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Half-year report January – June 2019

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Summary January-June 2019

  • Rental income increased to SEK 1 492 million (1 281).
  • Profit from property management increased to SEK 877 million (716).
  • Changes in value of properties amounted to SEK 819 million (800) and changes in value of financial instruments to SEK -104 million (30).
  • Profit after tax for the period totalled to SEK 1 364 million (1 455).
  • Market value of investment properties was SEK 51 614 million (41 597).
  • During the period, 13 properties (13) were acquired for SEK 3 786 million (1 167) and 15 properties (10) were divested with a positive impact of SEK 77 million on earnings, excluding tax.

“Hemsö’s strong growth in profit from property management over the past year is largely due to project investments. Hemsö has subsequently completed, commenced, or is planning to commence within 12 months, the construction of 1,000 nursing home beds and 5,500 places in preschools and elementary schools”, says Nils Styf.

For more information, please contact:

Nils Styf, CEO                                            +46 8 501 170 01
Rutger Källén, CFO and Deputy CEO       +46 8 501 170 35 

Hemsö is Sweden’s leading private owner of properties for community services. The business is based on owning, managing and developing properties for nursing homes, education, health care and premises for the judicial system. Hemsö has properties in Sweden, Germany and Finland. The hallmarks of Hemsö’s business are long-term leases and stable tenants. The Third Swedish National Pension Fund is the majority owner. The total value of Hemsö’s property portfolio is SEK 51.6 billion. Hemsö’s credit rating from Standard & Poor’s has been A- since March 2015. More information can be found at: www.hemso.se

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Hemsö

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