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MarketScreener Homepage  >  Equities  >  NASDAQ OMX STOCKHOLM  >  Castellum AB    CAST   SE0000379190

CASTELLUM AB

(CAST)
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Castellum : Press release Q3 201015

10/15/2020 | 03:15am EST

Press release

Gothenburg, October 15, 2020

Castellum's interim report January-September 2020:

Strong period with a 9% growth in income from property management

  • Income for the period January-September 2020 totalled MSEK 4,488 (4,343 for the corresponding period last year).
  • Income from property management amounted to MSEK 2,588 (2,380), corresponding to SEK 9.48 (8.71) per share - an increase of 9%.
  • Changes in value on properties amounted to MSEK 816 (2,505) and on derivatives to MSEK -212(-417).
  • Net income after tax for the period amounted to MSEK 2,549 (3,637), corresponding to SEK 9.33 (13.31) per share.
  • Long-termnet reinstatement value (EPRA NRV) amounted to SEK 200 per share (186) an increase of 8%.
  • Net lettings for the period amounted to MSEK 191 (-38).
  • Net investments amounted to MSEK 1,996 (741) of which MSEK 317 (2,789) pertained to acquisitions, MSEK 1,800 (2,061) to new construction, extensions and reconstructions, and MSEK 121 (4,109) sales.

"Despite extreme external events, Castellum has developed stably during the first nine months of the year. We remain humble in the face of troubled times, but the good start of the year means that our shareholders can look forward to a higher dividend for the 23rd year in a row," says Henrik Saxborn, CEO of Castellum AB. "Rent payments for the fourth quarter are going very well and our portfolio composition with geographical spread, growing logistics market and a high proportion of authorities and government agencies provides growth and stability to be able to meet worse times."

Enclosure: Interim report January-September 2020

This information is information that Castellum is obliged to make public pursuant to the EU Market Abuse. The information was submitted for publication, through the agency of the contact persons set out below, at 8:00 am CET on October 15, 2020.

For further information contact:

Henrik Saxborn, CEO, Castellum AB, + 46 (0)31-60 74 50

Ulrika Danielsson, CFO, Castellum AB, +46 (0)706-47 12 61

About Castellum:

Castellum is one of Sweden's largest listed real estate companies with a property value of SEK 98 billion. We are active in 17 Swedish growth regions as well as in Copenhagen and Helsinki. Every day, 250,000 people go to work in our premises. We develop flexible workplaces and logistics solutions in close proximity to city centres and with a lettable area of 4.3 million square meters. One of our sustainability goals is to be completely climate neutral by 2030. Castellum is the only Nordic real estate company selected by the Dow Jones Sustainability Index (DJSI). The Castellum share is listed on the Nasdaq Stockholm Large Cap. For further information visit www.castellum.com

Disclaimer

Castellum AB published this content on 15 October 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 October 2020 07:14:08 UTC


© Publicnow 2020
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Sales 2020 5 959 M 705 M 705 M
Net income 2020 2 947 M 349 M 349 M
Net Debt 2020 42 637 M 5 044 M 5 044 M
P/E ratio 2020 19,5x
Yield 2020 3,24%
Capitalization 56 665 M 6 705 M 6 703 M
EV / Sales 2020 16,7x
EV / Sales 2021 16,4x
Nbr of Employees 419
Free-Float 83,1%
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Technical analysis trends CASTELLUM AB
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Income Statement Evolution
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Mean consensus HOLD
Number of Analysts 8
Average target price 197,29 SEK
Last Close Price 204,50 SEK
Spread / Highest target 12,5%
Spread / Average Target -3,53%
Spread / Lowest Target -31,5%
EPS Revisions
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NameTitle
Henrik Saxborn Chief Executive Officer
Lena Charlotte Strömberg Chairman
Anna Ulrika Danielsson Chief Financial Officer
Janne Johansson Chief Information Technology Officer
Lars Christer Harald Jakobsson Independent Director
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