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Regulatory press release

YEAR-END REPORT 2024

Sagax
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2024 FINANCIAL YEAR

  • Rental revenue increased 16% to SEK 4,994 M (SEK 4,293 M in the year-earlier period).
  • Profit from property management attributable to Parent Company’s shareholders increased 11% to SEK 4,296 M (3,881).
  • Profit from property management per Class A and B share after dilution amounted to SEK 11.95 (11.16).
  • Changes in the value of properties had an impact on profit of SEK 558 M (−2,517).
  • Changes in value of financial instruments had an impact on profit of SEK 1,104 M (–1,235).
  • Profit after tax for the year attributable to Parent Company’s shareholders was SEK 5,255 M (–13).
  • Cash flow from operating activities before changes in working capital amounted to SEK 3,586 M (3,485), corresponding to SEK 9.85 (9.94) per Class A and B share after dilution.
  • Net investments in properties amounted to SEK 6,683 M (5,913), of which property acquisitions accounted for SEK 5,698 M (5,088).
  • The Board of Directors proposes that the dividend per Class A and B share be raised to SEK 3.50 (3.10). The Board also proposes a dividend of SEK 2.00 (2.00) per Class D share through a quarterly payment of SEK 0.50. The dividend proposal is in accordance with the company’s dividend policy.

FOURTH QUARTER OF 2024

  • Rental revenue increased 16% to SEK 1,315 M (SEK 1,133 M in the year-earlier period).
  • Profit from property management attributable to Parent Company’s shareholders increased 19% to SEK 1,079 M (909).
  • Profit from property management per Class A and B share after dilution amounted to SEK 3.00 (2.52).
  • Changes in the value of properties had an impact on profit of SEK 101 M (−837).
  • Changes in value of financial instruments had an impact on profit of SEK 29 M (–501).
  • Profit after tax for the period attributable to Parent Company’s shareholders was SEK 999 M (–433).
  • Cash flow from operating activities before changes in working capital amounted to SEK 882 M (778), corresponding to SEK 2.42 (2.13) per Class A and B share after dilution.
  • Net investments in properties amounted to SEK 841 M (2,188), of which property acquisitions accounted for SEK 611 M (1,852).

FORECAST FOR 2025

Profit from property management for 2025 attributable to Parent Company’s shareholders, meaning profit before revaluations and tax, based on the current property portfolio, announced acquisitions and divestments and current exchange rates, is expected to amount to SEK 4,400 M.

For further information, please contact CEO David Mindus, tel +46 8 545 83 540.

About AB Sagax
AB Sagax is a property company whose business concept is to invest in commercial properties, primarily in the warehouse and light industry segment. Sagax's property holdings per 31 December 2024 amounted to 4,834,000 square metres, distributed over 983 properties. AB Sagax (publ) is listed on Nasdaq Stockholm, Large Cap. More information is available at www.sagax.se.

This information is information that AB Sagax (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, on February 21, 2025, at 08:00 a.m. CET.

Every care has been taken in the translation of this press release. In the event of discrepancies, however, the Swedish original will supersede the English translation.

Attachments
Year-end Report 2024

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