· Rental income increased to
· Income from property management increased to
· Profit for the period declined to
· Property portfolio increased to
· Earnings per share declined to
· Year ends on positive note although lettings market bides its time
· Platzer's share classified as green
· The Board of Directors proposes a dividend of
AFTER THE END OF THE REPORTING PERIOD
Land and Environment Court rejects appeals in Södra Änggården
Platzer's CEO, P-G Persson, said:
- After a good start to the year, 2020 was marked by the coronavirus pandemic. Because of our decision not to seek state aid, while also trying to always deliver good results for our shareholders, it was important to ensure that the decline in rental income was matched by similar cost savings in our property management operations. When we added up the figures for the year, we found that we were actually so successful in cutting costs that the reduction outweighed the loss of income, and this was a major factor in the increase in operating surplus. In total, the operating surplus increased by 4% from
- After reporting weakly positive net lettings in the first half of 2020, the consequences of the pandemic caught up with us in the third quarter, when our uninterrupted run of 16 quarters of positive net lettings came to a halt. However, we returned to positive figures already in the fourth quarter of the year. Nevertheless, because of the development over the year, we reported negative net lettings for the full year for the first time since 2013.
- After the end of the reporting period, we and the
For more information, please contact:
P-G Persson, CEO, Platzer, Tel: +46 (0)734 11 12 22
Fredrik Sjudin, CFO, Platzer, Tel: +46 (0)721 27 77 78
The information in this press release is information that
https://news.cision.com/platzer-fastigheter-holding-ab--publ-/r/strong-performance-in-exceptional-times,c3275980
https://mb.cision.com/Main/8443/3275980/1365143.pdf
https://mb.cision.com/Public/8443/3275980/be8c74cdb728168c.pdf
https://news.cision.com/platzer-fastigheter-holding-ab--publ-/i/vd,c2872200
https://news.cision.com/platzer-fastigheter-holding-ab--publ-/i/cfo,c2872201
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