Holmström Fastigheter (HOLMSTRÖM) Q4 2024 earnings summary

Executive summary

• Rental income for 2024 was SEK 46m, down from SEK 48m year-over-year; net operating income remained stable at SEK 27m.

• Profit/loss before tax improved to SEK -25m from SEK -873m year-over-year, mainly due to lower negative impact from associated companies and positive property revaluations.

• Strategic divestments and bond maturity extension strengthened the financial position and reduced debt.

• Focus remains on residential properties in prime Swedish locations, with sustainability and energy efficiency as key priorities.

Financial highlights

• Rental income: SEK 46m (2023: SEK 48m); Q4: SEK 11m (Q4 2023: SEK 12m).

• Net operating income: SEK 27m (2023: SEK 27m); Q4: SEK 7m (Q4 2023: SEK 6m).

• Profit/loss from associated companies: SEK -42m (2023: SEK -749m), mainly due to Vincero Fastigheter and Ankarhagen sale.

• Changes in value of investment properties: SEK 35m (2023: SEK -74m), with SEK 25m unrealized and SEK 10m realized.

• Profit/loss before tax: SEK -25m (2023: SEK -873m); Q4: SEK -16m (Q4 2023: SEK -168m).

Outlook and guidance

• 2025 expected to be a cautious year with gradual market improvement anticipated as transaction activity increases.

• Continued focus on strengthening financial stability and sustainable capital structure.