Atrium Ljungberg : Interim Report January – June 2022
July 08, 2022 at 01:34 am EDT
Share
Interim Report January - June 2022
8 Jul 2022, 07:30
Strong net letting for the first half year but continued uncertainty in the world around us. Many property deals have been made at high levels in our subsidiary markets, which is reflected in our valuation. With stable property operations and project profits, we deliver a profit after tax of SEK 4.9 billion, says Annica Ånäs, CEO of Atrium Ljungberg.
Rental income amounted to SEK 1,218 million (SEK 1,137 m), with an increase in comparable portfolios of 2.3% (0.1%).
The operating surplus amounted to SEK 818 million (SEK 764 m), of which comparable portfolios increased by 1.3 % (0.1%).
Net sales for project and construction work amounted to SEK 105 million (SEK 609 m) while gross profit totalled SEK -19 million (SEK 125 m).
Profit before changes in value amounted to SEK 550 million (SEK 683 m) corresponding to SEK 4.35/share (SEK 5.38/share).
Unrealised changes in the value of properties amounted to SEK 4,051 million (SEK 1,131 m) which included project returns of SEK 1,243 million (SEK 389 m).
Profit for the period amounted to SEK 4,873 million (SEK 1,691 m), corresponding to SEK 38.58/share (SEK 13.32/share).
Net letting for the period amounted to SEK 96 million (SEK 7 m) of which the company itself terminated SEK -28 million (SEK -24 m) to pave the way for future projects.
Investment for the period amounted to SEK 4,710 million (SEK 1,068 m) of which SEK 3,728 million (SEK 25 m) was for acquisitions.
The net asset value amounted to SEK 277.14/share, which is an increase of 14.9%, adjusted for the dividend, compared with the start of the year.
Nacka, 08/07/2022
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 and the Securities Markets Act. The information was submitted for publication, through the agency of the contact person set out above, at 07:30 CET on 8 July 2022.
Interim report
Press release
Attachments
Original Link
Original Document
Permalink
Disclaimer
Atrium Ljungberg AB published this content on 08 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 July 2022 05:33:05 UTC.
Atrium Ljungberg AB, formerly LjungbergGruppen AB, is a Sweden-based company that is active within the real estate sector. The Company is engaged in the ownership, development and management of real estate property, principally in Stockholm, Malmo and Uppsala in Sweden. The Company also owns properties in Ostersund, Vasteras and Halmstad. Its property portfolio is comprised of office and retail properties, as well as residential real estate. The Company is also operational through a number of wholly owned subsidiaries, comprising TL Bygg AB, Impluvium Tio AB, Fastighets AB Blastern, Arstalunden AB, PUB AB, Suhob Fastighets AB, LjungbergGruppen Holding AB, Fastighets AB Celtica and Atrium Fastigheter AB. In addition, the Company holds stake in Sickla Industrifastigheter KB and has a number of indirectly owned subsidiaries. In February 2014, the Company acquired property Nacka Sicklaon 83:33 from Lansforsakringar Liv's subsidiary.