Preservia Hyresfastigheter (PHYR PREF) Q2 2024 earnings summary

Executive summary

• Net sales for January–June 2024 were 0.0 MSEK, down from 0.2 MSEK in the same period last year.

• Operating result before depreciation improved to -0.8 MSEK from -3.8 MSEK year-over-year.

• Net result after tax was -0.8 MSEK, compared to -3.8 MSEK in the previous year.

• Cash flow for the period was 0.3 MSEK, up from 0.2 MSEK year-over-year.

• No significant events occurred after the reporting period.

Financial highlights

• Cash flow from operating activities was -0.5 MSEK, compared to -3.8 MSEK last year.

• Cash and cash equivalents at period end were 0.4 MSEK, down from 0.6 MSEK year-over-year.

• Long-term liabilities decreased to 0.0 MSEK from 7.3 MSEK year-over-year.

• Short-term liabilities increased to 0.5 MSEK from 0.3 MSEK year-over-year.

• Interest-bearing liabilities remained at 0.0 MSEK.

Outlook and guidance

• Current liquidity and expected future inflows are assessed as sufficient to cover operational costs and commitments for the next 12 months.