Slottsviken (SLOTT) Q3 2024 earnings summary

Executive summary

• Substantial improvement in financial performance for January–September 2024, with revenue, operating income, and net profit all rising sharply year-over-year.

• Acquisition of Partille Mellby 4:76 property fully integrated, expanding the portfolio and boosting rental income.

• Net asset value per share increased to 39.21 SEK as of September 30, 2024, up 14.1% year-over-year.

Financial highlights

• Q3 2024 revenue: 3,955 TSEK (1,978), operating income: 1,683 TSEK (-1,203), net profit after tax: 1,498 TSEK (-1,058), EPS: 0.65 SEK (-0.76), all compared to Q3 2023.

• Nine-month revenue: 8,874 TSEK (6,116), operating income: 2,741 TSEK (-242), net profit after tax: 2,885 TSEK (179), EPS: 1.24 SEK (-0.31), all year-over-year.

• Cash flow from operations: 9.6 MSEK (–0.9), cash flow from investing: –43.2 MSEK (13.9), cash flow from financing: 39.8 MSEK (–8.8), nine months.

• Available liquidity at period end: 9.6 MSEK (5.4).

Outlook and guidance

• No significant events after the reporting period; management sees continued opportunities for value-adding measures in the new property.

• Substantial increase in net asset value driven by higher share price in Link Prop Investment and improved group earnings.