Summary period January –
· Income increased by 17 per cent and amounted to
· Net operating income increased by 20 per cent to
· Profit from property management, excluding transaction costs related to the business combination of KMC Holdco AS, increased by 48 per cent to
· Profit before tax amounted to
· Earnings per share amounted to
· Net asset value per share increased to
· During the period, a total of four properties were acquired of at a total property value of
· In March, a directed share issue to new and existing shareholders was carried out in an accelerated bookbuilding procedure. A total of 18,940,000 ordinary shares of series B were issued, of which
Summary quarter April –
· Income increased by 17 per cent and amounted to
· Net operating income increased by 22 per cent to
· Profit from property management, excluding transaction costs related to the business combination of KMC Holdco AS, increased by 50 per cent to
· Profit before tax amounted to
· Earnings per share amounted to
· At the end of April,
· During the quarter,
· In June,
Significant events after the end of the balance sheet date
Following the authorization to issue new shares at the Extraordinary General Meeting on 9 July and approval by the
“During the first half of the year, including the merger with KMC, we have acquired properties worth close toSEK 8 billion and have come much closer on reaching our operational growth target ofSEK 15 billion by the end of 2024. The merger with KMC takes the two companies to a whole new level. KMC is a company we have had at the top of our list for a merger with for several years and it is with great pleasure that we can now state that the deal has been completed.
Adjusted for transaction costs arising from the merger, we report our strongest profit from property management ever, with an increase of 20 percent compared to the previous quarter. Furthermore, our loan-to-value ratio amounts to a low 44 percent and net lettings for the quarter are positive by almostSEK 3 million” says CEONiklas Zuckerman .
At 10:00 today, Friday 12 July, there is a possibility to watch a presentation of the Interim Report. The report will be presented by Logistea’s CEO
If you wish to participate via teleconference, please register via this link. After registration, you will receive phone numbers and a conference ID to access the conference. It will be possible to ask questions verbally via the teleconference.
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