Hufvudstaden AB (publ) (HUFV_A) Q4 2023 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello and welcome to today's closing presentation from the capital of Sende 2023. My name is Albin Sandberg and I come from Cap Le Cherreux and I am one of the stock analysts who follow the capital. Today we will hear from the CEO Anders Snygren, CFO Åsa Roslund and the CEO of NK Bovikare. We estimate that the presentations will take somewhere between 35 to 40 minutes. There is the possibility to ask questions both here in the room and for those of you who follow digitally, please send in the questions so I can pick them up at the end. With that said, we hope to be ready around 10 to 5. And then I leave the floor to you, Anders. You're welcome. Thank you very much. I would like to start by greeting all of you who are here digitally today as well. Welcome. I have already greeted the audience here. Welcome. Today we are at the Sirio Law Firm. We are very grateful to be here today. We at Hufvudstaden have spent a lot of time here during the last six years. So it feels very special for us and we are very proud of this final product. I will start by summarizing the year. I want to start by saying that I feel proud of what we have achieved during this challenging year. For the third year in a row, we have increased the turnover from the property management. I would say that this year has been characterized by worries in our environment. We have seen these rising interest rates, increased financing costs and this is something that has affected the property industry as a whole. But it is precisely in these times that the low risk profile of the capital shows its strength. The demand for nice, centrally equipped offices has been stable during the year. But for retail it has been significantly more challenging. Many traders have experienced rising costs and declining turnover....