Brief: Nyfosa Q4 Loss Narrows To SEK 688 Mln

Altra Fastigheter AB

21/02/2024 13:57

Feb 21 (Reuters) - Nyfosa AB  NYFO.ST :
    * PROPOSES THAT NO DIVIDEND BE PAID FOR 2023 FINANCIAL YEAR
    * Q4 PROFIT FROM PROPERTY MANAGEMENT DECLINED 24 PERCENT TO
MSEK
293 (384) OR SEK 1.45 PER SHARE (1.95).
    * CHANGES IN VALUE OF PROPERTIES HAD AN IMPACT OF MSEK -598
(-1,491) ON EARNINGS IN Q4
    * Q4 LOSS AMOUNTED TO MSEK -688 (-882)
    * Q4 NET LEASING WAS MSEK 10 (-4)
    * DURING Q4, WE REDUCED BANK DEBT BY SEK 1 BILLION, IN
ADDITION,
BONDS OF MSEK 275 WERE REDEEMED EARLY
    * IN 2024, WE HAVE NO FURTHER LOANS MATURING
    * ONE EFFECT OF INTEREST RATE HIKES WITNESSED DURING 2023 IS
A
LOWER INTEREST-COVERAGE RATIO OF 2.0 FOR YEAR AS A WHOLE
    * WE EXPECT INTEREST-COVERAGE RATIO TO AMOUNT TO 2.1 FOR
2024
    * FOR 2024, PROFIT FROM PROPERTY MANAGEMENT FORECAST TO
AMOUNT TO
MSEK 1,200 AFTER INTEREST ON HYBRID BONDS

Source text for Eikon:  ID:nMFN8QChsr 
Further company coverage:  NYFO.ST 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))