Fabege AB (publ) (FABG) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to our presentation of Q1 2025. As usual, I have our CFO, Åsa Bergström, with me. And after our review, there will be, as usual, the opportunity to ask questions. So, first slide, please. Or next slide, please. As you know, we have a modern portfolio with focus on Stockholm. I don't have to repeat that too much, I think. But what's new on this slide is that we only have 99 properties. since we have been in England. But then the property value of almost 80 billion. But what's important here is that all the focus on the Stockholm area. So the sub areas. So next slide, please. With all this happening now in the world, with all the turbulence, from day to day, you don't know really what will happen. We said that we thought we're coming from a tough 2024, or we really have a tough start of the 2020s. We thought maybe it could be a brighter 2025. And we were quite optimistic until maybe a couple of weeks ago when we saw the turbulence. But we all know what's happening in the world right now. So what we're doing, we're really focusing on what we can impact. And we can impact our areas, we can impact or have close relations with our tenants. We can focus on nothing and the daily work. And we can focus on Stockholm. We really believe, and I like to say that, we continue to believe in Stockholm. Stockholm as a growth area of... Sweden, it is the engine of the Swedish economy. It's a more volatile when you have a struggling economy, but those Swedish and international companies have many of their main quarters or the Nordic headquarters here in Stockholm. So I'm convinced that Stockholm will continue to be Sweden's largest growth region for the foreseeable future. but like any all metropolitan areas are challenges and the potential for improvements but it's also there o...