Atrium Ljungberg AB (publ) (ATRLJ_B) Q4 2024 Earnings Call

Investor webinar replay

Watch the replay and follow the connected company analysis, news, and investor updates for Atrium Ljungberg Ab Class B.

Watch the replay

Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:05.137 Welcome to this call where I and my new CFO Anna Jeppson will 00:00:05.137 -- 00:00:09.201 present Atrium Ljungberg's Q4 report. 00:00:09.201 -- 00:00:14.326 The headline for this report is Higher rate of investment in the project portfolio 00:00:14.326 -- 00:00:18.028 promotes long-term growth. 00:00:18.131 -- 00:00:23.453 I would like to begin by summarizing the main content of this report. 00:00:23.453 -- 00:00:28.627 Our property portfolio looks similar to last quarter with 80% of the value 00:00:28.627 -- 00:00:30.291 in Stockholm. 00:00:30.291 -- 00:00:35.867 The largest segment offices accounts for 67% of the total value 00:00:35.867 -- 00:00:37.752 and only 19% 00:00:37.752 -- 00:00:39.992 for retail. 00:00:40.531 -- 00:00:45.424 Our net letting amounted to a negative eight million in the fourth quarter. 00:00:45.424 -- 00:00:50.839 And in addition to that, we have terminated contracts from our side of 00:00:50.839 -- 00:00:54.865 one million due to upcoming projects. 00:00:54.925 -- 00:00:59.753 For the full year, we delivered a net letting of 135 00:00:59.753 -- 00:01:04.742 million, and termination for upcoming projects, 00:01:04.742 -- 00:01:09.270 if we include that, the figure amounts to 109 million. 00:01:09.270 -- 00:01:13.754 A very strong figure in a challenging market. 00:01:14.045 -- 00:01:19.643 Our profits from property management increased by 4% during the year and 00:01:19.643 -- 00:01:25.977 the operating surplus in the like-for-like portfolio also increased by 4%. 00:01:26.549 -- 00:01:31.697 We have ongoing projects with an investment of 9.5 billion, 00:01:31.697 -- 00:01:34.842 of which 4.4 billion remains to be invested. 00:01:34.842 -- 00:01:36.344 During 00:01:36.344 -- 00:01:41.872 the fourth quarter...