Genova strengthens earnings and extends loan maturities
Genova has signed new financing agreements with banks for approximately SEK 3,400m in total. Combined with several other measures to reduce the company’s financial expenses, this will strengthen Genova’s earnings and thus its income from property management per share. Overall, the completed measures will reduce financial expenses by SEK 46m on an annual basis, while increasing loan maturities to 3.2 years and the fixed-rate period to 3.0 years. “A key component of Genova’s rapid growth is in-depth knowledge of properties combined with extensive financial expertise. By working