· Income for the period January-
· Income from property management amounted to MSEK 794 (726), corresponding to
· Changes in value on properties amounted to MSEK 3 (689) and on derivatives to MSEK -167 (-121).
· Net income after tax for the period amounted to MSEK 482 (1,341), corresponding to
· Long term net asset value amounted to
· Net investments amounted to MSEK 643 (-726) of which MSEK 75 (2,518) were acquisitions, MSEK 568 (777) new constructions, extensions and reconstructions and MSEK 0 (4,021) sales. Property value amounted to
· Net lease for the period amounted to MSEK 99 (- 7).
"The first quarter has been strong, featuring an increase in income from property management with 9%, thanks to good cost control, efficient property-management work, along with contributions from completed projects. Further, it should be factored in that financial results for this period were only marginally affected by the ongoing Covid-19 crisis," says Henrik Saxborn, CEO,
"With Covid-19 hovering in the background, future development is difficult to assess, and timing will be everything when considering possible effects on Castellum. I am humble before the fact that our entire society will be affected but feel confident that our stable relationships with our customers and financiers, as well as the commitment and competence of our coworkers, will take us through these adverse times. It's extra gratifying that we can continue to invest in important city development projects, such as E.ON's new headquarters and the Swedish National Courts' major project in Malmö. And we have more government projects on the drawing table," says Saxborn.
Enclosure: Interim report January-
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
For further information contact:
Henrik Saxborn, CEO,
Castellum is one of the largest listed real estate companies in
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