Diös Fastigheter’s Interim Report Jan-Mar 2020

The first quarter of the year has been very strong. Net leasing amounts to SEK 31 million, and income from property management increases by 8 percent compared to the same period last year. Given the current pandemic and its consequences, there is no doubt that we are facing the greatest ordeal of our time.
 

• Income increase was 5 per cent and totals SEK 478 million (457)
• Property management income increase was 8 per cent and totals SEK 229 million (212)
• Unrealized changes in property values amounted to SEK 10 million (60) and for derivatives to SEK 1 million (0)
• Profit after tax was SEK 189 million (230)
• Earnings per share were SEK 1.42 (1.71)

− We deliver a very strong result for the first quarter with the highest surplus ratio in the company's history. The impact of Covid-19 on our operations is difficult to assess. In the pressured situation that many tenants are in, our most important task is to conduct individual dialogues in order to be able to act proactively and take supportive measures. Together we can get through this difficult time, says Knut Rost, CEO.

For further information, please contact:

Knut Rost, CEO Diös Fastigheter
Phone: +46 (0)10-470 95 01
E-mail: knut.rost@dios.se

Rolf Larsson, CFO Diös Fastigheter
Phone: +46 (0)10- 470 95 03
E-mail: rolf.larsson@dios.se

This information is information that Diös Fastigheter AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 07:00 CEST on April 23, 2020.

Diös Fastigheter owns and develops both commercial and residential properties in prioritized growth cities. With a market value of approx. SEK 23.2 billion, a portfolio of 333 properties and a lettable area of 1,483,000 sq.m, our vision is to create the most inspiring cities in Sweden. The market extends from Borlänge to Luleå, and the company’s head office is in Östersund. Since it started in 2005, the company has had continuous growth in the value of its property portfolio and its shares are listed on NASDAQ OMX Stockholm, Mid Cap. Find out more about Diös at www.dios.se

Diös Fastigheter AB (publ), Box 188, SE-831 22 Östersund | Phone: +46 770-33 22 00, info@dios.se, www.dios.se | Corp Id: 556501-1771

Tags: