English

Report for the period 1 Jan – 31 Dec 2021

Report this content

October – December 2021

  • Net sales amounted to SEK 3.02 m (2.99)
  • Net operating income was SEK 406,000 (207,000)
  • The operating profit was SEK 44.80 m (3.47)
  • The profit for the period was SEK 42.71 m (-8.28)
  • Earnings per share before and after dilution were SEK 85.41 (-16.55)

1 January– 31 December 2021

  • Net sales amounted to SEK 11.28 m (11.25)
  • Net operating income was SEK -247.000 (-2,67 m)
  • The operating profit was SEK 11.96 m (-14.58)
  • The profit for the period was SEK 5.35 m (-61.16)
  • Earnings per share before and after dilution were SEK 10.70 (-122.32)
  • Cash and cash equivalents at the end of the period December 31, 2021 were SEK 66.17 m

Significant events during the period
The company has submitted documents to the Sollentuna municipality prior to the planned development consultation meeting. The zoning plan was displayed in agreement with Sollentuna municipality during the month of April 2021.

The consultation documents contain an estimated volume of residential building rights of almost 100,000 sq meters of gross floor area above ground and another estimated volume of premises of approximately 10,000 sq meters of gross floor area above ground. According to the consultation proposal, the school and sports center are expected to be developed by the municipality. Coinciding, with the consultation process, the property development enters a more active phase. The interest expenses related to the property development are thereby activated from the first quarter of 2021, according to IAS 23.

The company has as of 20-4 2021, received an unconditional shareholder´s contribution, from the owner Alecta Pensionsförsäkring, ömsesidigt, of the sum SEK 20 m. The company has also at the same date received an unconditional shareholder´s contribution of SEK 20 m from Magnolia Projekt 36 AB.

The company has as of 30-9 2021, received a shareholder´s loan of SEK 40 m from the owner Alecta Pensionsförsäkring, ömsesidigt.

Significant events after the end of the period
The process with the zoning plan is progressing prior to review, which will be the next step in the zone plan process and is planned for the first half of 2023. The municipality is estimating that the zoning plan will come into force by the second half of year 2023. A change from the previous estimate the second half of year 2022.

For more information, please contact:
Christian Matti, CEO, Sollentuna Stinsen JV AB
+46 70 270 53 25, christian.matti@magnoliabostad.se

The information Sollentuna Stinsen JV AB publishes in this report is required in accordance with the EU Market Abuse Regulation (EU) No 596/2014 and the Securities Market Act. The information was submitted for publication, through the agency of the contact person, on 25 February 2022 at 17.00 CET.

Tags:

Sollentuna Stinsen JV AB Year-end-Report 2021

Documents & Links