Year-end Report January – December 2021
In 2021, we completed over 1,000 new residential units, started production on just over 1,600 units and added just over 3,600 units to our building rights portfolio, which at the end of the year amounted to just over 20,000 building rights. By the end of 2026, the number of completed properties for self-management must be over 6,000 completed units.
January – December 2021
• Net sales amounted to SEK 1,268 m (2,358).
• The operating profit was SEK 260 m (906), of which SEK 128 m (336) refers to changes in the value of investment properties.
• The net profit before tax for the period was SEK 75 m (725) and the profit after tax was SEK 50 m (688).
• Earnings per share after deductions for minority shares was SEK 1.59 (17.40).
October – December 2021
• Net sales amounted to SEK 716 m (572).
• The operating profit was SEK 196 m (278), of which SEK 22 m (239) refers to changes in the value of investment properties.
• The net profit before tax for the period was SEK 145m (227) and the profit after tax was SEK 148 m (202).
• Earnings per share after deductions for minority shares was SEK 3.83 (5.50).
Significant events October – December 2021
• Won two land allocation competitions for a total of around 500 residential units in Kungälv.
• Sold a total of 534 residential units, in Sundbyberg and Greater Göteborg.
• Formed JV with Niam for joint development of around 350 residential units in Göteborg.
• Listed the company's second green bond on the Sustainable bond list, Nasdaq Stockholm.
Significant events after the end of the quarter
• Won a land allocation competition in Skellefteå.
• Received an unconditional shareholder contribution of SEK 400 million from HAM Nordic AB.
• The Board of Directors of HAM Nordic AB has decided that all hybrid loans to Magnolia Bostad AB will be converted to unconditional shareholder contributions.
• Carl Lundin was appointed Northern Regional Director.
• Henrik Meeths was appointed as a new member of Magnolia Bostad’s management team.
For more information, please contact:
Johan Tengelin, CEO
johan.tengelin@magnoliabostad.se
Fredrik Westin, Deputy CEO & CFO
fredrik.westin@magnoliabostad.se
Tel. +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 and the Securities Market Act. The information was submitted for publication, through the agency of the contact persons, on 24 February 2022 at. 07.45 a.m. CET.
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