Brief: Heba Fastighets Q2 Profit From Property Management Rises To SEK 88.9 Mln

Heba Fastighets AB

12/07/2023 11:27

July 12 (Reuters) - HEBA Fastighets AB  HEBAb.ST :
    * Q2 PROFIT FROM PROPERTY MANAGEMENT SEK 88.9  MILLION
VERSUS SEK
65.7 MILLION YEAR AGO
    * Q2 RENTAL INCOME SEK 146.7 MILLION VERSUS SEK 126.0
MILLION YEAR
AGO
    * WE HAVE CREATED PREPARATIONS FOR BEING ABLE TO ACT QUICKLY
WHEN
THE ECONOMY TURN AROUND
    * AS A NATURAL STEP IN OUR STRATEGY, WE HAVE  AGREED ON FOUR
SALES, ONE OF WHICH AFTER THE END OF THE INTERIM THE END OF THE
PERIOD
    * ASSESSMENT IS THAT 2023 WILL COME BE A TOUGH YEAR FOR BOTH
COMPANIES AND INDIVIDUALS BEFORE IT STARTS TO TURN AROUND IN
2024 - CEO
    * SALES STRENGTHEN OUR FINANCIAL POSITION AND PROVIDE US
WITH
CONTINUED STRONG EARNING EARNINGS CAPACITY
    * THERE IS A HOUSING SHORTAGE IN MOST SWEDISH
MUNICIPALITIES. NEW
INVESTMENT SUPPORT NECESSARY IN ORDER NOT TO WORSEN THE
DISASTROUS HOUSING MARKET FURTHER - CEO
    * FOUR TRANSACTIONS  COMPRISE 21 PROPERTIES, TWO OF WHICH
ARE IN
COLLABORATIVE PROJECTS, AT A TOTAL AGREED PROPERTY VALUE OF SEK
2.5 BILLION

Source text for Eikon:  ID:nWkr8Qkj0c 
Further company coverage:  HEBAb.ST 

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