Q4 2022
HIGHLIGHTS OF THE QUARTERLY REPORT FOR 20221:
- The Group posted another good operating result in Q4 with profit before tax, fair value adjustments and currency result amounting to NOK 507 (531) million
- Following downward adjustment of the value of the Group’s property portfolio by NOK 1,183 million, profit before tax in Q4 was NOK -796 (2,077) million The Group’s preliminary profit before tax for 2022 amounted to NOK 3,138 (4,767) million
- The Group’s financial position is solid, and the Group’s equity ratio at year end was 52% (51%), while its liquidity reserves were NOK 5,119 (8,214) million
- Retail sales in the shopping centre portfolio in Q4 were NOK 17,343 million, up 1% on Q4 2021, but up 13% on Q4 in 2019, the last normal year before the pandemic
- An agreement was signed in Q4 regarding the acquisition of 50% of the Sørlandssenteret shopping centre in the Municipality of Kristiansand. Following the takeover in January 2023, Olav Thon Eiendomsselskap is the sole owner of Sørlandssenteret
- The Board proposes that a dividend of NOK 6.5 (6.50) per share be paid for 2022
1The figures in brackets are for the corresponding period/date last year.
Click here to read the Q4 2022 report (pdf)