AB SAGAX -
Rental revenue increased 18% to
SEK 1,185 M (SEK 1,007 M in the year-earlier period). -
Profit from property management increased 5% to
SEK 994 M (943). -
Profit from property management per Class A and B share after dilution amounted to
SEK 2.75 (2.76). -
Property revaluation had an impact on profit of
SEK 61 M (-659). -
Revaluation of financial instruments had an impact on profit of
SEK 197 M (-525). -
Profit after tax for the quarter was
SEK 1,080 M (-267). -
Cash flow from operating activities before changes in working capital rose 8% to
SEK 905 M (838), corresponding toSEK 2.49 (2.43) per Class A and B share after dilution. -
Net investments in properties amounted to
SEK 955 M (162), of which acquisitions accounted forSEK 707 M (19).
ADJUSTED FORECAST FOR 2024
Profit from property management for 2024, meaning profit before revaluations and tax, based on the current property portfolio, announced acquisitions and divestments and current exchange rates, is expected to amount to
For further information, please contact CEO
About
This constitutes information that
Every care has been taken in the translation of this press release. In the event of discrepancies, however, the Swedish original will supersede the English translation.
https://news.cision.com/sagax/r/first-quarter-of-2024,c3975805
https://mb.cision.com/Main/414/3975805/2786103.pdf
https://mb.cision.com/Public/414/3975805/b9630fd65e355c31.pdf
(c) 2024 Cision. All rights reserved., source
