Trianon: Good prospects for continuing growth - Nordea
Trianon ended 2021 with several transactions and new projects – and we expect the high level of activity to continue in 2022. In Q4, income from property management (IFPM) fell 7% short of our estimate, mainly due to higher property costs related to acquisitions and energy prices. We therefore lower our adjusted EPS forecast by 6% for 2022. Despite that, we still expect Trianon to outperform the sector in 2022, with 27% adjusted EPS growth. Due to its strong cash flow and acquisition capacity of SEK ~2bn, we see good prospects for another eventful year in terms of transactions. Marketing material commissioned by Trianon.
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