Aktiebolaget Fastator (publ) Interim Report, January-September 2016
Profit for the period MSEK 11.0 (22.2)
Earnings per share after dilution SEK 0.78 (1.85)
Return on equity 2.1% (6.1)
Net asset value –
Net asset value per share after dilution –
Interim period January-September
Profit for the period MSEK 82.9 (59.1)
Earnings per share after dilution SEK 5.91 (4.92)
Return on equity 22.7% (24.3)
Net asset value MSEK 521.0 (384.5)
Net asset value per share after dilution SEK 37.02 (29.86)
STRENGTHENED CAPITAL BASE AND MORE ACQUISITIONS
Fastator completed a number of significant acquisitions in the third quarter of the year. We also succeeded in strengthening our capital base with a bond issue of MSEK 250. Meanwhile, our existing holding performed favourably and we can happily confirm that our net asset value also rose MSEK 12 during the quarter.
At the beginning of the quarter, Fastator acquired a company focused on student and temporary housing in a number of fast-growing university cities in south-western Sweden. We also conducted an acquisition of the management company Nordic PM, mainly in order to offer all companies in the Fastator Group an affordable technical and financial management service going forward. Both of these acquisitions mean that we are now expanding the portfolio into new sectors and geographical sub-areas with growth potential in the property market.
Due to the bond issue in September, we are now well-positioned to further increase the pace of our future acquisitions. In the coming period, we aim to continue strengthening our portfolio of holdings.
Daniel Hummel, CEO Fastator
Stockholm, 25 November 2016
Fastator’s report for the third quarter of 2016 is available on the company’s website www.fastator.se and is published in Swedish and English.
For more information, please contact:
Daniel Hummel, CEO
+46 70 661 24 29
Erika Kveldstad, CFO
+46 70 339 99 99
This is information of the type that Fastator is obligated to disclose in accordance with the EU Market Abuse Regulation and the Swedish Securities Market Act. The information was submitted for publication, through the agency of the contact persons set out above, on 25 November 2016 at 07.00 a.m.