Eastnine AB (OSTO:EAST)
kr 43.6 -0.4 (-0.91%) Market Cap: 3.91 Bil Enterprise Value: 5.69 Bil PE Ratio: 0 PB Ratio: 0.85 GF Score: 56/100

Q4 2023 Eastnine AB (publ) Earnings Call Transcript

Feb 07, 2024 / 09:00AM GMT
Release Date Price: kr41.5 (-0.60%)
Kestutis Sasnauskas;publ;Chief Executive Officer
Eastnine AB;Co-Founder, Partner

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Hello and very warm welcome to our year-end report. My name is Kestutis Sasnauskas, I'm CEO of Eastnine. And with me, I have Britt-Marie Nyman, Deputy CEO and CFO.

(Event Instructions)

So 2023, what a year we had. A true rollercoaster from the highs to the lows to another highs. But actually operationally, we also made one of our best years or this is absolutely the best year. Profits from property management increased by 32%. Our top line grew by 19%. Net operating income, 22%. I'm starting in this order to show you that the performance that we deliver, actually our growth is very, very profitable and is much more profitable than the top line.

Our NOI reached EUR17 million or EUR0.80 per share. We finalized our sale of Melon Fashion Group which has been a real roller coaster for us, but now it's done and our balance sheet and our results will be much less volatile going forward. And we managed to deliver 46% return to our shareholders, which we're

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