Samhallsbyggnadsbolaget i Norden AB (FRA:JSI)

Q2 2026 Samhallsbyggnadsbolaget I Norden AB Earnings Call Transcript

Jul 16, 2026 / 08:00 AM GMT

Transcript

Key Points

Positve

Samhallsbyggnadsbolaget i Norden AB (FRA:JSI) has strengthened its core holdings, focusing on market-leading platforms such as Svefas Theatre, Public Property Invest, and Nordicus.
The company successfully executed strategic transactions, including a merger that increased property value by 60% and is expected to yield SEK120 million in annual synergies.
Public Property Invest secured significant financing, demonstrating confidence from lenders and investors, and completed its primary listing on Nasdaq Stockholm.
Nordicus has a robust financial structure with long-term financing and a strong investment-grade rating, contributing to predictable long-term cash flow.
SPB Development showed strong momentum with net leasing reaching close to 13 million during the quarter and property sales exceeding fair value by 12%.

Negative

The company reported a negative financial result for the quarter, impacted by adverse currency movements and lower income from SPB Development.
There is a slight decrease in net asset value per share, attributed to isolated events affecting property valuations in Nordicus and SPB Development.
The interest coverage ratio is lower due to reduced income from joint ventures, posing a challenge to maintaining a good debt coverage.
Liquidity on the balance sheet is not sufficient to cover upcoming debt maturities, necessitating reliance on credit facilities.
Higher interest rates in Norway negatively affected the transaction market and property values for Public Property Invest.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

SBBb.ST - Samhallsbyggnadsbolaget I Norden AB
Q2 2026 Samhallsbyggnadsbolaget I Norden AB Earnings Call
Jul 16, 2026 / 08:00AM GMT

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Presentation
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Unidentified_1 [1]
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Welcome to SBB Q2 Earnings Call 2026. For the first part of the conference call, the participants will be in listen-only mode. During the questions and answers session, participants are able to ask questions by dialing pound key 5 on their telephone keypad. Now I will hand the conference over to Treasury Director Sebastian Westberg. Please go ahead.

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Unidentified_2 [2]
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Good morning, everyone, and thank you for listening in to our presentation of the second quarter of 2026.

My name is Sebastian Westberg. I'm the

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