Samhällsbyggnadsbolaget i Norden AB: SBB's Year-end Report 2023: Increased operating income and focused efforts to strengthen financial position

SAMHÄLLSBYGGNADSBOLAGET I NORDEN AB (PUBL):

The year in brief, continuing operations:

• Rental income amounted to SEK 4,581m (5,365).
• The operating surplus amounted to SEK 3,209m (3,615).
• Profit from property management, excluding exchange rate differences, amounted to SEK 1,296m (3,216).
• Cash flow from operating activities before changes in working capital was SEK 1,222m (3,485).
• The profit before tax amounted to SEK -22,285m (-10,825), of which:
  • Profit before financial items, value changes properties and goodwill are included in the amount of SEK 2,241m (2,686). The profit includes acquisition and restructuring costs of SEK -90m (-120).
  • Changes in the value of the properties are included in the amount of SEK -13,277m (-3,681).
  • The profit from joint ventures and associated companies are included in the amount of SEK -6,017m (-1,866).
  • Financial items amounted to SEK -1,258m (-2,402), of which costs for early redemption of loans are included in the amount of SEK -118m (424) and exchange rate gains/losses in the amount of SEK -144m (-1,991).
  • Changes in the values of financial instruments are included in the amount of SEK -2,580m (-1,560).
• The profit for the year amounted to SEK -20,488m (-10,361) after the deduction of deferred tax of SEK 2,240m (741) and current tax of SEK -443m (-277), corresponding to a profit per Class A and B ordinary share of SEK -15.05 (-7.61) before dilution.
• The profit for the period, including discontinued operations, amounted to SEK -22,740m (-9,811), corresponding to a profit per Class A and B ordinary share of SEK -16.60 (-7.23) before dilution.
• The value of the property portfolio amounted to SEK 73.2bn (135.6).
• Long-term net asset value (EPRA NRV) was SEK 17,873m (45,040), corresponding to SEK 12.29 (30.97) per share before dilution.
• The Board of Directors proposes no new dividend for series A and B (1.44) or for series D (2.00).

The fourth quarter in brief, continuing operations:

• Rental income amounted to SEK 1,069m (1,309).
• The operating surplus amounted to SEK 713m (784).
• Cash flow from operating activities before changes in working capital was SEK -276m (802).
• Profit before tax amounted to SEK -4,928m (-8,025)

" SBB continues to take important steps to realize the strategy and divide the company into three business areas for better governance, increased transparency, and improved conditions for raising capital."

Leiv Synnes, CEO

Attachment: Year-end report 2023

For further information, please contact:
Helena Lindahl, Treasury Director, [e-mail], [e-mail]

This information is such that Samhällsbyggnadsbolaget i Norden AB (publ) is obliged to publish in accordance with the EU Market Abuse Regulation. The information was submitted by the above contact persons for publication on 27 February 2024 at 8:00 a.m. CET.

Samhällsbyggnadsbolaget i Norden AB (publ) (SBB) is the Nordic region's leading property company in social infrastructure. The Company's strategy is to long term own and manage social infrastructure properties in the Nordics and rent regulated residential properties in Sweden, and to actively work with property development. Through SBB's commitment and engagement in community participation and social responsibility, municipalities and other stakeholders find the Company an attractive long-term partner. The Company's series B shares (ticker SBB B) and D shares (ticker SBB D) are listed on Nasdaq Stockholm, Large Cap. Further information about SBB is available at www.sbbnorden.se.