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Interim Report January – September 2023

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– Our profit from property management is continuing to develop well with growth in the third quarter of 26%, which like earlier quarters is due to good rental growth, good cost control and stable net interest income, says Annica Ånäs, CEO Atrium Ljungberg. We are continuously working to improve our management efficiency, prioritize among our projects and regulate the capital structure. It is pleasing to see that our efforts are getting results, Annica Ånäs concludes.

  • Rental income amounted to SEK 2,111 million (SEK 1,879 m) – an increase of 12.4% (11.0%), of which an increase in comparable portfolios of 10.9% (3.9%).
     
  • The operating surplus amounted to SEK 1,516 million (SEK 1,262 m) – an increase of 20.1% (9.6%), of which an increase in in comparable portfolios of 14.9% (1.0%). 
     
  • Net sales for project and construction work amounted to SEK 270 million (SEK 154 m) while gross profit totalled SEK -1 million (SEK -26 m).
     
  • Profit from property management amounted to SEK 1,024 million (SEK 840 m) corresponding to SEK 8.12 per share (SEK 6.66 per share).
     
  • Unrealised changes in the value of properties amounted to SEK -1,443 million (SEK 4,138 m), which included project returns of SEK 20 million (SEK 1,412 m).
     
  • Profit for the period amounted to SEK -404 million (SEK 5,305 m), corresponding to SEK -3.20 per share (SEK 42.02/share).
     
  • Net letting for the period amounted to SEK 70 million (SEK 124 m) of which the company terminated SEK -8 million (SEK -30 m) to pave the way for future projects.
     
  • Investments for the period amounted to SEK 1,418 million (SEK 5,370 m), of which SEK 4 (SEK 3,729 m) was for acquisitions. Property sales amounted to SEK 1,825 million (SEK 49 m). During the second quarter, Parkhusen block 2 in Gränbystaden, Uppsala was completed, and as per 30 September SEK 31 million was recognized in profit, corresponding to 62% of the apartments being taken into possession.
     
  • The net asset value amounted to SEK 263 per share, which is a reduction of 1.8% adjusted for dividends paid.   


Nacka, 12/10/2023

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. This information was provided, through the above contact person, for publication on 12 October 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 30 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

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