Diös Fastigheter AB Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
February 16, 2024 at 01:00 am EST
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Diös Fastigheter AB (publ) reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was SEK 582 million compared to SEK 519 million a year ago. Revenue was SEK 646 million compared to SEK 568 million a year ago. Net loss was SEK 687 million compared to SEK 113 million a year ago. Basic loss per share from continuing operations was SEK 4.86 compared to SEK 0.8 a year ago.
For the full year, sales was SEK 2,296 million compared to SEK 2,029 million a year ago. Revenue was SEK 2,504 million compared to SEK 2,209 million a year ago. Net loss was SEK 850 million compared to net income of SEK 830 million a year ago. Basic loss per share from continuing operations was SEK 6.01 compared to basic earnings per share from continuing operations of SEK 5.87 a year ago.
Dios Fastigheter AB is a Sweden-based company active within the real estate sector. It is engaged in the acquisition, development, management and sale of primarily commercial real estate property, such as offices, retail premises and industrial premises, among others. Its real estate portfolio is focused in the municipalities of Borlange, Falun, Gavle, Mora, Ostersund, Sundsvall, Skelleftea and Lulea. As of December 31, 2011, the Companyâs real estate portfolio comprised 93 properties with a total leasable area of 338,721 square meters. The Company has nine subsidiaries: Dios Fastigheter I AB, Dios Fastigheter II AB, Dios Fastigheter V AB, Fastighets AB Uprum, Dios Fastigheter X AB and Are Contrum AB, among others. In July 2014, it sold property Borgmastaren 4, Strandgatan 22 to a newly formed housing association Borgmastaren 4 in Ostersund. In September 2014, the Company sold a property at Solhojden 31 in Sundsvall to HSB Produktion.