Interim Report January – June 2023

– We have continued to report positive net letting, while profit from property management has increased by 24%. This is a result of strong rental growth, effective cost control and stable net interest income, says Annica Ånäs, CEO of Atrium Ljungberg. In June we launched Stockholm Wood City – the world’s largest urban wooden construction project. I am so proud of this initiative, which has attracted widespread international coverage. This is a milestone, not only for our company, but also for Swedish innovation, concludes Annica Ånäs.

• Rental income amounted to SEK 1,411 million (SEK 1,218 m), with an increase in comparable portfolios of 12.2% (2.3%).
   
• The operating surplus amounted to SEK 987 million (SEK 818 m), of which comparable portfolios increased by 15.0% (1.3%). 
   
• Net sales for project and construction work amounted to SEK 176 million (SEK 105 m) while gross profit totalled SEK 1 million (SEK -19 m).
   
• Profit from property management amounted to SEK 658 million (SEK 550 m) corresponding to SEK 5.22 per share (SEK 4.35 per share).
   
• Unrealised changes in the value of properties amounted to SEK -989 million (SEK 4,051 m), which included project returns of SEK 20 million (SEK 1,243 m).
   
• Profit for the period amounted to SEK -440 million (SEK 4,873 m), corresponding to SEK -3.49 per share (SEK 38.58/share).
   
• Net letting for the period amounted to SEK 31 million (SEK 96 m) of which the company itself terminated SEK -5 million (SEK -28 m) to pave the way for future projects.
   
• Investments for the period amounted to SEK 1,006 million (SEK 4 710 m), of which SEK 0 (SEK 3,728 m) was for acquisitions. Property sales amounted to SEK 1,825 million (SEK 49 m). In the second quarter, Parkhusen block 2 in Gränbystaden, Uppsala was completed, with a profit of SEK 27 million recognized (the equivalent of 54% apartments being taken into possession).
   
• The net asset value amounted to SEK 264.42 per share, which is a reduction of 1.3% adjusted for dividends paid.   

Nacka, 06/07/2023
Atrium Ljungberg AB (publ)

This information is information that Atrium Ljungberg AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. This information was provided, through the above contact person, for publication on 6 July 2023 at 07.30 CET.

For additional information, please contact:

Annica Ånäs, CEO Atrium Ljungberg, tel. +46 (0) 703 41 53 37, annica.anas@al.se

Ulrika Danielsson, CFO Atrium Ljungberg, tel. +46 (0) 70-647 12 61, ulrika.danielsson@al.se

Atrium Ljungberg is one of Sweden’s biggest listed property companies. We own, develop and manage properties in growth markets in Stockholm, Uppsala, Gothenburg and Malmö. Our focus is on developing attractive urban environments for offices and retail, supplemented with residentials, culture, service and education. The total letting area is approximately 1 million m², distributed across around seventy properties and valued at SEK 58 billion. Our retail hubs draw almost 60 million visitors on an annual basis and our areas include more than 30,000 workers and students as well as 1,000 residents. Our project portfolio will enable us to invest the equivalent of approximately SEK 40 billion in the future. Atrium Ljungberg is listed as ATRLJ-B.ST on the Nasdaq Stockholm Large Cap list. Find out more at www.al.se