Atrium Ljungberg : Interim Report 1 January - 30 June 2018
July 10, 2018 at 12:14 pm IST
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10 Jul 2018, 08:30
'I am proud that we have received two land allocations from the City of Stockholm in the first six months of the year. The first concerns Mälarterrassen in the emerging Slussen area. The second is for a new and very prominent district in Östra Hagastaden in Stockholm,' said Annica Ånäs,CEO. 'Our earnings forecast before changes in value for 2018 remains unchanged at SEK 1,200 million,' Ånäs added.
Net sales increased to SEK 1,311 million (1,262) with rental Income Increased to SEK 1,198 million (1,191). Rental income in like-for-like portfolio Increased by 4.4 per cent.
The letting rate amounted to 94 per cent (1/1/2018, 95), including project properties.
The operating surplus from property management increased to SEK 831 million (823), an increase of 1.0 per cent. The increase is due primarily to new rentals including rentals of projects, renegotiations, lower property costs and the effect of acquired properties. Operating surplus in the previous year was positively affected by a settlement of SEK 40 million from a rent dispute. The operating surplus margin is unchanged at 69 per cent (69).
The profit before changes in value increased to SEK 621 million (589).
The unrealised changes in the value for properties amounted to SEK 1,216million (1,356) and are mainly explained by higher net operating income as well as the market's lower yield requirements. Unrealised changes in the value of the derivatives amounted to SEK -72 million (112).
The net profit for the period amounted to SEK 1,733 million (1,638), corresponding to SEK 13.06/share (12.30).
Investments in Atrium Ljungberg's own properties increased to SEK 775 million (749).
Property acquisitions amounted to SEK 167 million (1,823).
Sales of properties amounted to SEK 127 million (-).
The forecast for 2018 Is unchanged to SEK 1,200 million for profit before changes in value. The profit after tax is considered to amount to SEK 1,852 million, corresponding to SEK 14.01/share.
Nacka 10/07/2018
Atrium Ljungberg AB (publ)
Interim report Jan-Jun 2018
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Atrium Ljungberg AB published this content on 10 July 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 10 July 2018 06:43:09 UTC
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.