The Group had a good operating result in Q3, with profit before tax, fair value
adjustments and currency result amounting to NOK 518 (512) million
Following downward adjustment of the value of the Group's property portfolio by
NOK 529 million, profit before tax was NOK 48 (1,099) million
The Group's financial position is solid and the Group's equity ratio at the end
of Q3
was 52 % (49 %), while its liquidity reserves were NOK 5,438 (8,425) million
Retail sales for the shopping centre portfolio in Q3 were NOK 13,872 million,
down
2 % on Q3 2021, but up 15 % on Q3 in the last normal year, 2019
In September, Olav Thon Eiendomsselskap launched an offer to the company's
shareholders to buy back up to 3 million shares. On expiry of the acceptance
deadline, the company bought back 2,144,263 shares at NOK 185 per share
For Olav Thon Eiendomsselskap ASA
Arne B. Sperre
Executive Vice President and CFO
Tel: + 47 926 97 622