Brief: Sagax - Q1 Profit From Property Management Increased 13% To Sek 637 Mln

Sagax AB

05/05/2021 11:02

May 5 (Reuters) - Sagax AB  SAGAa.ST :
    * FIRST QUARTER OF 2021
    * SAGAX AB - PROFIT FROM PROPERTY MANAGEMENT FOR 2021, MEANING PROFIT BEFORE REVALUATIONS
AND TAX,
BASED ON CURRENT PROPERTY PORTFOLIO, ANNOUNCED ACQUISITIONS AND DIVESTMENTS AND CURRENT EXCHANGE
RATES, IS EXPECTED TO AMOUNT TO SEK 2,650 M
    * SAGAX AB - PREVIOUSLY SUBMITTED FORECAST WAS FOR PROFIT OF SEK 2,550 M AND WAS PRESENTED
WHEN
YEAR-END REPORT FOR 2020 WAS PUBLISHED
    * SAGAX AB - Q1 RENTAL REVENUE INCREASED 4% TO SEK 731 M (SEK 703 M IN YEAR-EARLIER PERIOD).
    * SAGAX AB - Q1 PROFIT FROM PROPERTY MANAGEMENT INCREASED 13% TO SEK 637 M (565)

Source text for Eikon:  ID:nWkr9KMYLj 
Further company coverage:  SAGAa.ST 

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