Q3 2022

HIGHLIGHTS OF THE QUARTERLY REPORT FOR 2022¹:

The Group had a good operating result in Q3, with profit before tax, fair value adjustments and currency result amounting to NOK 518 (512) million
Following downward adjustment of the value of the Group’s property portfolio by NOK 529 million, profit before tax was NOK 48 (1,099) million
The Group’s financial position is solid and the Group’s equity ratio at the end of Q3 was 52 % (49 %), while its liquidity reserves were NOK 5,438 (8,425) million
Retail sales for the shopping centre portfolio in Q3 were NOK 13,872 million, down 2 % on Q3 2021, but up 15 % on Q3 in the last normal year, 2019
In September, Olav Thon Eiendomsselskap launched an offer to the company’s shareholders to buy back up to 3 million shares. On expiry of the acceptance deadline, the company bought back 2,144,263 shares at NOK 185 per share

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