Offentliga Hus i Norden (OFFENTLIGAHUS) Q4 2024 earnings summary

Executive summary

• Revenue for January–December 2024 was 311.6 MSEK, down 4% year-over-year, mainly due to property divestments.

• Net income for the period was 117.8 MSEK, a significant improvement from -313.6 MSEK the previous year.

• Property portfolio value increased by 23% to 4,761 MSEK, driven by acquisitions and revaluations.

• No employees; operations are managed through partnerships and external services.

Financial highlights

• Operating income (driftnetto) was 199.8 MSEK, down 1% year-over-year.

• Cash flow from operations was 299.8 MSEK, up from 112.6 MSEK the previous year.

• Equity at year-end was 4,745 MSEK, up from 4,629 MSEK.

• Soliditet (equity ratio) was 66.3%, down from 74.7% year-over-year.

• Loan-to-value ratio increased to 30.5% from 20.1%.

Outlook and guidance

• Focus remains on long-term, sustainable growth in social infrastructure properties, especially in growth regions.