English

Year-end report January – December 2019

Report this content

JANUARY – DECEMBER 2019

  • Income, MSEK 1,370 (1,067)
  • Profit after tax, MSEK 1,382 (1,615)
  • Profit after tax per share, 8.24 SEK (9.63)

OCTOBER – DECEMBER 2019

  • Income, MSEK 383 (317)
  • Profit after tax, MSEK 543 (308)
  • Profit after tax per share, 3.24 SEK (1.84)

SIGNIFICANT EVENTS DURING AND AFTER THE QUARTER

  • Many separate transactions were carried out during the quarter that added 25 properties to the portfolio for a total value of SEK 1.8 billion.
  • A property was divested in Eskilstuna for a value of MSEK 240 in October.
  • In November, senior unsecured bonds of MSEK 750 were issued under the existing framework of SEK 1.5 billion.
  • A portfolio of 79 properties was acquired in December for a value of about SEK 4.2 billion. 
  • After the quarter, a letter of intent was signed in January regarding the acquisition of properties for SEK 8 billion.
  • The Board proposes that the Annual General Meeting resolve on a distribution in kind of shares in the company Torslanda Property AB (publ.) to the shareholders. Investment AB (publ.) to the shareholders.

COMMENTS FROM THE CEO

Nyfosa likes a high tempo. In 2019 we delivered on what we promised – growing quickly and profitably. Based on several large transactions, and many small ones, we expanded our property portfolio by more than 25 percent during the year to about SEK 20 billion and signed agreements for another approximate SEK 4 billion. We also added to our highly skilled team, successfully developed our financing and ramped up our sustainability agenda in the business. Thus, we are on our way to achieveing our target of a property value of SEK 25 billion in 2020 and will then evaluate and communicate the next step for Nyfosa. We are in every way prepared to continue to create value. 

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 February 13, 2020 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 December 31, 2019, Nyfosa owned commercial properties with a total property value of approximately SEK 19.6 billion. The company’s stock is listed on Nasdaq Stockholm since November 2018. Read more at www.nyfosa.se.

Tags:

Nyfosa Nyfosa AB Nyfosa year-end report

Documents & Links