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    HUFV A   SE0000170375

HUFVUDSTADEN AB (PUBL)

(HUFV A)
  Report
Delayed Quote. Delayed Nasdaq Stockholm - 07/30 11:29:35 am
157.4 SEK   +0.83%
06/22HUFVUDSTADEN : President to retire at year-end 2021
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06/22HUFVUDSTADEN : President to retire at year-end 2021
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Hufvudstaden : to develop the Johanna block in Gothenburg and selects NCC as main contractor

05/19/2021 | 02:01am EDT

In Fredstan, at the heart of Gothenburg, a stone's throw from the Central Station, is Hufvudstaden's Johanna* block, comprising four existing buildings and the so-called "Johanna site" that has remained undeveloped since a fire. A major development project is now being initiated, during which the block will undergo careful remodelling and new construction, while buildings of cultural and historical interest will be preserved.

"The development of the Johanna block is one of Hufvudstaden's largest projects during the 2000s. The ambitions are very high and we will create something entirely unique in this block. Following excellent cooperation with the city of Gothenburg during the planning process, it now feels very positive that we have signed a partnership agreement with NCC and can commence work on the project," says Fredrik Ottosson, Head of the Gothenburg Business Area, Hufvudstaden.

The Fredstan city district will gain modern and flexible store and office premises that strengthen and develop the core of the city. The block will have a total floor space of approximately 44,000 sq.m., of which approximately 22,000 sq.m. will comprise newly developed areas. Some preparatory work will be conducted in the properties in 2021, with remodelling to commence at the start of 2022. The entire project is scheduled for completion at the end of 2025.

"This project is large, contains many complex elements and is also to be conducted in central Gothenburg. This places high demands on us as contractors and we are now looking forward to turning this into a reality in cooperation with Hufvudstaden," says Henrik Landelius, Business Area Manager, NCC Building Sweden.
  

Stockholm, 19 May 2021

HUFVUDSTADEN AB (publ)

 

* The Johanna block has the property designations Inom Vallgraven 12:10 and 12:11.

Questions to be addressed to:
Anna Gustafsson, Acting Press Officer, anna.gustafsson@hufvudstaden.se  telephone +46 (0)70-710 74 12.


 

Hufvudstaden
+46-8 762 90 00
info@hufvudstaden

https://news.cision.com/hufvudstaden/r/hufvudstaden-to-develop-the-johanna-block-in-gothenburg-and-selects-ncc-as-main-contractor,c3349143

https://mb.cision.com/Main/2433/3349143/1419116.pdf

https://news.cision.com/hufvudstaden/i/entre-sodra-hamngatan,c2914124

(c) 2021 Cision. All rights reserved., source Press Releases - English

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Financials
Sales 2021 2 164 M 252 M 252 M
Net income 2021 764 M 88,9 M 88,9 M
Net Debt 2021 8 419 M 979 M 979 M
P/E ratio 2021 39,3x
Yield 2021 2,34%
Capitalization 30 541 M 3 551 M 3 551 M
EV / Sales 2021 18,0x
EV / Sales 2022 16,6x
Nbr of Employees 137
Free-Float 51,6%
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Number of Analysts 6
Last Close Price 157,40 SEK
Average target price 135,67 SEK
Spread / Average Target -13,8%
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Managers and Directors
Ivo Stopner President
Åsa Roslund Chief Financial Officer & Head-Finance
Lars Fredrik Elis Lundberg Chairman
Claes Gösta Boustedt Independent Director
Peter Arvid Nils Egardt Independent Director
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