K2A publishes interim report for January-March 2023

K2A Knaust & Andersson Fastigheter today published its interim report for January-March 2023. Net operating income was SEK 67.8 million. Profit after tax was SEK -156.1 million.

January-March 2023 in figures

• Rental income was SEK 110.3 million (85.6).
• Net operating income was SEK 67.8 million (49.1).
• Profit from property management was SEK 6.3 million (45.0).
• Changes in value of investment properties were SEK -168.9 million (204.6).
• Profit after tax was SEK -156.1 million (239.0), and earnings per ordinary share were SEK -2.04 (2.60).

“It is a positive development that operating activities are going better than ever, with a sharp increase in rental income and net operating income. As previously reported, 2023 will be a year of consolidation for K2A, and during April we have completed two sales that will strengthen liquidity, the balance sheet, financial KPIs and cash flow,” says Johan Knaust, CEO of K2A.

This disclosure contains information that K2A Knaust & Andersson Fastigheter AB is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014). The information was submitted for publication, through the agency of the contact person, on 27-04-2023 14:00 CET.