Atrium Ljungberg : Interim Report January – March 2024

Interim Report January - March 2024

12 Apr 2024, 07:30

- We are at the bottom of the recession, but despite the gloomy economy, there is still business to be done, and rent levels are stable. Delivering an increased in profit from property management of 14% in these times is strong, says Annica Ånäs, CEO of Atrium Ljungberg.

• Rental income amounted to SEK 755 million (SEK 712 m) - of which comparable portfolios increased by 4.9% (11.7%).
  
• Net operating income amounted to SEK 541 million (SEK 489 m) - of which comparable portfolios increased by 8.1% (14.9%).
  
• Net sales for project and construction work amounted to SEK 111 million (SEK 84 m), while gross profit totalled SEK 3 million (SEK -1 m).
  
• Income from property management amounted to SEK 373 million (SEK 326 m), corresponding to SEK 2.96 per share (SEK 2.58 per share).
  
• Unrealized changes in the value of properties amounted to SEK -7 million (SEK -401 m), which included project returns of SEK 0 million (SEK 10 m).
  
• Profit for the period amounted to SEK 406 million (SEK -292 m), corresponding to SEK 3.22 per share (SEK -2.32/share).
  
• Net letting for the period amounted to SEK -13 million (SEK 8 m) of which the company itself terminated SEK -8 million (SEK -3 m), where the majority refers to paving the way for future projects.
  
• Investments for the period amounted to SEK 433 million (SEK 466 m) while property sales amounted to SEK 0 million (SEK 1,818 m). During the quarter Katarinahuset was completed and thus was transitioned from project to management.
  

Nacka, 12/04/2024
Atrium Ljungberg AB (publ)

This information is information that Atrium Ljungberg AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. This information was provided, through the above contact person, for publication on 12 April 2024 at 07.30 CET.

Interim Report January - March 2024
Press release