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Studentbostäder i Norden AB (publ) (“SBS”) publishes today its interim report for January–June 2024. During the period, revenues increased by 16 percent compared to the corresponding period in 2023, and the operating surplus amounts to 139 MSEK.
– It has been an eventful and positive spring. During the second quarter, our rental income increased by 24 percent, and the operating surplus increased by 19 percent. A new record for the number of admitted students means a significant increase in demand for our student housing. Our self-developed housing queue continues to grow, which means we now have 47,000 people in the queue, and we are well on our way to achieving our mission of creating a new home for students in the Nordic region, says Rebecka Eidenert, CEO of Studentbostäder i Norden AB.
The report is available as an attached document and on the company’s website www.sbsstudent.se.
Summary of the report
Period January–June 2024
- Revenues increased by 16 percent to 221 MSEK (191)
- Operating surplus increased 9 percent to 139 MSEK (128)
- Surplus margin amounted to 63 percent (67)
- Management result amounted to 9 MSEK (39)
- Property value changes amounted to -32 MSEK (-326)
- Earnings per share amounted to -0.08 SEK (-0.69)
- Long-term net asset value per share amounted to 3.66 SEK (3.70)
Period April–June 2024
- Revenues increased by 16 percent to 108 MSEK (93)
- Operating surplus increased by 19 percent to 75 MSEK (63)
- Surplus margin increased to 69 percent (67)
- Management result decreased to 14 MSEK (24)
- Property value changes amounted to 53 MSEK (-157)
- Earnings per share amounted to 0.07 SEK (0.02)
Selected significant events during the period
- SBS decides at an extraordinary general meeting to replace the existing board through the election of Tomas Lifvendahl, Leiv Synnes, Charlotte Axelsson and Amir. Tomas Lifvendahl is elected as the new chairman of the board.
- SBS agrees not to proceed with a previously announced acquisition of a new construction project with 173 student housing units in Copenhagen.
- SBS divests residential properties in Karlstad with an underlying property value of 132.5
For further information, please contact
Rebecka Eidenert, CEO Studentbostäder i Norden
rebecka.eidenert@sbsstudent.se
+46 (0)70 786 54 54
Certified Adviser
FNCA SWEDEN AB
About Studentbostäder i Norden
SBS owns, manages and develops student housing in long-term partnerships with municipalities, regions and universities. We offer affordable student accommodation of high quality and a fully digitalized rental management. Our ambition is to become the Nordic region’s leading student housing company and the obvious choice for students on their way to their dream profession.
