Q1 2022

HIGHLIGHTS OF THE QUARTERLY REPORT¹:

The Group enjoyed solid financial development in the quarter, posting profit before income tax of NOK 2,468 (1,087) million.
Profit before income tax, fair value adjustments and currency result amounted to NOK 532 (500) million.
The Group’s financial position is solid, and the Group’s equity ratio at the end of the quarter was 52 % (48 %), while its liquidity reserves were NOK 6,314 (7,696) million.
Retail sales in the shopping centre portfolio owned by the Group were NOK 11,818 (11,000) million, an increase of 7.4 %.
The Group’s subsidiary Amfi Drift AS, which manages shopping centres for external and internal owners, was sold to sister group Thon Holding AS in Q2 2022.

¹The figures in brackets are for the corresponding period/date last year.