Doxa AB (DOXA) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello and welcome to Doxa's presentation of the quarterly report for Q2. My name is Christian Lindgren and I am the CEO of Doxa. And on my side I have Patrik Lindström who is the head of our project development. Efter en intensivt avslut av föregående år och början på detta året med försäljningen av Scenic i Sverige till Motares, sedan försäljning av Doxas förvaltningsfastigheter till Balder vid årsskiftet och sedan konkursen i Scenic i Sverige i början på januari så har andra kvartalet har vi börjat fokusera på våra målsättningar. Målsättningen som är att skapa världen genom fastighetsutveckling. to reduce access that we do not intend to maintain in the long term, and to have a sustainable financial position. And yesterday we told you that we had sold the property in the city of Halmstad for 426 million SEK, which corresponds to our book value, so there will not be any result of this deal. And we use the purchase liquid from there, to pay off loans with 371 million kronor. And we put 55 million kronor in the cash register. During the quarter, we have also continued to develop other parts of our business, such as the parts of our previous construction movement. This means that we have developed six housing rights associations. The four housing rights associations in Karlatornet have been transferred to the housing rights associations. and also Velocity in Helsingborg, and Teaterterrassen in Landskrona. The work to reduce access that does not allow long-term maintenance continues during the second half of the year. And as a result of the essential sales we have done, the business has decreased in size, which means that fewer employees and after the summer we will have seven people left in the company, which is significantly less than we have been before. And that will...