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Interim report January – September 2019

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JANUARY – SEPTEMBER 2019

  • Income, MSEK 987 (748)
  • Profit after tax, MSEK 838 (1,307)
  • Profit after tax per share, 5.00 SEK (7.79)

JULY – SEPTEMBER 2019

  • Income, MSEK 331 (261)
  • Profit after tax, MSEK 369 (652)
  • Profit after tax per share, 2.20 SEK (3.89)

SIGNIFICANT EVENTS DURING AND AFTER THE QUARTER

  •  Possession taken of properties for a value of SEK 2.3 billion in the quarter.
  •  Recruitment of new Head of Transactions who will be a member of Group Management.
  •  Possession was taken of additional properties for MSEK 214 after the end of the quarter. Properties acquired from Söderport.

COMMENTS FROM THE CEO

Nyfosa grew rapidly and with good profitability in the third quarter. We have acquired properties at a value of SEK 3.1 billion to date this year – solid progress toward the growth target of SEK 25 billion. The diversity of these properties in terms of geography and category add to what we consider to be the most important aim – stable cash flows at low risk. One example is the acquisition of retail properties in Luleå in prime locations, with stable tenants, thus supplementing the portfolio well. Nyfosa will continue to go its own way and find values outside the mainstream.

Jens Engwall, CEO

Contact information
Jens Engwall, CEO
Tel: +46 (0)70 690 65 50. E-mail: jens.engwall@nyfosa.se

Ann-Sofie Lindroth, Head of Financial Control
Tel: +46 (0)70 574 59 25. E-mail: ann-sofie.lindroth@nyfosa.se


The information is inside information that Nyfosa AB 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 October 23, 2019 at 7:30 a.m. CEST.

About Nyfosa
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 September 30, 2019, Nyfosa owned commercial properties with a total property value of approximately SEK 18.3 billion. The company’s stock is listed on Nasdaq Stockholm since November 2018. Read more at www.nyfosa.se.

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