Q1 2023

HIGHLIGHTS OF THE QUARTERLY REPORT FOR 2023¹:

The Group achieved a profit before tax of NOK 234 (2,468) million.
Profit before tax, fair value adjustments and currency result amounted to NOK 594 (532) million.
The Group’s financial position is solid, and the Group’s equity ratio at the end of the quarter was 52% (52%), while its liquidity reserves were NOK 4,571 (6,314) million.
Retail sales in the shopping centre portfolio were NOK 12,839 (11,818) million, an increase of 8.6%.
The Group acquired 50% of Sørlandssenteret in the Municipality of Kristiansand in January, making it the sole owner of the centre.

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