Interim report January- September 2022

Report

Press release

CORRECTION: INTERIM REPORT JANUARY - SEPTEMBER 2022

In K2A's interim report January-September 2022, the table Sensitivity analysis – valuation in note 2 on page 24, the yield requirement for community service properties is 4.9 per cent.

The company has corrected the information and published a new version of the interim report.

Below follows the press release that was published at 14:00 on 26 October 2022.

Interim report January-September 2022

K2A Knaust & Andersson Fastigheter (publ) today published its interim report for January–September 2022. Profit after tax was SEK 433 million, 34 per cent higher than the year-earlier period.

July to September 2022 in figures:

  • Rental income amounted to SEK 96.3 million (70.7)
  • Net operating income amounted to SEK 67.3 million (51.7)
  • Profit from property management amounted to SEK 16.7 million (16.4)
  • Value changes from investment properties amounted to SEK -28.7 million (10.5)
  • Net profit for the period amounted to SEK 10.1 million (21.6) and earnings per ordinary share amounted to SEK -0.08 (0.06)

January to September 2022 in figures:

  • Rental income increased to SEK 269.7 million (193.1)
  • Net operating income amounted to SEK 178.4 million (134.3)
  • Profit from property management amounted to SEK 140.8 million (35.7)
  • Value changes from investment properties amounted to SEK 307.1 million (370.5)
  • Net profit for the period amounted to SEK 433.4 million (322.9) and earnings per ordinary share amounted to 4.48 SEK (3.23)
  • Total number of apartments under management at the end of the period amounted to 4,885 (3,754)

This disclosure contains information that K2A Knaust & Andersson Fastigheter AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014). The information was submitted for publication, through the agency of the contact person, on 26-10-2022 19:46 CET.