SSM's INTERIM REPORT 2Q'16

In May SSM issued a corporate bond with a total frame of SEK 700 million, and a first tap of SEK 400 million. The outstanding bond of SEK 200 million from 2013 was repaid in the same transaction. Another 800 building rights were acquired during the quarter; in Järla, Nacka (in-house), and by Brommaplan (joint-venture with Profi). The Tube (50 apartments) in Sundbyberg were started. SSM has 1,337 apartments in ongoing production.

1 April - 30 June 2016
Net sales amounted to SEK 130,108 thousand (67, 275)
Operating profit was SEK 33,725 thousand (16 226)
The operating margin was 25.9 per cent (24.1)
Profit after tax was SEK 23,446 thousand (12,270)
On the closing date we had 1,337 apartments in production
On the closing date 98 per cent of apartments in production had been sold

1 January - 30 June 2016
Net sales amounted to SEK 203,004 thousand (235,506)
Operating profit was 62,262 thousand (42,247)
The operating margin was 30.7 per cent (18.1)
Profit after tax was SEK 48,465 thousand (34,931)
2,601 (160) apartments were acquired
61 (86) apartments were sold

For further information, please contact:

Mattias Roos
President & CEO
Telefon: 0706-18 51 99
E-post: mattias.roos@ssmfastigheter.se

Ola Persson
CFO
Telefon: 0708-32 99 93
E-post: ola.persson@ssmfastigheter.se

This information

This information is the kind of information that SSM Holding AB (publ) is obliged to make official according to EU’s regulations of market abuse regulation and/or the law regarding securities market. This information was handed in by the company’s representatives to be published publicly at 08.30 CET on August 26:th 2016.

About SSM Holding AB (publ)
SSM is a residential development company operating in the Stockholm Region. The Vision is a residential market for everyone. The Company distinguishes itself by developing apartments made for a certain customer segment – Tomorrows citizens of Stockholm – and the ambition is to develop Stockholm’s most sought after apartments. That is why SSM builds apartments for one and two person households, with a high level of functionality per square meter, just outside the city, close to public transportation. Please find out more at: www.ssmfastigheter.se

Taggar: