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Year-End Report 2023

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Our focus has been on building the sustainable city with a mix of offices, retail, residences, services and culture for a long time. By doing so we ensure the long-term attractiveness and relevance of the locations. This strategy is now proving its strength and we are well-prepared for 2024, says Annica Ånäs, CEO of Atrium Ljungberg.

  • Rental income amounted to SEK 2,821 million (SEK 2,550 m) – of which comparable portfolios increased by 9.9% (4.4%).
     
  • The operating surplus amounted to SEK 2,016 million (SEK 1,707 m) – of which comparable portfolios increased by 14.4% (1.7%). 
     
  • Net sales for project and construction work amounted to SEK 412 million (SEK 256 m) while gross profit totalled SEK 2 million (SEK -26 m).
     
  • Profit from property management amounted to SEK 1,365 million (SEK 1,127 m), corresponding to SEK 10.82 per share (SEK 8.93 per share).
     
  • Unrealised changes in the value of properties amounted to SEK -1,658 million (SEK 2,671 m) which included project returns of SEK 24 million (SEK 1,416 m).
     
  • Profit for the year amounted to SEK -954 million (SEK 4,288 m), corresponding to SEK -7.56 per share (SEK 33.97 per share).
     
  • Net letting for the year amounted to SEK 53 million (SEK 115 m) of which the company terminated SEK -15 million (SEK -69 m) to pave the way for future projects.
     
  • Investment for the year amounted to SEK 2,155 million (SEK 6,072 m) while property sales amounted to SEK 1,826 million (SEK 49 m). During the year, Parkhusen Block 2 in Gränbystaden, Uppsala, was completed, and as per 31 December SEK 35 million was recognised, corresponding to 65% of the apartments taken into possession.
     
  • In December the Board of Directors proposed a new dividend policy entailing that around 1/3 of the profit from property management will be distributed. The Board of Directors proposes a dividend of SEK 3.50 per share (SEK 5.30 per share), to be distributed on two occasions, corresponding to a dividend share of 32%.
     

Nacka, 31/01/2024
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. The information was submitted for publication, through the agency of the contact person set out above, at 07:30 CET on 31 January 2024.

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 70 properties and valued at SEK 59 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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