Campus development

That our campus areas develop and provide higher education institutions with the right conditions over time is crucial for us as a company. The key to success is to find close and good forms of collaboration with our customers where we can translate visions into concrete development and action plans.

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Vacant premises

Our knowledge environments are dynamic places where the core focuse is on education and research, but also on entrepreneurship and innovation. We have modern labs and offices for rent at several of our campuses.

Read more

Svenska
Customer service

Campus development

That our campus areas develop and provide higher education institutions with the right conditions over time is crucial for us as a company. The key to success is to find close and good forms of collaboration with our customers where we can translate visions into concrete development and action plans.

Read more

Vacant premises

Our knowledge environments are dynamic places where the core focuse is on education and research, but also on entrepreneurship and innovation. We have modern labs and offices for rent at several of our campuses.

Read more

Svenska
Customer service

Economy · Tisdag 6 februari, 2024

Year-end Report 2023: Challenging conditions affect earnings

Akademiska Hus shows a worse profit before tax than last year, which is mainly an effect of falling property values. Profit from property management is also worse than last year, as index-linked rental income has not fully compensated for increased costs. Despite the deteriorating earnings, Akademiska Hus has good financial stability with an equity ratio of 48 per cent, and during the year the company invested approximately SEK 2.7 billion in new construction, extensions and renovations.

Summary of the Year-end Report 2023

  • Rental income amounted to SEK 7,511 million (6,845).
  • The operating surplus amounted to SEK 1,161 million (1,246).
  • Net interest income amounted to SEK -868 million (-452) and changes in the value of financial instruments amounted to SEK -298 million (1,310).
  • Profit from property management amounted to SEK 852 million (1,036).
  • Changes in value of investment properties amounted to SEK –3,475 million (1,108).
  • Profit before tax for the period amounted to SEK 491 million (6,909).
  • Investments in new buildings, extensions and renovations amounted to SEK 2,684 million (2,551).
  • Properties were sold at a book value of SEK 91 million (714).
  • The property yield, excluding properties under construction and development reserves, amounted to 4.9 percent (4.8) for the past 12 months.
  • The Board of Directors proposes a dividend of SEK 2,218 million (2,905).

"In 2023, the focus has been on adapting and acting responsibly based on the challenging conditions of changed interest rates, recession, energy crisis and global uncertainty. These factors have affected both us and our customers' businesses, and are also reflected in our financial performance. Despite this, Akademiska Hus is stable on a good financial foundation. We will continue to work closely with our tenants to develop the campus environments in the best possible way and continuously improve our properties to meet the needs of the future," says Caroline Arehult, CEO of Akademiska Hus.