Increased operating surplus and positive net lettings in subdued property market

• Rental income increased to SEK 691 million (613)
• Income from property management amounted to SEK 312 million (347)
• Unrealised change in the value of properties amounted to SEK -620 million (2,539)
• Result for the period of SEK -328 million (3,097*)
• Value of property portfolio increased to SEK 28,574 million (26,994)
• Earnings per share SEK -2.74 (25.85)
• Investments and acquisition of three properties in Sörred Logistikpark drive growth
• Affirmed BBB- investment grade credit rating with stable outlook
• New sustainability-linked finance agreement drives long-term sustainability work in combination with reduced financing costs
• Office rental of 3,800 sq. m. in Lilla Bommen

* Reported share of profit of associates was adjusted downwards retroactively, see comment on pages 12 and 14 in the Interim Report.

Platzer’s CEO, P-G Persson, said:

- For Platzer, the rise in the policy rate, combined with the subdued situation in the property market, means negative impacts in the form of falling property values, reduced net asset value and rising net financial costs. On the other hand, strong demand in the rental market, combined with property acquisitions, has brought positive effects such as an increased operating surplus, strong net lettings and record-high earning capacity.

- Thanks to our strong financial position, our lettings in project properties and our profitable investments, we were able to continue to show growth in our operations even in times of greater uncertainty and negative changes in value.

- I am proud to say that the art of property management is flourishing in our company. The operating surplus in the first six months of the year increased by 15.2% to SEK 538 million. Net lettings rose to SEK 30 million in the first half of the year. Our earning capacity operating surplus rose by a record SEK 129 million in the second quarter and by SEK 149 million in the first half.

- This is my 39th CEO’s Comment since Platzer was listed in November 2013 and also the last one I’ll be writing as CEO of the company. It has been an incredibly enjoyable journey, for the company and also for me in my professional role. Many people have helped us get to where we are today, but there are still plenty of things left to do. I look forward to following Platzer’s future success in the fascinating Gothenburg market, but this time from the stands. Thank you from me, and good luck to Johanna!

Presentation of Report – today at 10.00 (CEST)

At 10:00 CEST today, investors, analysts, media and other interested parties are invited to a presentation of the report, with an opportunity to participate via a livestreamed teleconference.

Platzer’s CEO P-G Persson and Fredrik Sjudin, CFO, will present the results for the second quarter of 2023. The presentation will be in English and will be followed by a Q&A session.

Direkt link to webcast

To watch and participate in the webcast presentation, please use the link below. Questions can be submitted in writing via the webcast.
https://ir.financialhearings.com/platzer-fastigheter-q2-2023/register

Teleconference link

To participate in the teleconference, please register using the link below. Following registration, you will receive a telephone number and conference ID for logging into the teleconference. In the teleconference there will be an opportunity to ask questions verbally.
https://conference.financialhearings.com/teleconference/?id=200799

Information and registration at Financialhearings.com:
https://financialhearings.com/event/46465

For more information, please contact:
P-G Persson, CEO, Platzer, Tel.: +46 (0)734 11 12 22
Fredrik Sjudin, CFO, Platzer, Tel: +46 (0)721 27 77 78

This is information that Platzer Fastigheter Holding AB (publ) is obliged to disclose in accordance with the EU Market Abuse Regulation and the Swedish Securities Market Act. The information was released for publication on 5 July 2023 at 08:00 CEST through the agency of the contact persons shown above.

Platzer Fastigheter Holding AB (publ) owns and develops commercial property in Gothenburg worth
SEK 29 billion. The Platzer share is listed on Nasdaq Stockholm, Large Cap.