Jefast Holding AB (publ) publishes its Quarterly report For the Period Jan- March 2019

Please see a summary of the highlights from the quarterly report below as well as the full report here

Period Jan-March 2019 

  • Revenue amounted to 88.7 MSEK (93.0)
  • Operating profit amounted to 20.2 MSEK (35.2)
  • Net loan to value amounted to 66.6 (66.9)
  • The interest coverage ratio amounted to 1.6 x (2.1)
  • Property value amounted to 3,161 (3,361)

Events in the reporting period Jan-March 2019

  • The sports- and bowling bar at SöDER / Kv Holland 25 is currently undergoing tenant adjustment according to the new upgraded concept 
  • The new gym at SöDER Kv Holland is planned to open in september this year and tenant adjustments are ongoing
  • Finalisation of the Pelican Grand room renovation took place during the first quarter

Events after the reporting period

  • No events took place after the reporting period 

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 20:00 CET on 31 May 2019.

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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 124 296 square meters including both commercial and residential properties in Sweden.