Brief: SBB Q3 Loss Narrows To SEK 2 Bln

Samhallsbyggnadsbolaget I Norden AB

27/11/2024 07:21

Nov 27 (Reuters) - Samhallsbyggnadsbolaget I Norden AB
 SBBb.ST :
    * Q3 RENTAL INCOME SEK 805 MILLION VERSUS SEK 1,195 MILLION
YEAR
AGO
    * Q3 LOSS SEK 2,005 MILLION VERSUS LOSS SEK 2,473 MILLION
YEAR AGO
    * Q3 LOAN-TO-VALUE RATIO 62% VERSUS 52% YEAR AGO
    * Q3 CHANGES IN PROPERTY VALUE LOSS SEK 913 MILLION VERSUS
LOSS
SEK 3,522 MILLION YEAR AGO
    * INSOURCING OF FINANCIAL MANAGEMENT, IMPLEMENTATION OF 
FINANCIAL
SYSTEMS WILL GENERATE ANNUAL SAVINGS OF SEK 25M PER YEAR
    * OCCUPANCY RATE HAS BEEN SLIGHTLY NEGATIVELY AFFECTED BY
INCREASED VACANCIES IN PUBLIC OFFICE
    * DURING Q4 WE WILL SEE EITHER UNCHANGED OR RISING PROPERTY
VALUES, AND WE WILL CONTINUE TO SEE THIS TREND IN 2025
    * OVER NEXT 12 MONTHS IT IS LIKELY THAT SBB WILL BE ABLE TO
CONDUCT SEVERAL SMALLER SALES AND PERHAPS ONE OR  TWO LARGER
TRANSACTIONS
    * REDUCED ITS DEBT BY SEK 7,551M OVER 9 MONTHS

Source text:  ID:nWkr4vmtHr 
Further company coverage:  SBBb.ST 

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