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Interim Report January-September 2018

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The third quarter is usually a quarter with fewer business ventures, and this was also the case this year. Activity has nevertheless been high at the company - we have achieved a positive cash flow from operating activities for both the quarter and the interim period, and we have strengthened our financial muscles by successfully issuing a new bond loan.

January - September 2018

  • Net sales amounted to SEK 1,012 m (1,063).
  • The operating profit was SEK 196 m (155).
  • The net profit for the period was SEK 92 m (78). Earnings per share, after deductions for minority shares, was SEK 2.35 per share (1.08).
  • Magnolia Bostad agreed during the period on the acquisition of 2,511 estimated building rights (5,825) and the number of residential units sold during the period was 1,292 (1,004).
  • The company's shares were listed for trading on Nasdaq Stockholm's main list on 20 June.

July - September 2018

  • Net sales amounted to SEK 214 m (194).
  • The operating loss was SEK -10 m (8).
  • The loss for the period was SEK -47 m (-21). Earnings per share, after deductions for minority shares was SEK -1.24 per share (-0,50).
  • Agreed during the period on the acquisition of 0 estimated building rights (0) and the number of residential units sold during the period was 247 (224).

Significant events during the quarter July-September 2018

  • Signed Letter of Intent with Derome regarding new production of wooden multi-family houses,600-800 homes per year over a five-year period for delivery to Magnolia Bostad's projects.
  • Sold two residential care centres, one in Motala and one in Helsingborg, totaling 134 residential care units, as well as 45 rental apartments in Helsingborg.
  • Construction started on the Ophelias Brygga project in Helsingborg, 68 apartments sold to tenant owners.

Significant events after the end of the period

  • Issued a new unsecured four-year bond loan of SEK 500 m in a framework of SEK 700 m for financing continued expansion, acquisitions and a partial repurchase of outstanding bond maturing in 2020.

For more information, please contact:
Fredrik Lidjan, CEO
+46 702 23 43 47, fredrik.lidjan@magnoliabostad.se

Fredrik Westin, CFO
+46 709 43 73 31, fredrik.westin@magnoliabostad.se

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 24 October, 2018 at. 07.30 a.m. CEST.


Magnolia Bostad AB, CIN 556797-7078 develops new residential properties, including rental apartments, tenant-owned apartments, residential care housing, hotels and student housing, in attractive locations in Sweden's growth areas and major cities. Our work is based on a holistic approach where the operations are conducted in a manner that promotes long-term, sustainable urban development. Magnolia Bostad's shares (MAG) are listed on Nasdaq Stockholm. More information is available at www.magnoliabostad.se

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Interim report Magnolia Bostad

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