Hemnet publishes Annual and Sustainability Report for 2022
Hemnet Group AB (publ) (Hemnet) has today published its Annual and Sustainability Report for 2022 which is available on the company's corporate website hemnetgroup.com in Swedish and in English.
Highlights during the year include:
- Net sales increased 22.1 percent to SEK 889.2m (728.1)
- Adjusted EBITDA increased 26.2 percent to SEK 448.1.2m (355.0)
- Operating profit increased 68.6 percent to SEK 377.5m (223.9)
- Total distribution to shareholders of SEK 374.0m, from dividend and share repurchases
- In line with the company’s dividend policy, the board of directors proposes a dividend of SEK 1.00 (0.55) per share, corresponding to approximately one third of earnings per share and an increase of +81.8%.
Cecilia Beck-Friis, CEO at Hemnet:
“Hemnet’s results for 2022 highlight strong growth and execution, despite a challenging second half of the year for the property market. Our accelerated product development pace, high consumer and real estate agent demand, and our resilient business model have all been key factors behind this year’s strong results that exceeded all of our financial targets. We have during the year also taken steps within all of our sustainability areas and in our strive to become one of Sweden’s best employers, live by strong ethical principles, combat climate change, and create positive social impact.”
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Notes to editors
Press enquiries
Jessica Sjöberg, Chief Communication and Brand Officer
M: +46 730 68 99 33
E: jessica.sjoberg@hemnet.se
IR enquiries
Jens Melin, Interim CFO
M: +46 709 99 33 59
E: jens.melin@hemnet.se
Nick Lundvall, IR Manager & Head of Corporate Development
M: +46 76 145 21 78
E: nick.lundvall@hemnet.se
This is information that Hemnet Group AB (publ) is obliged to make public pursuant to the Securities Markets Act. The information was submitted for publication at 13:30 CET on 31 March 2023.
About Hemnet
Hemnet operates the leading property platform in Sweden. The company emerged as an industry initiative in 1998 and has since transformed into a "win-win" value proposition for the housing market. By offering a unique combination of relevant products, insights and inspiration, Hemnet has built lasting relationships with buyers, sellers, and agents for more than 20 years. Hemnet shares a mutual passion for homes with its stakeholders and is driven by being an independent go-to-place for people to turn to for the various housing needs that arise through life. This is mirrored in the Company’s vision to be the key to your property journey, supplying products and services to improve efficiency, transparency and mobility on the housing market. Hemnet’s is listed on Nasdaq Stockholm (‘HEM’).
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