GOTHENBURG, Sweden, July 15, 2022 /PRNewswire/ --
Strong six months with 47 per cent growth in income from property management, despite turbulence in the world
"Despite turbulence in our sector this first half of the year, we see a continued strong rental market with positive net lettings. With a loan-to-value ratio of 38.2 percent and financial muscles in terms of already negotiated bank loans that cover all maturities over the next 2 years, as well as a core business with a strong and stable cash flow, Castellum is well equipped to face a tougher financial market," says Rutger Arnhult, CEO of Castellum AB.
Attachment: Half-year report, January?June 2022
For further information, please contact:
Rutger Arnhult, CEO Castellum AB, +46 704-58 24 70
Maria Strandberg, CFO Castellum AB, +46 70-398 23 80
This disclosure contains information that Castellum AB is obligated to make public pursuant to the EU Market Abuse Regulation and the Swedish Security Markets Act. The information was submitted for publication, through the agency of the contact person set out above, at 8:00 a.m. CEST on 15 July 2022.
About Castellum
Castellum is one of the largest listed property companies in the Nordic region that develops flexible workplaces and smart logistics solutions. As of 30 June 2022, the property value totalled approximately SEK 185 Bn, including the ownership share of the Norwegian company Entra ASA. We are active in attractive Nordic growth regions. One of our sustainability goals is to become entirely climate neutral by 2030 at the latest. Castellum is the only Nordic property and construction company elected to the Dow Jones Sustainability Index (DJSI). The Castellum share is listed on Nasdaq Stockholm Large Cap.
Beyond expectations.
www.castellum.se
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http://news.cision.comhttps://news.cision.com/castellum/r/half-year-report--january-june-2022,c3590382
The following files are available for download:
Castellum half-year report January-June 2022 | |
https://mb.cision.com/Public/8364/3590382/aabcb3c20f27561a.pdf | Press release Castellum half-year report January-June 2022 |
SOURCE Castellum
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