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Interim Report January – September 2021

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With the new ownership structure that came into force in September, we will accelerate our development of a larger self-management portfolio. During Q3, we started production of just over 600 residential units, of which around 190 relate to sales of a project in Enköping. We took another step forward in our sustainability work and together with other property companies started Sustainable Stockholm 2030 (HS30).

January–September 2021

  • Net sales amounted to SEK 552 m (1,785).
  • The operating profit was SEK 64 m (+627). Changes in the value of investment properties contributed positively with SEK 107 m (+96).
  • The net loss before tax for the period was SEK 70 m (+497) and the loss after tax was SEK 98 m (+486).
  • Earnings per share after deductions for minority shares was SEK -2.25 (11.90).

July–September 2021

  • Net sales amounted to SEK 93 m (281).
  • The operating profit was SEK 90 m (+187). Changes in the value of investment properties contributed positively with SEK 65 m (+126).
  • The net profit before tax for the period was SEK 43 m (+145) and the loss after tax was SEK 29 m (+119).
  • Earnings per share after deductions for minority shares was SEK 0.74 (3.00).

Significant events July–September 2021

  • Acquired land for the development of around 650 residential units in Eskilstuna, Järfälla, Nynäshamn and Svedala.
  • Acquired a larger conference centre in Österåker to be converted into a school for around 800 students.
  • Won a land allocation for the development of around 125 student residencies in Göteborg.
  • Production started just over 600 residential units, of which around 190 relate to the sale of units in Enköping.
  • Delisting on 17 September of Magnolia Bostad's shares from Nasdaq Stockholm due to F Holmström Holding 6 AB holding over 90% of the shares and votes. F Holmström Holding 6 AB is controlled by Holmströmgruppen as well as funds and entities that are managed and advised by Areim AB.

Significant events after the end of the quarter

  • Fully redeemed bonds maturing in 2022, totalling SEK 430 m.
  • Issued additional green bonds amounting to SEK 225 m under the existing framework maturing in March 2025.

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For more information, please contact:
​​​​​​​Johan Tengelin, CEO
johan.tengelin@magnoliabostad.se

Fredrik Westin, Deputy CEO, CFO
fredrik.westin@magnoliabostad.se
+46 72 720 00 06

The information Magnolia Bostad publishes in this report is required in accordance with the EU Market Abuse Regulation (EU) No 596/2014. The information was submitted for publication, through the agency of the contact persons, on 21 October 2021 at. 07.45 a.m. CEST.

Magnolia Bostad AB, CIN 556797–7078, is a leading urban developer that develops new residential properties primarily rental apartments but also tenant-owned apartments, community service properties and hotels, in attractive locations in Sweden's growth areas and major cities. Housing is being developed both for sale and for self-management. Our work is based on a holistic approach where the operations are conducted in a way that promotes long-term, sustainable urban development. More information is available at  www.magnoliabostad.se

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Magnolia Bostad Interim Report January – September 2021

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