Samhällsbyggnadsbolaget i Norden AB (publ) (SBB_B) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning everyone and a warm welcome to our first quarter earnings presentation. It has been an eventful morning and Leif Synnes, myself, Helena Lindahl and Daniel Telberg is ready to present the first quarter result. So I will give the floor to Leif and he will run the the results and the strategy update. Thank you, Helena. And if you look on the period, I think the underlying business in SPB is continuing to perform well. We see an increase in the revenues from a like-for-like standpoint by 2.7% and the like-for-like growth in net operating income is a little bit more than 4%. So stable and positive development for SPV and we continue to developed the income from our properties and since the the starting of 2026 the like-for-like growth in from our properties have been 26 percent so that is very good we see almost flat valuation on the properties we see also that we continue to do good steps with our strategy and our strategy and the core holding strategy that we have is going quite well at the moment. During the first quarter, we set new financial targets. One of them is that we would like to grow the net asset value by a minimum of 12% per year. One way to do that is to increase the like-for-like revenue streams. We need to increase net operating income by at least 1% above the inflation. And the next target is a long-term goal to go back to investment grade for SBB Group. And the first step is to make sure that our core holdings or large subsidiaries receive investment grade funding. And we have Nordicus doing that. And we also have PPI doing that. And also we believe that Svea Fastiater is in a good position to also issue bonds with an investment grade rating. So that is quite good. And also one idea, which is, Nothing new for you guys is that we intend to ...