John Mattson Fastighetsföretagen AB (publ) (JOMA) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome here today. My name is Per Nilsson and I am the CEO of Jomatsom. I look forward to presenting our part-time report for the period from January to March 2025 together with our CFO Ebba Pilokart. We have had a good start to the year with continued growth in administrative results and positive value development in the real estate portfolio. The administrative result increased by 44% compared to the same period last year and we had a positive value development in the property portfolio of 0.7% for the quarter. During 2024, we communicated that the company entered a new phase with increased focus on growth and sustainability. To strengthen the conditions for growth and sustainability, we have made major changes in the management of the company, where Ludmilla Brandt is recruited to the service as project development manager, with a responsibility for our new production, and Louise Wall is recruited as sustainability manager, with the overall responsibility for the sustainability of the company. We have, at the beginning of the year, continued to deliver on our growth strategy with investments in existing assets. Under the first quarter, we have started to renovate our apartments in Rotebro, where we have a larger upgrade project of a total of 282 apartments. And our work to energy-efficientify our properties throughout the portfolio is ongoing according to plan. During the first quarter, we have completed a large mountain heating facility and we have also started two larger energy projects in our commercial facilities, where we recover surplus heat from the properties. In total, we save about three gigawatt hours of energy per year, which corresponds to about 7% of our total energy consumption. We move on to the follow-up of our financial goals, where it is very h...