Self Storage Group ASA - Cancellation of third quarter 2023 financial reporting
(Oslo, 20 November 2023) Reference is made to stock exchange announcements from Self Storage Group ASA (the Company") issued on 9 November 2023, where the Company announced that the condition in the recommended voluntary offer from T-C Storage Holdco AB on minimum acceptance had been met, and that settlement of the offer is scheduled to be made as soon as reasonably possible, and not later than 7 December 2023. As a result of the above, the Company has decided to cancel its financial reporting for Q3 2023 scheduled for 30 November 2023.
In the absence of Q3 2023, the Company has decided to provide the following unaudited figures for Q3 2023:
| (Amounts in NOK million) | Q3 2023 | Q3 2022 | YTD 2023 | YTD 2022 | Full year 2022 |
| Revenue | 107.7 | 101.9 | 317.0 | 291.7 | 392.2 |
| Lease expenses | (3.1) | (4.0) | (11.0) | (11.6) | (15.5) |
| Total other operating expenses | (46.7) | (37.5) | (125.6) | (109.1) | (152.1) |
| Total adjustments | 4.6 | - | (2.6) | - | 1.0 |
| Adjusted EBITDA | 62.5 | 60.5 | 177.9 | 171.1 | 225.5 |
| Adjusted EBIT | 52.6 | 55.1 | 156.5 | 156.2 | 204.6 |
| Change in fair value of freehold investment property | (97.1) | (121.4) | (119.5) | (117.0) | (147.2) |
| Change in fair value of leasehold investment property | (13.7) | (12.3) | (41.0) | (37.1) | (49.3) |
| Net finance | (20.2) | (9.1) | (70.2) | (2.2) | (17.2) |
| Adjusted Profit before tax | (78.4) | (87.7) | (74.3) | (0.1) | (9.1) |
| Adjusted Net Profit | (55.5) | (69.0) | (57.6) | (0.8) | (7.7) |
| Current lettable area (in thousands m2) | 199.6 | 182.6 | 199.6 | 182.6 | 185.8 |
| Lettable area under development (in thousands m2) | 37.3 | 39.2 | 37.3 | 39.2 | 35.8 |
| Number of facilities | 144 | 133 | 144 | 133 | 135 |
The above numbers are unaudited and reflect estimates as of the date hereof.