Atrium Q3 beat helps lift Swedish real estate stocks

Sagax AB

14/10/2022 11:27

** Shares in Swedish real estate companies are among best
performers on STOXX 600  .STOXX  index after developer Atrium
Ljungberg  ATRLJb.ST  posted third quarter results above
analysts expectations
    ** Atrium reported a quarterly profit before changes in
value rising to 897 million Swedish crowns ($79 million), 8%
above Kepler expectations
    ** At 1015 GMT Atrium shares are up 7%, Sagax  SAGAa.ST ,
Wallenstam  WALLb.ST , Balder  BALDb.ST  and Fabege  FABG.ST 
rise about 5%, while Castellum  CAST.ST  is up 3.5% 
    ** "Shares in the property sector are down a lot lately so
sensitive to positive news – plus overall positive equity market
today", says Markus Henriksson from ABG on Swedish real estate
stocks
    ** The European real estate index  .SX86P  surges 2.9%
($1 = 11.3095 Swedish crowns)
 (Reporting by Boleslaw Lasocki)
 ((boleslaw.lasocki@tr.com))