Atrium Ljungberg AB Publ Reports Earnings Results for the Second Quarter Ended June 30, 2020
July 10, 2020
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Atrium Ljungberg AB publ announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced total revenue was SEK 732 million compared to SEK 693 million a year ago. Net income was SEK 564 million compared to SEK 1,007 million a year ago. Basic earnings per share was SEK 4.35 compared to SEK 7.74 a year ago. For the half year, total revenue was SEK 1,464 million compared to SEK 1,358 million a year ago. Net loss was SEK 570 million compared to net income of SEK 1,227 million a year ago. Basic loss per share was SEK 4.39 compared to basic earnings per share of SEK 9.42 a year ago.
Atrium Ljungberg AB, formerly LjungbergGruppen AB, is a Sweden-based company that is active within the real estate sector. The Company is engaged in the ownership, development and management of real estate property, principally in Stockholm, Malmo and Uppsala in Sweden. The Company also owns properties in Ostersund, Vasteras and Halmstad. Its property portfolio is comprised of office and retail properties, as well as residential real estate. The Company is also operational through a number of wholly owned subsidiaries, comprising TL Bygg AB, Impluvium Tio AB, Fastighets AB Blastern, Arstalunden AB, PUB AB, Suhob Fastighets AB, LjungbergGruppen Holding AB, Fastighets AB Celtica and Atrium Fastigheter AB. In addition, the Company holds stake in Sickla Industrifastigheter KB and has a number of indirectly owned subsidiaries. In February 2014, the Company acquired property Nacka Sicklaon 83:33 from Lansforsakringar Liv's subsidiary.