Year-end report January – December 2019

Published

Summary January-December 2020

  • Rental income increased to SEK 3,027 million (2,607).

  • Profit from property management increased to SEK 1,720 million (1,443).

  • Changes in value of properties amounted to SEK 2,037 million (2,060) and changes in value of financial instruments to SEK -25 million (91).

  • Profit after tax for the period increased to SEK 3,111 million (3,092).

  • Market value of investment properties amounted to SEK 55,027 million (46,236).

  • During the period, 23 properties (29) were acquired for SEK 5,242 million (3,135) and 16 properties (10) were divested for SEK 1,239 million (867).
     
     
    As we summarise the financial results for 2019, I note that Hemsö delivered the strongest cash flow and highest results ever. The strong growth in profit from property management during the year continued into the fourth quarter. For the full year, profit from property management rose 19 per cent to SEK 1.7 billion. In addition to the strong financial results, 2019 was a year in which we built a stronger Hemsö, broadened our partnership with the public sector and laid the foundation for continued growth with new high-quality development projects, says Nils Styf.

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