Balder introduces an additional financial goal and will also provide a forecast for 2023
Fastighets AB Balder (publ) introduces an additional financial goal in connection with the 2022 year-end report. Balder’s Board of Directors has decided to introduce the financial goal Net debt/EBITDA and the key ratio shall be no more than 11 times over a period of time.
Having a balance sheet that meets the criteria for an investment grade rating and continuous access to bond financing is not simply a matter of financing strategy, but is also well in line with the risk profile that the Board of Directors is striving to achieve for the company in general.
In the 2022 year-end report that will be published at 08:00 (CET) on February 10th 2023, Balder will also provide a forecast for the 2023 fiscal year.
For further information, please contact
Erik Selin, CEO, tel. +46 (0)31-10 95 92
Ewa Wassberg, CFO, tel. +46 (0)31-351 83 99
This is information that Fastighets AB Balder 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 07:45 CET on 10 February 2023.
Fastighets AB Balder is a listed property company that owns, manages and develops residential and commercial properties in Sweden, Denmark, Finland, Norway, Germany and the United Kingdom. The head office is located in Gothenburg. As of 30 September 2022, the property portfolio had a value of SEK 213.2 billion. The Balder share is listed on Nasdaq Stockholm, Large Cap.