Continued expansion based on a strong position
Summary for the quarter January –
· Income increased by 17 per cent and amounted to
· Net operating income increased by 18 per cent to
· Profit from property management increased by 46 per cent to
· Profit before tax amounted to
· Earnings per share amounted to
· During the quarter,
· In February,
· In March, a directed share issue to new and existing shareholders was carried out in an accelerated bookbuilding procedure. A total of 18,940,000 ordinary shares of series B were issued, where
Significant events after the balance sheet date
· At the end of April,
“The first quarter was summarised with an increase in income and net operating income of 17 per cent and 18 per cent, respectively. Profit from property management increased by a full 46 per cent, driven both by an increased property portfolio but also by lower financing costs. During the quarter,Logistea acquired properties for more thanSEK 450 million and during the past four months, the property portfolio increased by 20 per cent. The occupancy rate remains at just under 96 per cent. At the end of the quarter, we carried out a directed share issue to new and existing investors. Through the share issue, we strengthened the cash position bySEK 250 million before issue costs, funds that will be used for future transactions and value-creating investments in the existing portfolio," says CFOPhilip Löfgren .
At 09:00 today, Friday 3 May, there is a possibility to watch a presentation of the Interim Report. The report will be presented by Logistea’s CEO
If you wish to participate via teleconference, please register via this link. After registration, you will receive phone numbers and a conference ID to access the conference. It will be possible to ask questions verbally via the teleconference.
© Modular Finance, source