Lundbergs Interim Report January – September 2020
- On September 30, 2020, net asset value after deferred tax amounted to SEK 101.9 billion (SEK 411 per share), compared with SEK 96.3 billion (SEK 388 per share) on December 31, 2019. The corresponding values on November 17, 2020 were SEK 105.2 billion (SEK 424 per share).
- Consolidated net sales amounted to SEK 14,667 m. (16,531).
- Profit after financial items amounted to SEK 2,205 m. (9,885) where earnings from participation in associated companies and joint ventures amounted to SEK 611 m. (3,474). Profit after financial items excluding unrealized changes in value amounted to SEK 3,501 m. (6,903).
- Profit after taxes amounted to SEK 1,863 m. (8,437) of which non-controlling interests accounted for SEK 426 m. (2,038).
- Earnings per share attributable to the Parent Company’s shareholders totaled SEK 5.80 (25.80).
- The Covid-19 pandemic impacted sales mainly through a reduction in rental income and suspended dividends as well as a reduction in demand for paper. Furthermore, earnings were impacted by the decline in value of real estate, primarily in Hufvudstaden.
- Lundbergs’ Board of Directors has considered the issue of dividends during 2020 and has decided not to convene an Extraordinary General Meeting to decide on a dividend.
Contact:
Lars Johansson, Chief Financial Officer
Fredrik Lundberg, Chief Executive Officer
This information is such information that L E Lundbergföretagen AB (publ) is obliged to publish in accordance with the EU’s Market Abuse Regulation and the Swedish Securities Market Act. The information was published by the aforementioned CFO on November 19, 2020 at 13:30 CET.
L E Lundbergföretagen AB
+46 8-463 06 00
information@lundbergs.se
Lundbergs is a real estate and investment company.