/3282333/1369631.pdf
https://mb.cision.com/Public/414/3282333/9ebdb7f2fdfd1d07.pdf
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