Press Release Details 5.23

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Year-end report januari-december 2018

02/15/2019
  • Rental income for the period increased to SEK 3,393 million (2,013) 
  • The letting ratio for housing was 97.3 percent (98.7)
  • The real letting ratio excluding remodelling vacancies was 98.6 percent
  • Net operating income for the period increased to SEK 1,810 million (1,027)
  • Net financial items amounted to a negative SEK 753 million (459)
  • Profit from property management increased to SEK 989 million (515)
  • Changes in values of properties amounted to SEK 2,744 million (2,202)
  • Changes in values of derivatives amounted to SEK 11 million (24)
  • Profit for the period amounted to SEK 3,204 million (2,064)
  • Property acquisitions during the period amounted to SEK 21,696 million (22,878 ) and divestments amounted to SEK 148 million (1,146)
  • Profit after tax per ordinary share amounted to SEK 127 (116)

Strong growth characterised 2018. The transaction volume amounted to SEK 22 billion, with acquisitions being conducted in Copenhagen and Oslo in particular. Complementary acquisitions were conducted in major regional Swedish cities, such as Malmö, Lund, Linköping, Norrköping, Uppsala and Gävle. In Denmark, we are also working on setting up local property management offices, so that, in the near future, we will have a clearer presence and will be able to perform management ourselves”,  says Patrik Hall, CEO Heimstaden.

”To ensure continued sustainable and profitable growth, and to meet the demands imposed on the organisation, we have recruited several key individuals to Heimstaden. Over the past year, we expanded our workforce with some 100 new employees. I would like to extend considerable gratitude to all who help build confidence in Heimstaden on a daily basis.

You are our most important asset bar none”, Patrik Hall continues. 

For further information, please contact:

Patrik Hall, CEO Heimstaden AB                     +46 705-85 99 56      patrik.hall@heimstaden.com 

Ingvor Sundbom, CFO Heimstaden AB          +46 707-88 66 50      ingvor.sundbom@heimstaden.com

This information is such information that Heimstaden AB (publ) is obliged to publish in accordance with the EU Market Abuse Regulation. The information was submitted, through the agency of the above contact persons, for publication on February 15, 2019 at. 08:00 CET.

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