· Rental income increased to
· Income from property management increased to
· Profit for the period increased to
· Property portfolio increased to
· Earnings per share increased to
·
· After the end of the reporting period: Platzer and Bockasjö set up joint venture (JV) to develop Sörreds Logistikpark
· After the end of the reporting period: Of expected rental income, 96% had been received eight working days after the due date, which is in line with previous quarters.
Platzer's CEO, P-G Persson, said:
"I am incredibly grateful that we enter this crisis in better shape than ever before. We have solid major shareholders, a large proportion of bank borrowings, a high and stable surplus ratio, and strong suppliers, cooperation partners and building contractors, as well as skilled and driven staff. These things count in our favour and mean that we are in an incredibly stable position and able to endure in these times of great turmoil.
"Because rents are normally paid quarterly in advance, paradoxically, the first quarter of 2020 was a record quarter for Platzer. The operating surplus was
"After many years of hard work, our large detailed development plan for Södra Änggården was given the go-ahead by the
"After the end of the reporting period we launched the joint venture Sörreds Logistikpark together with Bockasjö, which represented a large step in project development of our logistics properties at Torslanda."
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
The English text is an unofficial translation.
https://news.cision.com/platzer-fastigheter-holding-ab--publ-/r/platzer-stable-and-enduring-in-covid-19-outbreak,c3089388
https://mb.cision.com/Main/8443/3089388/1230256.pdf
https://mb.cision.com/Public/8443/3089388/87091ac581ac8e8a.pdf
https://news.cision.com/platzer-fastigheter-holding-ab--publ-/i/p-g-persson--vd--platzer,c2773817
https://news.cision.com/platzer-fastigheter-holding-ab--publ-/i/fredrik-sjudin--cfo-platzer,c2773818
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