Brief: Atrium Ljungberg Q2 Rental Income Up At SEK 753 Mln

Atrium Ljungberg AB

09/07/2024 06:54

July 9 (Reuters) - Atrium Ljungberg AB  ATRLJb.ST :
    * Q2 RENTAL INCOME SEK  753 MILLION VERSUS SEK 699 MILLION
YEAR
AGO
    * Q2 NET SALES SEK 895 MILLION VERSUS SEK 790 MILLION
    * BUSINESS LEADERS' OUTLOOK FOR THEIR OWN OPERATIONS,
AFFECTED BY
THE RECESSION, IS STILL WEAK, EVEN IF THEY ARE MORE POSITIVE
THAN SIX MONTHS AGO
    * Q2 NET LETTING EXCLUDING OWN CANCELLATIONS SEK 97 MILLION
VERSUS
SEK 25 MILLION YEAR AGO
    * THIS IN COMBINATION WITH DIFFICULTIES IN ASSESSING THE
BUSINESS'S LOCAL NEEDS IN THE MEDIUM TERM MEANS APPETITE FOR
OFFICES IS NEGATIVELY AFFECTED
    * Q2 LOAN TO VALUE 40.4% VERSUS 41.8% YEAR AGO
    * Q2 UNREALISED CHANGES IN VALUE OF PROPERTIES LOSS SEK 39
MILLION
VERSUS LOSS SEK 588 MILLION YEAR AGO
    * TREND CONTINUES IN RIGHT DIRECTION FOR BOTH RETAIL TRADE
AND
WHOLESALE TRADE, WHILE E-COMMERCE'S FUTURE EXPECTATIONS REVERSES
    * Q2 PROFIT AFTER TAX SEK 256 MILLION VERSUS LOSS SEK 149
MILLION
YEAR AGO
    * Q2 PROFIT FROM PROPERTY MANAGEMENT AMOUNTED TO SEK 371
MILLION
(332)
    * WE HAVE HAD A REALLY STRONG QUARTER WITH MANY GOOD
LETTINGS

Source text for Eikon:  ID:nWkr2htvwZ 
Further company coverage:  ATRLJb.ST 

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