K-Fast Holding AB (publ) (KFAST_B) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to our presentation of the first quarter of 2026. As you have been informed, 2026 is a transformation journey. The goal is to take our company to a new position as one of Sweden's leading players in project development and entrepreneurship. During the first quarter, we have taken a few important steps in the right direction. During the quarter, we have, among other things, made a sale of our half-owned property, Valentina-Rickeby, and we have deducted 1.2% of our shares in the joint-owned company, K-Fast Chile. This means that from the first quarter of 2026, we no longer consolidate K-Fast Chile as a subsidiary company, and thus provide K-Fast Chile with results from interest companies. In addition, we have launched two projects, more about that later, and we have also, during the quarter, started the process of looking at the possibility of canceling completed and ongoing projects in Västerås, whose possible implementation, together with the liquidity we maintain through previously implemented businesses of the character Forward Sale, is an important step to be able to share our shares in Brnova. As previously mentioned, our goal is to create a larger real estate company with a significant amount of rental properties in southern Sweden through Brnova, where K-Fast Holding, after the issuance of Brnova, will be a leading player in project development and entrepreneurship. Our project development consists of a good project bank for both 2026 and 2027, where our plans are to start about 800 properties this year and as many during 2027. During the first quarter, we started the first stage in Björlanda, Gothenburg, which comprises 169 apartments and is within the framework of our joint-owned company with Alhem. We have also started a project in central Eskilstuna...