Jefast Holding AB (publ) publishes its Interim report

Please see a summary of the highlights from the quarterly report below as well as the full report which can be found here, which is also available on our website: www.jefast.se 

Period April-June 2018 

  • Revenue increased to 85.2 m (78.1)
  • Operating profit amounted to 22.6 m (43.7)

Period Jan – June 2018

  • Revenue increased to 178.2 m (163.4)
  • Operating profit amounted to 57.8 m (78.9)
  • Net Loan to Value amounted to 65 % (68)
  • The interest coverage ratio amounted to 1.5 (1.6)
  • Property value of 3,225 m (2,954)

Events in the reporting period April – June 2018

  • Divestment of the Groups properties located in Åstorp consisting of 28,500 m2 and an annual rental value of 26.5 MSEK took place
  • A tap issue was finalised within the framework of the outstanding bond in the amount of 225 MSEK the proceeds will be used for redeeming the outstanding
  • The outstanding 2019 bond was redeemed on May 24 (ISIN SE0007186085)
  • New tenant at SöDER the Danish chain “Normal” leasing approximately 360 m2

Events after the reporting period

  • New tenants under contract at Kv Holland / SöDER, with an economic rental rate (excluding offices) of 95 %  

For further information, please contact:

 

Cassandra Jertshagen, CEO

Tel. +46 42 36 12 01

E-mail: cassandra@jefast.se

Maria Jonasson, CFO

Tel. +46 42 36 12

E-mail: maria@jefast.se

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This information is information that Jefast Holding AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation (596/2014/EU). The information was submitted for publication, through the agency of the contact person set out above CEO Cassandra Jertshagen, at 17:30 CET on 31 August 2018.

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Jefast was founded in 1977 and has since then had its headquarter in Höganäs, Skåne. Jefast owns and develops properties in Höganäs and Helsingborg and its close surroundings, as well as a hotel in Fort Lauderdale, Florida USA. The company owns a total of 137,000 square meters including both commercial and residential properties in Sweden.