Press release

Interim Report January - March 2022

In the first quarter of the year, we have over 9,600 residential units in production and just over 20,400 building rights in our building rights portfolio. During Q1, we started production on 295 residential units and acquired just over 350 building rights. Shortly after the end of the quarter, we acquired around 260 building rights. We have good tempo in our business and we expect high levels of production starts over the next few years.

1 January-31 March 2022
-Net sales amounted to SEK 91 m (407).
-The operating loss was SEK 23 m (-25), of which SEK 18 m (20) refers to changes in the value of investment properties.
-The loss before tax for the period was SEK 56 m (-67) and the loss after tax amounted to SEK 39 m (-72).
-Earnings per share, after deductions for minority shares, was SEK -0.79 (-1.72).

Significant events 1 January-31 March 2022
-Acquired around 175 building rights in Göteborg and won a land allocation competition in Skellefteå with around 190 building rights.
-Carl Lundin was appointed Northern Regional Manager.
-Henrik Meeths was appointed a member of Magnolia Bostad's management team.
-All hybrid loans were converted to unconditional shareholder contributions and a new unconditional shareholder contribution of SEK 400 m was received from HAM Nordic AB.

Significant events after the end of the quarter
-Acquired around 260 estimated building rights in Österåker.
 

For more information, please contact:
Johan Tengelin, CEO
[email protected] 

Fredrik Westin, Deputy CEO & CFO
[email protected]
+46 72 720 00 06 

The information Magnolia Bostad publishes in this report is required in accordance with the EU Market Abuse Regulation (EU) No 596/2014. The information was submitted for publication, through the agency of the contact persons, on 29 April 2022 at. 07.45 a.m. CEST.