Interim report January - March 2019
JANUARY - MARCH 2019
- Income, MSEK 322 (247)
- Profit after tax, MSEK 160 (259)
- Profit after tax per share, 0.96 SEK (1.54)
SIGNIFICANT EVENTS DURING AND AFTER THE QUARTER
- Possession was taken of three properties for a total property value of MSEK 88 in the first quarter.
- A warehouse portfolio was acquired after the end of the quarter for a value of MSEK 176 and retail properties for a value of MSEK 470.
COMMENTS FROM THE CEO
The level of activity in our acquisition operations is high and we are now starting to see the fruits of this. We carried out acquisitions at an underlying property value of about MSEK 646 after the close of quarter. These represent properties with solid earnings in prime locations that complement our existing portfolio. We are continuing to examine attractive transaction opportunities in various sectors at a rapid pace and we believe there is good potential to complete several acquisitions in the current quarter.
Jens Engwall, CEO
Jens Engwall, CEO
Tel: +46 (0)70 690 65 50. E-mail: firstname.lastname@example.org
Ann-Sofie Lindroth, Head of Financial Control
Tel: +46 (0)70 574 59 25. E-mail: email@example.com
The information is inside information that Nyfosa AB (publ) is obligated to disclose in accordance with the EU Market Abuse Regulation. The information was submitted for publication through the agency of the aforementioned contact person on May 9, 2019 at 7:30 a.m. CEST.
Nyfosa is a transaction-based and opportunistic property company. The company’s business concept is based on active participation in the Swedish transaction market combined with an investment strategy that can be flexible to the property market. The goal is to develop and add value to a growing property portfolio while generating sustained high returns. At present, Nyfosa is focusing primarily on commercial properties in Sweden. As of March 31, 2019, Nyfosa owned commercial properties with a total property value of approximately SEK 15.7 billion. The company’s stock is listed on Nasdaq Stockholm since November 2018. Read more at www.nyfosa.se.