Atrium Ljungberg AB Reports Earnings Results for the Fourth Quarter Ended December 31, 2020
February 09, 2021
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Atrium Ljungberg AB (publ) announced earnings results for the fourth quarter ended December 31, 2020. For the fourth quarter, the company announced total revenue was SEK 673 million compared to SEK 737 million a year ago. Net income was SEK 690 million compared to SEK 1,044 million a year ago. Basic earnings per share was SEK 5.35 compared to SEK 8.07 a year ago. For the full year, total revenue was SEK 2,839 million compared to SEK 2,811 million a year ago. Net income was SEK 867 million compared to SEK 2,807 million a year ago. Basic earnings per share was SEK 6.69 compared to SEK 21.59 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.