- Rental income increased to
SEK 691 million (613) - Income from property management amounted to
SEK 312 million (347) - Unrealised change in the value of properties amounted to
SEK -620 million (2,539) - Result for the period of
SEK -328 million (3,097*) - Value of property portfolio increased to
SEK 28,574 million (26,994) - Earnings per share
SEK -2.74 (25.85) - Investments and acquisition of three properties in Sörred Logistikpark drive growth
- Affirmed BBB- investment grade credit rating with stable outlook
- New sustainability-linked finance agreement drives long-term sustainability work in combination with reduced financing costs
- Office rental of 3,800 sq. m. in Lilla Bommen
* Reported share of profit of associates was adjusted downwards retroactively, see comment on pages 12 and 14 in the Interim Report.
Platzer's CEO, P-G Persson, said:
- For Platzer, the rise in the policy rate, combined with the subdued situation in the property market, means negative impacts in the form of falling property values, reduced net asset value and rising net financial costs. On the other hand, strong demand in the rental market, combined with property acquisitions, has brought positive effects such as an increased operating surplus, strong net lettings and record-high earning capacity.
- Thanks to our strong financial position, our lettings in project properties and our profitable investments, we were able to continue to show growth in our operations even in times of greater uncertainty and negative changes in value.
- I am proud to say that the art of property management is flourishing in our company. The operating surplus in the first six months of the year increased by 15.2% to
- This is my 39th CEO's Comment since Platzer was listed in
Presentation of Report - today at 10.00 (CEST)
At
Platzer's CEO P-G Persson and Fredrik Sjudin, CFO, will present the results for the second quarter of 2023. The presentation will be in English and will be followed by a Q&A session.
Direkt link to webcast
To watch and participate in the webcast presentation, please use the link below. Questions can be submitted in writing via the webcast.
https://ir.financialhearings.com/platzer-fastigheter-q2-2023/register
Teleconference link
To participate in the teleconference, please register using the link below. Following registration, you will receive a telephone number and conference ID for logging into the teleconference. In the teleconference there will be an opportunity to ask questions verbally.
https://conference.financialhearings.com/teleconference/?id=200799
Information and registration at Financialhearings.com:
https://financialhearings.com/event/46465
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
This is information that
https://news.cision.com/platzer-fastigheter-holding-ab--publ-/r/increased-operating-surplus-and-positive-net-lettings-in-subdued-property-market,c3800182
https://mb.cision.com/Main/8443/3800182/2172728.pdf
https://mb.cision.com/Public/8443/3800182/a99cdce5f303ce92.pdf
https://news.cision.com/platzer-fastigheter-holding-ab--publ-/i/p-g-persson--vd--platzer,c3197425
https://news.cision.com/platzer-fastigheter-holding-ab--publ-/i/fredrik-sjudin--cfo--platzer,c3197426
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