SAMHÄLLSBYGGNADSBOLAGET I NORDEN AB (PUBL):
The year in brief:
- Rental income amounted to SEK 3,708m (4,581).
- Rental income increased by 5.5 percent in comparable portfolios.
- Net operating income amounted to SEK 2,572 million (3,209).
- Net operating income increased by 7.1 percent in comparable portfolios.
- Profit from property management, excluding exchange rate differences, amounted to SEK 1,728m (2,304).
- Cash flow from operating activities before changes in working capital was SEK 546m (1,222).
- The loss before tax amounted to SEK -7,174m (-20, 722), of which:
- Profit/loss before financial items, changes in value of properties and goodwill are included in the amount of SEK 1,627m (2,241), including acquisition and restructuring costs of SEK -25m (-90).
- Changes in value of properties are included in the amount of SEK -5,422m (-13,321).
- Goodwill reversal regarding deferred tax amounted to SEK -351m (-227) and goodwill impairment amounted to SEK -1,076m (-).
- The loss from joint ventures and associated companies was included in the amount of SEK -1,611m (-5,560).
- Financial items amounted to an expense of SEK 98m (-1,258), of which profit from the early redemption of loans is included in the amount of SEK 1,138m (-36) and exchange rate differences in the amount of SEK -328 m (-144).
- Changes in the values of financial instruments are included in the amount of SEK -193m (-2,580).
- The loss for the period amounted to SEK -6,153m (-21,874) after the deduction of deferred tax of SEK 1,646m (2,796) and current tax of SEK -625m (-443), corresponding to a loss per Class A and B ordinary share of SEK -4.54 (-16,00) before dilution.
- The value of the property portfolio amounted to SEK 55,653m (73,205).
- Long-term net asset value (EPRA NRV) was SEK 12,598m (18,635), corresponding to SEK 8.66 (12.81) per share before dilution.
The fourth quarter in brief:
- Rental income amounted to SEK 792 m (1,069).
- Net operating income amounted to SEK 537 m (713).
- Cash flow from operating activities before changes in working capital was SEK 199m (-276).
- Profit before tax amounted to SEK -878m (-2,833)
"By the end of 2025, the objective is to increase quality and normalize the central cost level, entailing a significant reduction in the cost level. The discontinuance of the legal dispute increases the ability to utilize cost-efficient structures and makes it easier to operate in both the banking and capital markets."
Leiv Synnes, CEO
Links
Webcast - Year-End Report 2024
Contacts
For further information, please contact:
Helena Lindahl, Treasury Director, ir@sbbnorden.se, press@sbbnorden.se
About Us
Samhällsbyggnadsbolaget i Norden AB (publ) (SBB) is one of the Nordic region's leading property company in social infrastructure. The Company's strategy is to long term own and manage social infrastructure properties in the Nordics and rent regulated residential properties in Sweden, and to actively work with property development. Through SBB's commitment and engagement in community participation and social responsibility, municipalities and other stakeholders find the Company an attractive long-term partner. The Company's series B shares (ticker SBB B) and D shares (ticker SBB D) are listed on Nasdaq Stockholm. Further information about SBB is available at www.sbbnorden.se.
This information is information that Samhällsbyggnadsbolaget i Norden AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 2025-02-19 08:00 CET.
