During the first half of the year, we completed a total of 122 residential units, 77 of them during the quarter in Slagsta Strand stage 1 in Botkyrka, southern Stockholm, where occupancy is proceeding according to plan. In connection with the completion, the property's long-term financing was secured, and we see good opportunities to divest it in line with our strategy.
Mats Brandt, CEO, Magnolia Bostad:
"The remaining 45 residences in stage C of the Öresjö Ängar project in Borås were completed during the first quarter where occupancy is underway. During the second quarter, Öresjö Ängar stage A, comprising 157 apartments, was divested and handed over. The sale frees up liquidity and increases investment capacity for new projects.
Interest in Swedish housing as an asset class remains high. We are currently engaged in several advanced dialogues and negotiations on both new deals and projects from our existing building rights portfolio. During the period, we signed three letters of intent regarding upcoming project sales and have four ongoing cooperation and planning agreements with contractors. At the same time, the market is selective, and negotiations with international counterparts often involve a longer process. As a result, a number of deals that were planned to close during the quarter have been delayed, which is also reflected in the quarter's results. The negotiations are progressing according to plan, and we believe the deals can be completed. In parallel, we are continuing to streamline operations, which frees up time for value-creating work and strengthens our ability to drive more projects going forward.
After just over six months as CEO of Magnolia, I can conclude that the company is well positioned for growth. Our broad and deep expertise in business and project development is combined with an organisation characterised by strong commitment, collaboration and a drive to continue developing the business. To make the most of this going forward, we are prioritising an increased transaction focus and taking a clearer position in the market. The forward funding model forms the basis for new business, and we are broadening our offering to more segments, such as detached houses and residential care homes. We will act in a disciplined manner and prioritise business opportunities where we allocate capital efficiently.
A big thank you to all colleagues, customers and partners for the quarter. I wish you all a pleasant summer! At the same time, we remain fully focused on continuing to drive our business forward and creating value for the remainder of the year."
1 January-30 June 2026
- Net sales amounted to SEK 309 m (382).
- The operating loss was SEK 87 m (-161).
- The loss for the period before tax was SEK 186 m (-284) and the loss after tax was SEK 186 m (-284)
1 April -30 June 2026
- Net sales amounted to SEK 266 m (344).
- The operating loss was SEK 85 m (-97).
- The loss for the period before tax was SEK 136 m (-150) and the loss after tax was SEK 136 m (-150)
Events 1 April-30 June 2026
- Sold Öresjö Ängar stage A, a completed rental property with 157 apartments in Borås.
- Completed Slagsta Strand stage 1 with 77 apartments in Botkyrka.
Events after the end of the period
- No significant events have occurred after the end of the period.
For more information, please contact:
Mats Brandt, CEO
mats.brandt@magnoliabostad.se
Svenjo Behrens, Acting CFO
svenjo.behrens@magnoliabostad.se
Erik Tobisson, Head of Financing & IR
+46 70 050 52 40, erik.tobisson@magnoliabostad.se
This information is information that Magnolia Bostad AB 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 2026-07-08 07:45 CEST.
About Magnolia Bostad
Magnolia Bostad (publ), co. reg. no. 556797-7078, is a property developer that develops new housing in attractive locations in Sweden's metropolitan areas. The company was founded in 2009 and operates from offices in Stock-holm and Göteborg. Our work is guided by a holistic approach where business is carried out in a way that promotes long-term sustainable urban development. The company's bonds are listed on Nasdaq Stockholm. More information is available at www.magnoliabostad.se
