Aktiebolaget Fastator (publ) interim report January - June 2016
The quarter April-June
Profit for the period MSEK 36.9 (2.9)
Earnings per share after dilution SEK 2.63 (0.24)
Return on equity 7.5% (0.8)
Net asset value
Net asset value per share after dilution
Interim period January-June
Profit for the period MSEK 71.9 (36.9)
Earnings per share after dilution SEK 5.12 (3.07)
Return on equity 26.6% (21.0)
Net asset value MSEK 509.4 (349.6)
Net asset value per share after dilution SEK 36.20 (29.13)
SUCCESSFUL TRANSACTIONS AND STRONG VALUE GROWTH
The second quarter of the year was distinguished by successful transactions yielding strong financial results. Combined with the otherwise favourable performance of our holdings, I am pleased to say that Fastator’s net asset value during the quarter increased MSEK 36.9, corresponding to a profit of MSEK 36.9 (2.9) for the quarter.
We completed two major divestments during the second quarter – the sale a number of properties in the associated company Konland AB and the sale of Fastator’s last directly owned properties in Åstorp. The divestment of the property holding in Åstorp has also strengthened the company’s liquidity, enabling us to make further investments moving forward.
In the quarters ahead, it is also our ambition to offer the market bonds to further strengthen the capital base to enable more acquisitions and a higher market activity.
Daniel Hummel, CEO Fastator
Stockholm, 17 August 2016
Fastator’s report on the second quarter of 2016 is available on the company’s website www.fastator.se and is published in Swedish and English.
For more information, please contact:
Daniel Hummel, CEO
daniel.hummel@fastator.se
+46 (0)70 661 24 29
Erika Kveldstad, CFO
erika.kveldstad@fastator.se
+46 (0)70 339 99 99
This is information of the type that Fastator is obligated to disclose in accordance with the EU Market Abuse Regulation and the Swedish Securities Market Act. The information was submitted for publication by the contact persons detailed above on 17 August 2016 at 7:00 am.
ABOUT FASTATOR
Aktiebolaget Fastator (publ) is an investment company specialised in the property sector. Fastator’s business concept is to invest in entrepreneurial, property-related companies and to contribute to the achievement of unrealised potential through active, long-term ownership. Fastator’s share has been traded on Nasdaq First North Stockholm since 24 September 2015. The company’s Certified Adviser is Erik Penser Bank AB (publ), tel. +46 (0)8 463 80 00.