In May SSM issued a corporate bond with a total frame of SEK 700 million, and a first tap of SEK 400 million. The outstanding bond of SEK 200 million from 2013 was repaid in the same transaction. Another 800 building rights were acquired during the quarter; in Järla, Nacka (in-house), and by Brommaplan (joint-venture with Profi). The Tube (50 apartments) in Sundbyberg were started. SSM has 1,337 apartments in ongoing production.
1 April – 30 June 2016
- Net sales amounted to SEK 130,108 thousand (67, 275)
- Operating profit was SEK 33,725 thousand (16 226)
- The operating margin was 25.9 per cent (24.1)
- Profit after tax was SEK 23,446 thousand (12,270)
- On the closing date we had 1,337 apartments in production
- On the closing date 98 per cent of apartments in production had been sold
1 January – 30 June 2016
- Net sales amounted to SEK 203,004 thousand (235,506)
- Operating profit was 62,262 thousand (42,694)
- The operating margin was 30.7 per cent (18.1)
- Profit after tax was SEK 48,465 thousand (35,391)
- 2,601 (160) apartments were acquired
- 61 (86) apartments were sold
For further information, please contact:
President & CEO
Telefon: 0706-18 51 99
Telefon: 0708-32 99 93
This information is the kind of information that SSM Holding AB (publ) is obliged to make official according to EU’s regulations of market abuse regulation and/or the law regarding securities market. This information was handed in by the company’s representatives to be published publicly at 08.30 CET on August 26:th 2016.
In the interim report for Q2 2016, which was published on August 26, 2016, certain incorrect comparative figures for the period January 1 to June 30, 2015 were reported in the consolidated profit and loss statement on pages 2 and 4 of the report. A correction of these figures has been made in the interim report and published in a press release at 17:30 CET on January 16, 2017.
About SSM Holding AB (publ)
SSM is a residential development company operating in the Stockholm Region. The Vision is a residential market for everyone. The Company distinguishes itself by developing apartments made for a certain customer segment – Tomorrows citizens of Stockholm – and the ambition is to develop Stockholm’s most sought after apartments. That is why SSM builds apartments for one and two person households, with a high level of functionality per square meter, just outside the city, close to public transportation. Please find out more at: www.ssmfastigheter.se