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Magnolia Bostad’s Year-end Report 2015

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– Magnolia Bostad had a very successful year in 2015.  We posted strong growth in its project portfolio, conducted business with both established and new partners, completed an IPO of the company's shares and strengthened its organization, says Fredrik Lidjan, CEO of Magnolia Bostad.

Full year 2015 in brief:

  •  Operating profit: SEK 357.1 million (47.3)
  •  Profit after tax: SEK 306.7 million (29.2)
  •  Earnings per share: SEK 7.60 (0.95)
  •  The Board of Directors proposes a dividend for 2015 of SEK 1.00 (0.20) per share

The fourth quarter in brief:

  •  Operating profit: SEK 95.7 million (52.2)
  •  Profit after tax: SEK 79.0 million (45.0)
  •  Earnings per share: SEK 1.77 (1.46)

Significant events during the quarter

  •  Magnolia Bostad's share was qualified for Nasdaq First North's index, First North 25.
  •  Magnolia Bostad enters into a land allocation agreement with Knivsta Municipality for 200 apartments in central Knivsta.
  •  Magnolia Bostad wins land competitions in Helsingborg and Norrtälje. These competitions refer to an additional allocation of over 300 rental apartments covering two blocks in Mariastaden, Helsingborg and around 200 apartments in the future Lommarstranden neighborhood in Norrtälje Municipality.
  •  Magnolia Bostad starts sales for the Kanikenäsholmen project, which consists of 92 tenant-owned apartments in Kvarteret Varvet, Karlstad.
  •  Magnolia Bostad acquires around 280 building rights from NCC Boende AB in Limhamn in Malmö. The company also signs an agreement with SPP Fastigheter AB for the sale of all of the rental apartments that will be developed on the properties. The total property value upon completion totals approximately SEK 500 million.
  •  Magnolia Bostad enters into a letter of intent with Alecta for the sale of more than 2,000 rental apartments spread across six projects over the next two years.
  •  Magnolia Bostad acquires land in Nyby, Uppsala, where the company plans to build approximately 400 apartments. The company also signs an agreement for the sale of 325 of these apartments to SEB's residential housing fund, Domestica II. These apartments will be rental units.
  •  Magnolia Bostad acquires land from Skanska Sweden in downtown Helsingborg where the company plans to build 327 rental apartments. The company also signs a contract for the sale of the apartments to Alecta. The total property value upon completion totals around SEK 550 million.
  •  Magnolia Bostad signs a declaration of intent with a Swedish institution for the sale of approximately 450 rental apartments that will be built as part of the Uppsala Kungsängen 25:1 property. The property value at completion totals approximately SEK 1 billion.

The full report is available at: www.magnoliabostad.se/investorrelations/

  
For more information, please contact:
Fredrik Lidjan
CEO
+46 70 223 43 47
fredrik.lidjan@magnoliabostad.se

Erik Rune
CFO
+46 73-399 40 30
erik.rune@magnoliabostad.se 

  
Magnolia Bostad was founded in 2009 with the vision of creating modern homes and residential environments through smart functions and attractive architecture. The company develops new housing, both rental apartments and tenant-owned apartments, mainly in attractive locations in Sweden’s larger cities and regional capitals. We operate with a holistic view that aims to achieve long-term sustainable development for the society at large.
Magnolia Bostad is listed on Nasdaq First North. Erik Penser Aktiebolag is engaged as the Certified Adviser for the Company.

More information about Magnolia Bostad can be found at www.magnoliabostad.se 

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Magnolia Bostad Q4 2015

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