Fastator’s interim report for the first quarter of 2016 is now published
Financially, the company can look back on a strong quarter: profit for the period was MSEK 35.0 (33.9) and the return on equity grew from 7.6% in the year-earlier period to 19.6%. In addition, Fastator’s net asset value increased substantially and now amounts to MSEK 472.5 (339.6).
The strong financial result is proof that our business model works. When the company now enters the second quarter, it has an attractive offering to present to investors and the capital market. Fastator’s current holdings report strong value growth and the focus during the coming months will continue to be on evaluating attractive acquisition opportunities that offer healthy return potential. As a result of the strong demand for Fastator’s services, the company is now focusing additionally on capital procurement:
“We have a business that we firmly believe in and we see that demand for our services is increasing among entrepreneurs and property owners throughout Sweden. In the future, we will work even more intensively to strengthen our capital base,” says Daniel Hummel, CEO of Fastator.
Fastator’s report on the first quarter of 2016 is available on the company’s www.fastator.se website and is published in Swedish and English.
The quarter January – March
Profit for the period MSEK 35.0 (33.9)
Earnings per share after dilution SEK 2.49 (2.71)
Return on equity 19.6% (7.6)
Net asset value MSEK 472.5 (339.6)
Net asset value per share after dilution SEK 33.57 (28.30)
For more information, please contact:
Daniel Hummel, CEO
+46 (0) 70 661 24 29
Erika Kveldstad, CFO
+46 (0)70 339 99 99
Aktiebolaget Fastator (publ) is a Swedish investment company that invests in property-related companies run by entrepreneurs. The company’s share has been traded on Nasdaq First North Stockholm since 24 September 2015. The company’s Certified Adviser is Erik Penser Bankaktiebolag, tel. +46 (0)8-463 80 00. This is information of the type that Fastator is obligated to disclose in accordance with the Swedish Securities Market Act and/or the Financial Instruments Trading Act. The information was submitted for publication on 25 May 2016 at 7:00 a.m.