We have greatly increased developing properties for self-management. Value development on investment properties and sales drive the quarter's results.
January -
· Net sales amounted to
· The operating profit was
· The net profit before tax for the period was
· Earnings per share after deductions for minority shares was
July -
· Net sales amounted to
· The operating profit was
· The net profit before tax for the period was
· Earnings per share after deductions for minority shares was
Significant events July -
· Reclassification of projects for developing as self-managed properties. These now make up 56% of the building rights portfolio.
· Formed new joint ventures with Heimstaden Bostad and
· Signed agreements for the acquisition of four projects for the development of 2,345 estimated building rights, of which 2,090 for self-management in Kungsbacka, Haninge and Upplands Bro.
· Production start and sale of 231 residential units in Partille to Heimstaden Bostad.
· Production start of four projects of 890 residential units for self-management, of which one project is a community service property.
Significant events after the end of the quarter
· Issue of new, unsecured, green bond loan of
For more information, please contact:
fredrik.lidjan@magnoliabostad.se
fredrik.westin@magnoliabostad.se
Tel. +46 72 720 00 06
The information
https://news.cision.com/magnolia-bostad-ab/r/interim-report-january---september-2020,c3220527
https://mb.cision.com/Main/12686/3220527/1322290.pdf
https://mb.cision.com/Public/12686/3220527/ac109b2812e2f43b.pdf
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