Q4 2024 Dios Fastigheter AB Earnings Call Transcript
Key Points
- Dios Fastigheter AB (FRA:D1F) reported a good result for the fourth quarter, considering transaction and one-off effects.
- The rental market in northern Sweden shows resilience with stable or rising rental levels.
- Access to financing remains good, with lower interest rates and margins during the quarter.
- Property values are somewhat positive, with a marginal adjustment in the yield.
- The company has a strong cash flow and a competitive advantage in its cities due to local management and market leadership.
- There was a marginal increase in vacancies due to completed new production, impacting rental income.
- The operating surplus ratio for the quarter decreased by 6% due to one-offs related to high electricity costs and higher maintenance.
- Financial costs are slightly higher due to matured derivatives and restructuring, leading to increased short-term financial costs.
- The economic occupancy rate decreased to 91% from 92% last year.
- The company faces challenges from the weak macroeconomic development and some setbacks in the green transition.
Good morning and warm welcome to this presentation of the Dios year-end report for 2024. Today we have our new CEO David Carlsson, who will present the results together with our CEO Rolf Larsson.
My name is Johan Dernmar and I'm the chief investor relations officer. After the presentation, there's an opportunity to ask questions. Please listen for instructions how to register your question, and we do our best to answer. Thank you for your engagement. I leave that word now to David.
Thank you. This is my first interim report as a CEO of the Dios, and I have really been looking forward to this moment since it was confirmed that I would take over as CEO last summer. I started on January 1 and have since gotten to know the company and my new colleagues. I have traveled to our cities and reviewed our property portfolio.
With my experience from previous workplaces, 20 years' experience, I'm well acquainted with regional cities in
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