April-June 2025
- Revenue amounted to SEK 180.5 million (157.5), a year-on-year increase of 15 per cent.
- Net operating income amounted to SEK 109.6 million (96.9), up 13 per cent year-on-year.
- Income from property management amounted to SEK 46.5 million (37.3), a year-on-year increase of 25 per cent.
- Changes in the value of investment properties amounted to SEK 33.5 million (11.3) and changes in the value of derivatives to SEK -68.4 million (-1.7).
- Earnings totalled SEK 6.7 million (28.7), corresponding to SEK 0.04 per share (0.22).
- The loan-to-value ratio was 50.5 per cent (52.8) on 30 June with an average interest rate of 3.4 per cent (3.6) on the balance sheet date. The company only has bank borrowings.
January-June 2025
- Revenue amounted to SEK 355.6 million (314.2), a year-on-year increase of 13 per cent.
- Net operating income amounted to SEK 192.8 million (170.3), up 13 per cent year-on-year.
- Income from property management amounted to SEK 71.3 million (57.5), a year-on-year increase of 24 per cent.
- Changes in the value of investment properties amounted to SEK 273.5 million (-34.0) and changes in the value of derivatives to SEK -51.7 million (42.5).
- Earnings totalled SEK 236.0 million (32.4), corresponding to SEK 1.53 per share (0.24).
- The net realizable value per share was SEK 32.9 (32.1).
Significant events during the period
- KlaraBo signed an agreement to refinance loans totalling just over SEK 1 billion with one of the Group's existing banking partners. The new loan has a four-year term starting in the third quarter of 2025, with an interest margin below the Group's average margin.
- KlaraBo extended an existing lease with Östersund Municipality. The new lease has a contractual term of 20 years, with annual rental value of SEK 1.4 million.
- KlaraBo took possession of a property portfolio in Helsingborg on 31 January 2025 with a property value of SEK 850 million. The portfolio is deemed to have favourable potential for future value creation.
- KlaraBo announced a new number of shares and votes in the company as a result of the completed rights issue. As of 30 June 2025, the total number of shares outstanding in KlaraBo amounted to 157,885,751 (of which 16,300,000 were Class A shares and 141,585,751 Class B shares).
From Andreas Morfiadakis' CEO comment
"KlaraBo is continuing to grow. Revenue increased 15 per cent in the second quarter, with the year's general rent increase - which averaged 4.9 per cent across the property portfolio - acting as a key driver. Our increased pace in terms of value-creating activities, measured on a rolling 12-month basis, also resulted in strong organic growth. This meant that KlaraBo's rental trend in the first half of the year significantly exceeded the average increase, which is in line with our operational goal. Our latest strategic acquisition in Helsingborg of 740 apartments with an estimated initial yield of 5 per cent played an important role in our positive performance and strengthened our property portfolio.
It is also gratifying to note that we managed to improve our real occupancy rate during the quarter to 97.2 per cent, up 0.4 of a percentage point compared with the preceding quarter, and that the economic occupancy rate also rose".
Conference call and webcast presentation
KlaraBo's CEO Andreas Morfiadakis and CFO Per Holmqvist will present the interim report and answer questions at a webcast presentation and conference call at 09:00 CEST today. The presentation will be held in Swedish.
Via the audiocast you are able to ask written questions. If you wish to participate via audiocast please use the link below:
Webcast
You can ask questions verbally via the teleconference. After registration you will be provided phone numbers and a conference ID to access the conference. If you wish to participate via teleconference please register on the link below:
Teleconference
The presentation and webcast will be available at?www.klarabo.se?after the conference call.
For more information:
Andreas Morfiadakis, CEO KlaraBo
andreas.morfiadakis@klarabo.se
+46 76 133 16 61
This information is information that KlaraBo is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication, through the agency of the contact persons set out above, at 2025-07-17 08:00 CEST.
About KlaraBo
KlaraBo is a real estate company that acquires, builds, owns and manages attractive residential properties. The company was founded in 2017 and operates throughout the country. The strategy is to acquire existing residential properties as well as land for new construction in regions with population growth and a strong labour market. Our newly constructed apartments are developed in-house and space efficient, which contribute to reasonable rents. Both apartments and buildings are designed in collaboration with the municipality to fit local needs. With sustainable building material, the new construction holds a high environmental standard. KlaraBo is a long-term property owner. KlaraBo is listed on Nasdaq Stockholm and is traded under the ticker KLARA B.
