Record high lettings volume in our investment properties
- Rental income increased to SEK 1,064 million (921)
- Income from property management amounted to SEK 446 million (528)
- Unrealised changes in the value of properties amounted to SEK -1,123 million (2,792)
- The company posted a loss for the period of SEK 611 million (3,372)
- Value of property portfolio increased to SEK 28,350 million (26,994)
- Earnings per share amounted to SEK -5.1 (28.14)
- Johanna Hult Rentsch took over as CEO on 14 August
- Net lettings in the quarter amounted to SEK 8 million
- Operating surplus increased to SEK 276 million
- Lease signed for head office for global foodtech company Picadeli in Gamlestadens Fabriker
Johanna Hult Rentsch, CEO of Platzer, said:
- The recession in Sweden is expected to last for another year or two. However, Swedish companies have proved to be surprisingly resilient. The weak Swedish krona and an export-based industry give the Gothenburg economy an advantage over other parts of the country. The Gothenburg region is Sweden’s largest export region, accounting for as much as 24% of total goods exports. The Port of Gothenburg has increased its market share and handles 30% of Sweden’s foreign trade. The region is also undergoing intensive green industrialisation, which is driving major investments.
- We were able to deliver the highest lettings volume ever in our wholly owned investment properties. Lettings in the reporting period amounted to as much as SEK 117 million.
- Now that I have taken over as CEO, I look forward to continuing to develop the business together with our committed and skilled employees. I strongly support our strategy for district development and customer focus – a strategy that has produced good results and will continue to lead to success.
Thanks to our stable core activities, successful lettings operations, access to liquidity and strong, long-term owners we can continue to invest for the future. Higher financing costs and the uncertain economic environment mean that we of course need to be more careful when it comes to investments, but I am convinced that the best way to continue to develop the company is by having a long-term pespective for our business.
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.
Johanna Hult Rentsch, CEO, and Fredrik Sjudin, CFO, will present the results for the third 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-q3-report-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=5001900
Information and registration at Financialhearings.com:
https://financialhearings.com/event/46466
The Interim Report and presentation will be available at:
https://investors.platzer.se/sv/rapporter-presentationer
For more information, please contact:
Johanna Hult Rentsch, CEO, Platzer, Tel: +46 (0)709 99 24 05
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 17 October 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 28 billion. The Platzer share is listed on Nasdaq Stockholm, Large Cap.
