K2A publishes interim report for January-March 2023

K2A Knaust & Andersson Fastigheter today published its interim report for January-March 2023. Net operating income was SEK 67.8 million. Profit after tax was SEK -156.1 million.

January-March 2023 in figures

• Rental income was SEK 110.3 million (85.6).
• Net operating income was SEK 67.8 million (49.1).
• Profit from property management was SEK 6.3 million (45.0).
• Changes in value of investment properties were SEK -168.9 million (204.6).
• Profit after tax was SEK -156.1 million (239.0), and earnings per ordinary share were SEK -2.04 (2.60).

“It is a positive development that operating activities are going better than ever, with a sharp increase in rental income and net operating income. As previously reported, 2023 will be a year of consolidation for K2A, and during April we have completed two sales that will strengthen liquidity, the balance sheet, financial KPIs and cash flow,” says Johan Knaust, CEO of K2A.

This disclosure contains information that K2A Knaust & Andersson Fastigheter AB is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014). The information was submitted for publication, through the agency of the contact person, on 27-04-2023 14:00 CET.

For further information:
Johan Knaust, CEO, +46 707 40 04 50, johan.knaust@k2a.se
Christian Lindberg, Deputy CEO, +46 707 23 39 48, christian.lindberg@k2a.se 
Ola Persson, CFO,  +46 708 32 99 93, ola.persson@k2a.se

K2A Knaust & Andersson Fastigheter AB – the green real estate company – provides long-term management of rental apartments for all types of housing and community service properties. The company's markets are in Stockholm, the Mälardalen region and a number of university towns elsewhere in Sweden. See also www.k2a.se. K2A's B shares (K2A B) and preference shares (K2A PREF) are listed on Nasdaq Stockholm.