Q1 2021
HIGHLIGHTS OF THE QUARTERLY REPORT:1
- The Group achieved solid financial development in the quarter, posting profit before income tax of NOK 1,087 (-2,742) million.
- Profit before income tax, fair value adjustments and currency result amounted to NOK 500 (417) million.
- The Group’s financial position is solid, and the Group’s equity ratio at year end was 48 % (45 %), while its liquidity reserves were NOK 7,696 (7,764) million.
- Retail sales in the shopping centre portfolio owned by the Group were NOK 11,000 (10,404) million, up 5.6 % on 2020.
- In February, the company was awarded a public credit rating by Moody’s – Investment Grade Baa2.
- As a result of strict infection control measures, many shops in the Group’s shopping centres in densely populated areas of the country were closed for physical shopping for large parts of the quarter.
1The figures in brackets are for the corresponding period/date last year.
Click here to read the Q1 2021 report (pdf)