Balder
HemNewsroomPress releasesYear-end report January-December 2019

Year-end report January-December 2019

Regulatory press releases  –  27 Feb 2020
  • Profit from property management attributable to parent company shareholders amounted to SEK 4,023m (3,304), corresponding to an increase per share by 22 % to SEK 22.35 (18.35)
  • Long term net asset value amounted to SEK 345.76 per share (280.17)
  • Rental income amounted to SEK 7,609m (6,714)
  • Profit after tax attributable to parent company shareholders amounted to SEK 8,958m (9,308) corresponding to SEK 49.77 per share (51.71)
     

Profit from property management for the year amounted to SEK 4,604m (3,877). Profit from property management attributable to parent company shareholders increased by 22 % and amounted to SEK 4,023m (3,304), corresponding to SEK 22.35 per share (18.35). Profit from property management includes SEK 787m (658) in respect of associated companies.

Net profit after tax for the year amounted to SEK 11,526m (10,169). Net profit after tax for the period attributable to parent company shareholders amounted to SEK 8,958m (9,308), corresponding to SEK 49.77 per share (51.71). Profit before tax was affected by changes in value in respect of investment properties of SEK 9,577m (8,007), changes in value of development properties of SEK 95m (-), changes in value of interest rate derivatives of SEK -180m (-34) and profit from participations in associated companies of SEK 876m (881).

For further information, please contact:
CEO Erik Selin, tel. +46 706 074 790 or
CFO Magnus Björndahl, +46 735 582 929

This is information that Fastighets AB Balder 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 person set out above, at 08.00 CET on February 27, 2020.

 

Fastighets AB Balder is a listed real estate company which shall meet the needs of different customer groups for premises and housing through local support. Balder's real estate portfolio had a value of SEK 143.7 billion (118.1) as of 31 December 2019. The Balder share is listed on Nasdaq Stockholm, Large Cap.

Fastighets AB Balder (publ)
PO Box 53 121, 400 15 Gothenburg
Tel: +46 31 10 95 70
Corporate Identity No. 556525-6905, Registered office Gothenburg
balder.se