2025-07-10
Nivika Fastigheter AB (publ) Interim report January – June 2025
Continued growth in all key ratios through acquisitions of high-yielding properties and completed projects along the West Swedish triangle. Revenue increased by 8 percent, net operating income by 14 percent and income from property management (with adjusted comparison quarter 2024) by 16 percent. Net lettings amounted to SEK 17 million during the quarter.
April – June 2025
(Figures in brackets refer to the same period last year)
- Total rental income increased by 8 % to 193 MSEK (178)
- Net letting was 17 MSEK (1)
- Net operation income increased by 14 % to 143 MSEK (125)
- The profit from property management increased with 3 % to 65 MSEK (63).
Income from property management with adjusted comparison quarter 2024
increased with 16 % to 65 MSEK (56) - Cash flow from the operating activities before changes in working capital increased
by 25 % to 132 MSEK (106) - Change in value for investment properties amounted to 39 MSEK (6) whereof
realised change in value amounted to 0 MSEK (8) - Changes in value of interest rate derivatives amounted to -68 MSEK (-21)
- Comprehensive income increased to 30 MSEK (48)
- Earnings per share 0.32 SEK (0.55)*
*) Right issue carried out in November 2023.
January – June 2025 (6 months)
(Figures in brackets refer to the same period last year)
- Total rental income increased by 11 % to 382 MSEK (343)
- Net letting was 24 MSEK (6) - Net operation income increased by 16 % to 271 MSEK (234)
- The profit from property management increased with 15 % to 117 MSEK (102)
- Cash flow from the operating activities before changes in working capital increased
by 23 % to 242 MSEK (197) - Change in value for investment properties amounted to 42 MSEK (27) whereof realised
change in value amounted to 0 MSEK (11) - Changes in value of interest rate derivatives amounted to -53 MSEK (-4)
- Comprehensive income increased to 87 MSEK (108)
- Earnings per share 0.90 SEK (1.23)*
*) Right issue carried out in November 2023.
"We live in a turbulent world but despite this I look forward to the rest of the year, we have a positive momentum in terms of growth and acquisition opportunities exist. Nivika has a clear growth strategy regarding both type of properties and geography. The focus remains on increasing cash flow and earnings per share from property management to create further shareholder value through the acquisition of high-yielding properties along the West Swedish triangle."
Sverker Källgården, CEO
|
Key figures |
2025 |
2024 |
2023/24 |
|
|
6 months |
6 months |
16 months |
|
MSEK |
Jan – June |
Jan - June |
Sep - Dec |
|
Rental income |
382 |
343 |
923 |
|
Net operating income |
271 |
234 |
655 |
|
Profit from property management |
117 |
102 |
266 |
|
Comprehensive income |
87 |
108 |
200 |
|
Property value |
12,593 |
11,138 |
11,788 |
|
Economic occupancy rate residential, % |
97 |
98 |
96 |
|
Economic occupancy rate commercial, % |
95 |
95 |
95 |
|
Net loan-to-value ratio, % |
49.3 |
45.4 |
46.9 |
|
Interest coverage ratio, times |
2.0x |
1.9x |
2.0x |
|
Long-term net asset value per share, SEK |
67.2 |
63,8 |
65,2 |
|
Earning per share, SEK* |
0.9 |
1.2 |
2.1 |
|
*) Right issue carried out in November 2023 |
|
|
|
This information is information that Nivika Fastigheter AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out herein, at 07:00 CET on 10 of July 2025.
