ÖSTERSUND, Sweden, April 26, 2024 /PRNewswire/ — In the first quarter of 2024, we saw an improved economy and a high level of leasing activity. We continue to deliver positive net lettings, a surplus ratio of 65 per cent and an occupancy rate of 92 per cent. The green transition, of which we have only seen the beginning, is a growth engine for us, for our cities and for the whole country. The raw materials industry that built Sweden’s economy is doing so again through the green transition. A stronger Sweden and a brighter future.

First quarter of 2024

• Income increased by 4 per cent to SEK 639m (617)
• Operating surplus increased by 5 per cent to SEK 407m (389)
• Property management income decreased by 12 per cent to SEK 200m (226)
• Unrealised changes in value of properties were SEK 6m (-569) and unrealised changes of value of derivatives were SEK 226m (-79)
• Profit after tax was SEK 259m (-333)
• Earnings per share were SEK 1.86 (-2.36)

– In the short term, we are continuing to navigate in a troubled time, while at the same time preparing for new business opportunities in the future. I am convinced that future interest rate reductions and a more secure investor market will benefit us. What is happening with the huge investments being made in our market, in the largest green growth revolution of our time, together with our ability to act and our strong business culture, will create even better conditions for our business. We believe in our offering, in our cities and in a brighter time ahead to create value for our tenants, for us and for our shareholders, says Knut Rost, CEO, Diös.

Presentation of the report

Today at 08:30 CEST, CEO Knut Rost and CFO Rolf Larsson will present the report via a web conference call. The presentation is in English. More information about the conference call is available at: investors.dios.se 

This information is information that Diös Fastigheter AB is obliged to make public pursuant to the EU Market Abuse Regulation (EU no 596/2014). The information was submitted for publication, through the agency of the contact person set out above, at 07:00 CEST on 26 April 2024.

For further information please contact:

Knut Rost, CEO, Diös

Phone: +46(0)10-470 95 01

E-mail: [email protected]

Rolf Larsson, CFO, Diös

Phone: +46(0)10-470 95 03

E-mail: [email protected]

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/dios-fastigheter/r/dios-fastigheter-s-interim-report-jan-march-2024,c3968494

The following files are available for download:

 

View original content:https://www.prnewswire.com/news-releases/dios-fastigheters-interim-report-jan-march-2024-302128399.html

SOURCE Diös Fastigheter

Featured image: Deposit Photos © [email protected]

Disclaimer