#Sweden #Dios Fastigheter #David Carlsson #Rolf Larsson #Östersund

Comprehensive Overview of Diös Fastigheter's 2024 Year-end Report

Diös Fastigheter has recently published its Year-end Report for 2024, offering a detailed analysis of its operational performance and strategic initiatives. The past year has proven to be pivotal for the firm as it navigated through various transactions to enhance its financial health and growth potential.

Key Highlights of 2024

Strategic Focus and Financial Strengthening

The first half of the year was marked by a concerted effort to fortify the company's balance sheet through the divestiture of non-core properties. This strategic choice aimed at consolidating resources and positioning Diös for future growth opportunities. The leadership recognized the need to streamline operations and focus on assets that align with their long-term vision.

Growth Through Acquisition

Transitioning into the latter half of the year, Diös shifted its focus towards expansion via acquisitions. The strategy involved identifying key locations—especially cities ripe for development—that would allow the company to capitalize on growth potential. This calculated approach appears to have paid off, with Diös reporting a positive performance in net lettings, which stood at SEK 10 million in the final quarter. This figure reflects a consistent positive trend across all four quarters of 2024.

Financial Metrics

The financial results for the fourth quarter showcase the company's resilience:

• - Income: SEK 632 million, slightly decreased from SEK 646 million
• - Net Letting: SEK 10 million, compared to SEK 1 million previously
• - Operating Surplus: Increased to SEK 414 million, from SEK 439 million
• - Property Management Income: Declined to SEK 194 million, from SEK 229 million
• - Profit After Tax: SEK 326 million in contrast to a loss of SEK 687 million
• - Earnings Per Share: SEK 2.30, an improvement from -4.86

Yearly Performance Summary

In summary, for the entire year of 2024, Diös reported:

• - Total Income: SEK 2,527 million, slightly up from SEK 2,504 million
• - Net Letting: Jumped to SEK 32 million from SEK 19 million
• - Operating Surplus: Remarkably steady at SEK 1,728 million
• - Income from Property Management: Slightly decreased to SEK 892 million
• - Total Profit After Tax: SEK 691 million, a significant turnaround from -850 million
• - Earnings Per Share: SEK 4.88, recovering from -6.01

These figures underscore not only the success of the strategic pivots but also the fundamental strength of Diös' business model and its execution.

Updated Dividend Policy

In conjunction with the financial results, the Board has proposed a dividend of SEK 2.20 per share, set to be distributed evenly over four installments. This aligns with the newly revised dividend policy—crafted to enhance clarity and investment capacity—which stipulates that dividends should represent approximately one-third of the annual property management income, barring any financial constraints that might necessitate a different approach.

As David Carlsson, CEO of Diös Fastigheter, stated, their local presence combined with significant operational scale provides a competitive edge in northern Sweden. This strategic positioning not only benefits Diös but also reinforces its commitment to maximizing shareholder value and fostering growth across its assets.

Looking Ahead

Diös Fastigheter's proactive measures to revitalize its portfolio and financial standing underscore a promising outlook for the forthcoming years. As management continues to present its findings and strategies during their conference calls, stakeholders can look forward to a transparent and engaging discussion about the path ahead for the company.

In conclusion, 2024 has been a year of transformation and resilience for Diös Fastigheter, whose leadership remains committed to enhancing shareholder value while navigating the dynamic landscape of the real estate market.